Oklahoma Pension Calculator
State and local government employees collect taxpayer-guaranteed pension benefits that are far more generous than those available to most private-sector workers. The cost of traditional defined-benefit public pensions is unsustainable and has severe financial consequences that will affect generations of Americans. Use the calculator below, on the left-hand side of the page, to estimate the pension that you would collect after a career as a general government employee and to see how much money you would need to save on your own (your total annuity cost) to replicate that guaranteed income stream in the private sector.
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The Oklahoma Council of Public Affairs (OCPA) was founded in 1993 as a public policy research organization focused primarily on state-level issues. OCPA has been part of an emerging, national trend of free-market, state-based think tanks. The founders, led by Dr. David Brown, envisioned an organization that was capable of affecting the state's public policy similar to national level think tanks, such as the Manhattan Institute and the Heritage Foundation.
Throughout its 18 years of existence, OCPA has conducted research and analysis of public issues in Oklahoma from a perspective of limited government, individual liberty and a free-market economy. OCPA has promoted the conclusions from its research through an array of media that have steadily increased in breadth, scope and ultimately, effectiveness. OCPA's mission is to accumulate, evaluate, and disseminate public policy ideas and information for Oklahoma consistent with the principles of free enterprise, limited government, and individual initiative.
One of the biggest challenges facing Oklahoma are its government pension systems. To see some of OCPA's policy recommendations to help fix the problems of state pensions click here. Also, visit OCPA's http://accountabilityok.org/pensions/ to get more information about state pension payments to government employees.