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Oklahoma Teachers' Retirement System
Oklahoma Teacher's Retirement System (OTRS) is the pension program for public education employees in the State of Oklahoma. As of June 30, 2014, the program had nearly 168,000 members. Public education teachers and administrators are required to be OTRS members; support staff can join voluntarily. State law established OTRS in 1943 to manage retirement funds and provide financial security for public education employees. Its first checks to retirees were sent out in 1947. It is administered by a staff and 14-member board of trustees. Its current executive director is Tom Spencer, who started in that position on November 1, 2014. Organization The TRS is governed by a 15-member Board of Trustees composed of 10 appointed members, four ''ex officio'' members, and one non-voting member. The Governor of Oklahoma appoints six members to the Board and the Speaker of the State House of Representatives and the President Pro Tempore of the State Senate each appoint two members to the Board. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension Fund
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity. The Federal Old-age and Survivors Insurance Trust Fund, which oversees $2.66 trillion in assets, is the world's largest public pension fund. Classifications Open vs. closed pension fund Open pension funds suppor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Of Oklahoma
Oklahoma (; Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a state in the South Central region of the United States, bordered by Texas on the south and west, Kansas on the north, Missouri on the northeast, Arkansas on the east, New Mexico on the west, and Colorado on the northwest. Partially in the western extreme of the Upland South, it is the 20th-most extensive and the 28th-most populous of the 50 United States. Its residents are known as Oklahomans and its capital and largest city is Oklahoma City. The state's name is derived from the Choctaw words , 'people' and , which translates as 'red'. Oklahoma is also known informally by its nickname, " The Sooner State", in reference to the settlers who staked their claims on land before the official opening date of lands in the western Oklahoma Territory or before the Indian Appropriations Act of 1889, which increased European-American settlement in the eastern Indian Territory. Oklahoma Territory and Indian Territory w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ex Officio Member
An ''ex officio'' member is a member of a body (notably a board, committee, council) who is part of it by virtue of holding another office. The term '' ex officio'' is Latin, meaning literally 'from the office', and the sense intended is 'by right of office'; its use dates back to the Roman Republic. According to ''Robert's Rules of Order'', the term denotes only how one becomes a member of a body. Accordingly, the rights of an ''ex officio'' member are exactly the same as other members unless otherwise stated in regulations or bylaws. It relates to the notion that the position refers to the position the ex officio holds, rather than the individual that holds the position. In some groups, ''ex officio'' members may frequently abstain from voting. Opposite notions are dual mandate, when the same person happens to hold two offices or more, although these offices are not in themselves associated; and personal union, when two states share the same monarch. For profit and nonprofit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pro Tempore
''Pro tempore'' (), abbreviated ''pro tem'' or ''p.t.'', is a Latin phrase which best translates to "for the time being" in English. This phrase is often used to describe a person who acts as a ''locum tenens'' (placeholder) in the absence of a superior, such as the president ''pro tempore'' of the United States Senate, who acts in place of the president of the United States Senate—a position that is held ''ex officio'' by the current vice president of the United States. Legislative bodies can have one or more ''pro tempore'' for the presiding officer. These positions ostensibly go to legislators experienced in floor debate who are familiar with the content and application of relevant rules and precedents and who have a reputation for fairness among their colleagues. Mayor pro tem A common use of ''pro tempore'' in the United States is in municipalities such as cities and towns with regard to the position of the mayor. In many cities, the city council appoints one of it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Superintendent (education)
In the American education system, a superintendent or superintendent of schools is an administrator or manager in charge of a number of public schools or a school district, a local government body overseeing public schools. All school principals in a respective school district report to the superintendent. The role and powers of the superintendent vary among areas. According to Sharp and Walter, a popularly held opinion is that "the most important role of the board of education is to hire its superintendent." History The first education laws in the United States were enacted in the colonial era, when various New England colonies passed ordinances directing towns "to choose men to manage the important affairs of learning, such as deciding local taxes, hiring teachers, setting wages, and determining the length of the school year." The persons responsible were frequently selectmen who had additional government responsibilities. Boston established America's first permanent schoo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equity (finance)
