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Our History
OMRF was established in 1966 by the City of Shawnee and the City of Ada signing a Trust Agreement which established the OMRF System and Trust. Twenty-six members joined that first year. (Each new member today still joins OMRF by entering into the same Agreement with Shawnee and Ada.) OMRF is authorized under State statutes to pool funds for investment purposes.

Currently, OMRF has assets exceeding $725 million. The System began with a Defined Benefit Plan only, and now also offers a Defined Contribution Plan and offers investment management as a separate service.
OMRF Assets as of
July 31, 2014
   
Defined Benefit Plan $464,581,045.75
Defined Contribution Plan $274,787,751.70
Defined Contribution Loans $9,646,732.65
   
Total Trust Assets $749,015,530.10
Our Features and Benefits
OMRF is owned and operated by its members. Our plans and services have been developed by our members through their representatives - the OMRF Board of Trustees. This nine member board, elected by the members of each district, listens. The Trustees respond to the requests of the employers and employees. This is evident in the continual expansion of services and plan features.

OMRF specializes in government plans by design, and therefore we are very familiar with the needs, objectives and plan requirements (or lack of) which might be unique to the government sector! The OMRF staff and team of consultants provide a professional service which is not duplicated anywhere!

OMRF members share plan costs, enabling many municipalities to provide plans which might not be affordable otherwise. A majority of the plan administrative costs, investment fees and consultant fees are shared pro rata of plan assets. As a result, plan costs are minimal.

OMRF is a non-profit organization. We do not pay any sales commissions or have any type of financial rewards to employees or consultants. There is no hidden agenda or ulterior motive (except maybe for pride) other than providing the best system possible - and remaining the State’s premier municipal retirement program!

The coalition of municipalities provides the best possible avenue of services. All programs are administered and managed locally here in Oklahoma. The direct relationships between the Trustees and the district members provide a communication link which assures employers and employees the ability to be heard and to be a part of the development of new programs and services.
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Copyright 2012. All rights reserved. Oklahoma Municipal Retirement Fund.