Oklahoma was once ranked among the worst states in the nation when it came to the financial stability of our state pensions. That meant many state workers, including teachers, were at risk of reaching retirement without sufficient income to live out their golden years in comfort. Fortunately, reforms that took full effect roughly a decade ago have now made Oklahoma a national model.
“What you did, starting in 2010 all the way to now, really is the gold standard for other states to look at,” said Caren Lock, a managing director with TIAA-CREF, a national financial services firm.
Continue reading