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SB 428 Allows Some TRS Retired Teachers to Return
to Teaching Without Salary Limitations
Senate Bill 428 was passed by the Legislature and signed by the Governor. It is effective July 1, 2017. The purpose of the bill was to provide an incentive for bona fide retired classroom teachers to come back to work as classroom teachers without impacting their retirement benefits. Click on the link below for the emergency rule related to SB 428.
RFP for Internal Audit Services
The Teachers' Retirement System of Oklahoma has issued an RFP for Internal Audit Services. Proposals for internal audit services are due on October 13, 2017. Click below to view the RFP.
Each vendor is required to fill out and submit a Certification for Competitive Bid (Form CP-004) and a Responding Bidder Information (Form CP-076) with their proposal.
If you are unable to open the above links, please notify Jessica Malloy, Business Manager, at firstname.lastname@example.org.
Announcing 2017 Pre-Retirement Planning Seminars
Plan for Tomorrow - Today
August 26, 2017 Ada - East Central University (Estep 1 Room)
September 9, 2017 Lawton - Cameron University (CETES Conference Center)
September 23, 2017 Tulsa - Tulsa Technology Center, Owasso Campus (Conference Center - Sycamore Room)
September 30, 2017 Oklahoma City (2 sessions) - Francis Tuttle Technology Center, Rockwell Campus (Tuttle Theater)
Select Calendar to Register now!
TRS Publishes Financial Reports
The Comprehensive Annual Financial Report (CAFR) and the Popular Annual Financial Report (PAFR) for FY 2016 are both available on this website. Please take a few moments to look at these reports showing the financial condition of the Teachers' Retirement System.
GASB 68 Allocation Schedules Now Available
The first link below is to the OTRS “Schedule of Employer Allocations and Collective Pension Amounts” required by GASB 68. These audited schedules indicate each participating employer’s share of the “Net Pension Liability” of OTRS from its FY 2016 financial statements. The amounts in these schedules are to be used for employers’ FY 2017 financial statements. The second link below provides additional information about GASB 68 and contains further links to other helpful resources.
1099-R Frequently Asked Questions
Announcement - Tax Withholding Tables
The federal and state withholding tables have been recently updated in the OTRS accounting system, which may result in a small change to your monthly benefit payment amount. Any changes will be reflected beginning with the February 1, 2016 benefit payment. You should receive a separate letter detailing any changes to your monthly benefit payment.
If you wish to change your tax withholding for future benefit payments, the Monthly Tax Withholding Request form can be found on our website at http://www.ok.gov/TRS/Forms/index.html. If you have questions, please call 405-521-2387 or Toll Free 1-877-738-6365.