About the Commission

The Oklahoma State Pension Commission has no responsibility or regulation regarding private pension plans --  it's sole responsibility is oversight of the state's pension systems' investments.  If you have questions regarding your private pension plan, the following federal sites provide information regarding your benefit rights.

 Pension and Welfare Benefits Administration (formerly EBSA)

Pension and Welfare Benefits Administration (PWBA)   The PWBA protects the integrity of pensions, health plans, and other employee benefits for more than 150 million people. The agency mission is to:
  • assist workers in getting the information they need to protect their benefit rights,
  • assist plan officials to understand the requirements of the relevant statutes in order to meet their legal responsibilities,
  • develop policies and laws that encourage the growth of employment-based benefits, and
  • deter and correct violations of the relevant statutes.

Employment Retirement Income Security Act ERISA and Your Pension Plan
Your Right to Plan Information
Benefit Accrual and Vesting
Payment of Benefits
Providing Survivor Benefits To Your Spouse
Making a Benefits Claim And Filing Suit Under ERISA
Dividing Your Pension For Family Support
Protecting Your Plan's Assets From Mismanagement and Misuse
ERISA's Protections Against Inadequate Plan Funding
Protecting Your Benefits in the Event of Plan Terminations and Mergers
The ERISA Advisory Council Working Group Reports

ERISA and Your Pension Plan
  • What Is ERISA?
  • What Are Defined Benefit and Defined Contribution Pension Plans?
  • What Are Simplified Employee Pension Plans (SEPs)?
  • What Are Profit Sharing Plans or Stock Bonus Plans?
  • What Are 401(k) Plans?
  • What Are Employee Stock Ownership Plans (ESOPs)?
  • What Is The Role Of The Labor Department In Regulating Pension Plans?
  • What Other Federal Agencies Regulate Plans?

Your Right to Plan Information
  • What Information Is Your Plan Required to Disclose?
  • Sources of Plan Information
  • What Documents Are Available At Other Federal Agencies?

Benefit Accrual and Vesting
  • What is the Earning Service Credit?
  • Who Must Be Allowed to Participate In Your Employer's Pension Plan?
  • What Is Benefit Accrual And How Does It Work?
  • What Other Rights Are Protected As Part Of Your Accrued Benefits?
  • Can Your Plan Reduce Future Benefits?
  • What Happens To Your Service Credit If You Leave Your Job And Later Return?
  • What Happens To Your Benefit Accruals (And Your Pension Payments) If You Retire And Later Go Back To work?
  • What Is Vesting And How Does It Work?
  • May Plans Use Other Vesting Schedules?

Payment of Benefits
  • When Can You Expect Payment Of Your Benefits?
  • When Can You Expect Payment Of Your Benefits?
  • When Must You Take Payment?
  • In What Form Will Your Benefits Be Paid?

Providing Survivor Benefits To Your Spouse
  • What Happens To Your Benefits Upon Death?
  • What Is A Qualified Joint and Survivor Annuity (QJSA)?
  • What Is A Qualified Preretirement Survivor Annuity (QPSA)?
  • What Survivor Benefit Rules Apply To Most Defined Contribution Plans (Such As 401(k) Plans)?
  • Where Can You Get More Information About QJSA And QPSA Rights?

Making a Benefits Claim And Filing Suit Under ERISA
  • How Do You Make A Claim For Benefits?
  • May You Sue Under ERISA?
  • What Is The Role Of The Department Of Labor If You Sue Under ERISA?
  • May Your Employer Fire You For Asserting Your Rights Under ERISA?

Dividing Your Pension For Family Support
  • Can Your Pension Be Attached for Family Support?
  • What Requirements Must Be Met For A Domestic Relations Order To Be Qualified?

Protecting Your Plan's Assets From Mismanagement and Misuse
  • What Protections Do The Fiduciary Requirements Of ERISA provide?
  • When Can Your Choose Your Own Investments?

ERISA's Protections Against Inadequate Plan Funding
  • What Are The Funding Standards For Plans?

Protecting Your Benefits in the Event of Plan Terminations and Mergers
  • Can A Plan Be Terminated?
  • What Happens If Your Plan Terminates Without Enough Money To Pay The Benefits? Which Benefits are Guaranteed?
  • Is Your Accrued Benefit Protected If Your Plan Merges With Another Plan?

The ERISA Advisory Council Working Group Reports The purpose of the working groups is to identify and define subject issues, to investigate, to take testimony from witnesses, and to submit a final or interim report of findings and recommendation to the Council for approval. . . .. . . .

The working group studies testimony received and deliberations that took place on various issues during the Council year. Meetings of the working groups and reporting to the Council of progress made continues until early November of each year. Near the end of the Council term, members of the working group maybe requested to summarize witness testimonies and deliberations of the group in preparation of a final report of findings and recommendations to the Council. . . . .. . . .

November 14 signals the end of the Council term. The working groups present their final or preliminary findings and recommendations to the full Council at the Council's final meeting of the year. The Council discusses each working group report, accepts by vote as presented or with modifications. . . .. . . .

The final act the Council term is when the Council Chair, in a letter to the Secretary of Labor, transmits the working groups' reports as accepted by the Council.