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UNFUNDED MANDATE PROVES HEADWIND TO STATE RETIREMENT SYSTEM

November 09, 2022 - 00:00
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Independent Journalism CenterAlthough the funded status of the Oklahoma Teachers’ Retirement System (OTRS) improved dramatically for a decade, an unfunded benefit-increase mandated by lawmakers in 2020 effectively eliminated four years’ worth of continued progress, according to data presented to lawmakers.As a result, the teachers’ retirement system will not achieve full ...

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