Welcome to OkMRF.org - OkMRFTime 2022-10-19 04:28:36
Web Name: Welcome to OkMRF.org - OkMRF
Description:OkMRF 50 Year History Video
To maintain proper social distance please contact OkMRF prior to visiting to setup an appointmentWays to contact us
Committed to serving
Oklahoma’s local government retirement plans for a half-centuryWatch our 50 Year History Video
TOGETHER WE ARE STRONGER
Our coalition of municipalities seeks to provide the best possible servicesSee how you can participate
MEMBER-FOCUSED DECISIONS BY OKMRF TRUSTEES
Our Trustees perform additional duties so your City Council or Board doesn't have toBoard of Trustees at work
Audited financial reports are now availableView on-line
Welcome to OkMRF.org
Who We Are
OkMRF members and Trustees work together for your future!
Saving for retirement is one of the biggest challenges your employees will face during their working years. The opportunity provided through the Oklahoma Municipal Retirement Fund (OkMRF) can help them meet that challenge by setting the course for a more secure future in retirement.
Established in 1966 by state statute, the Oklahoma Municipal Retirement Fund has over 200 members throughout the state, including cities, towns, municipal hospitals, agencies and co-ops.
Since OkMRF specializes in government plans, we are very familiar with the needs, objectives and plan requirements unique to the government sector.
We are exclusively committed to serving Oklahoma’s local government retirement plans.
News and EventsWe are pleased to announce that OkMRF is now available to the Multiple Community Services Authority and the Town of Verden.It’s official: The Trustee election for the OkMRF District 3 Trustee Position is over. Please join us in congratulating the incumbent Donna Doolen. Her five (5) year term begins October 1, 2022.It’s official: The Trustee election for the OkMRF District 8 Trustee Position is over. Please join us in congratulating Shaun Barnett. His five (5) year term begins October 1, 2022.Join us in congratulating Cheryl Rea, City of Okmulgee Human Resources Director, as the 2022 George F. Wilkinson award recipient for OkMRF outstanding Authorized Agent. View prior recipients.Special Message from OkMRF Consultant, Asset Consulting Group (ACG) on the current geopolitical environment and overall market pressures. View here.Voya websites no longer support Internet Explorer 11. View more details.OkMRF is happy to announce, after extensive study, that your administrative fees are being changed to a flat fee.
Let us introduce you to our new four (4)-tiered administrative fee approach.
The following will be charged for the OkMRF administrative expenses from July 2022 through June 2023, expenses:Balance over $100,000: $32.50/month ($390 annually)
Balance between 50k – 100k: $20.00/month ($240 annually)
Balance between 15k – 50k: $10.50/month ($126 annually)
Balance less than $15,000: $3.75/month ($45 annually)Annually, we will review the fees charged for appropriateness to support the following year’s budget and are subject to change. The good news is, we continue to manage our budget successfully and want to pass these savings onto you – our Participants. Reminder, your investment fees are based on your underlying investment selection. Please review the applicable fund fact sheet(s) to determine the related investment expense ratio.View All News ItemsActions today help you plan for tomorrow. Get started now by completing the OkMRF Retirement Checklist.IMPORTANT NOTICE REGARDING COVID-19
To ensure the safety and protection of our participants and staff, the Oklahoma Municipal Retirement Fund is suspending all in-house appointments and consultations effective March 17, 2020 until further notice. As an alternative, please call our office at 888.394.6673 to schedule a telephone consultation. We are confident your needs and questions can be addressed with a telephone conversation. The Oklahoma Municipal Retirement Fund appreciates your assistance in taking reasonable precautions in an effort to help mitigate the spread of COVID-19 and reduce the impact of this pandemic on our state.New DC investment options:
ESG U.S. Stock Fund. Read More.On October 25, 2019, the OkMRF Board of Trustees approved a new defined contribution (DC) investment option called the ESG U.S. Stock Fund. The ESG U.S. Stock Fund is a stand-alone option with a focus on U.S. mid-to-large companies that are focused on environmental, social and governance (“ESG”) factors. These factors, for example, include underlying companies that have demonstrated a commitment to climate change, sustainability, consumer rights, product safety, conflicts of interest, business ethics, etc. The new investment option will be offered beginning April 1, 2020. More details.
Target Retirement 2065 Fund. Read More.On January 31, 2020, the OkMRF Board of Trustees approved the next tranche in the defined contribution (DC) Target Retirement investment lineup called Target Retirement 2065 Fund. This will be the default fund for any Participants hired after March 20, 2020, with a year of birth of 1998 or later. The Target Retirement Funds are a pre-diversified mix of investments that automatically adjusts based on the funds target date. The concept is simple, the closer the Participant gets to retirement, the more conservative the mix becomes. For those Participants hired prior to the live date of March 20, 2020, with a year of birth of 1998 or later, they will have an opportunity to move to the new Target Retirement 2065 Fund beginning April 1, 2020. If they do not actively make this choice, they will remain invested in the Target Retirement 2060 Fund. More details. The OkMRF Board Room dedicated and will forevermore be known as “The BAY” in honor of longtime board member, Bertha Ann Young. Read More.Designating a beneficiary is easy. Don’t delay! Do it today! Learn More.A Secure File Upload is now available to submit forms. Learn More.Learn more about the Hall of Fame Nominations.
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