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Oklahoma Teacher's Retirement System (OTRS) is the pension program for public education employees in the US State of Oklahoma. As of June 30, 2014, the program had nearly 168,000 members. [ 1 ] Public education teachers and administrators are required to be OTRS members; support staff can join voluntarily. [ 1 ]
In August, the ESD announced that benefits for 86,449 fraudulent accounts totaling $576 million had been paid out, of which $340 million had been recovered. [ 9 ] The ESD's trust fund originally held $4.7 billion in March 2020, but was reduced to $2.8 billion within three months and is expected to be depleted by 2021.