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Income
Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the principal amount on maturity. Fixed-income securities — more commonly known as bonds — can be contrasted with equity securities – often referred to as stocks and shares – that create no obligation to pay dividends or any other form of income. Bonds carry a level of legal protections for investors that equity securities do not — in the event of a bankruptcy, bond holders would be repaid after liquidation of assets, whereas shareholders with stock often receive nothing. For a company to grow its business, it often must raise money – for example, to finance an acquisition; buy equipment or land, or invest in new product development. The terms on which investors will finance the company will depend on the risk profile of the company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JPMorgan Chase
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the world's largest bank by market capitalization, and the fifth largest bank in the world in terms of total assets, with total assets of US$3.774 trillion. Additionally, JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important bank by the Financial Stability Board. As a " Bulge Bracket" bank, it is a major provider of various investment banking and financial services. It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand is used by the investment banking, asset management, private banking, wealth man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loomis, Sayles & Company
Loomis, Sayles & Company L.P. is an American investment management firm based in Boston. As of March 31, 2021, Loomis Sayles has roughly $347.8 billion in assets under management. Loomis Sayles was founded in 1926 by Robert H. Loomis and Ralph T. Sayles. In 2000, it was acquired by Natixis Global Asset Management. Products Loomis Sayles offers a variety of products for institutional investor An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked co ... and retail investors. It has institutional clients in 20 countries across six continents. Vehicles include Mutual Funds, Institutional Separate Accounts, Exchange Traded Funds, Managed Accounts, Hedge Funds, Collective Trusts and Other Private Placements. Strategy Loomis Sayles has experimented with a variety of styles, notably including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lord Abbett
Lord, Abbett & Co. LLC is an independent, privately-held investment management company headquartered in Jersey City, New Jersey. The firm offers a variety of fixed−income and equity strategies to individual and institutional investors. Lord Abbett has a global presence with offices in London, Dublin, Paris, Tokyo, and Montevideo. History On November 18, 1929, several weeks after the stock market crash that ushered in the Great Depression, Andrew James Lord, Leon Abbett, John R. Westerfield, and Julian B. Beaty created Lord, Westerfield & Co., Inc., with headquarters at 68 William Street, a few blocks from the New York Stock Exchange. In 1931, the Westerfields resigned from the company. Leon Abbett, a member of the founding group and the son of a former two-time New Jersey governor and state Supreme Court justice, provided the capital contribution that enabled the firm to continue. The name of the company was changed to Lord, Abbett & Co. and its headquarters were moved to 63 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Oklahoman
''The Oklahoman'' is the largest daily newspaper in Oklahoma, United States, and is the only regional daily that covers the Greater Oklahoma City area. The Alliance for Audited Media (formerly Audit Bureau Circulation) lists it as the 59th largest U.S. newspaper in circulation. ''The Oklahoman'' has been published by Gannett (formerly known as GateHouse Media) owned by Fortress Investment Group and its investor Softbank since October 1, 2018. On November 11, 2019, GateHouse Media and Gannett announced GateHouse Media would be acquiring Gannett and taking the Gannett name. The acquisition of Gannett was finalized on November 19, 2019. Copies are sold for $2 daily or $3 Sundays/Thanksgiving Day; prices are higher outside Oklahoma and adjacent counties. Ownership The newspaper was founded in 1889 by Samuel W. Small, Sam Small and taken over in 1903 by Edward K. Gaylord. Gaylord would run the paper for 71 years, and upon his death, the paper remained under the Gaylord family. It wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oklahoma Legislature
The Legislature of the State of Oklahoma is the state legislative branch of the U.S. state of Oklahoma. The Oklahoma House of Representatives and Oklahoma Senate are the two houses that make up the bicameral state legislature. There are 101 state representatives, each serving a two-year term, and 48 state senators, who serve four-year terms that are staggered so only half of the Oklahoma Senate districts are eligible in each election cycle. Legislators are elected directly by the people from single member districts of equal population. The Oklahoma Legislature meets annually in the Oklahoma State Capitol in Oklahoma City. The Oklahoma Constitution vests all legislative powers of the state government in the state legislature, which exercises legislative power by enacting Oklahoma law. The legislature may legislate on any subject and has certain " necessary and proper" powers as may be required for carrying into effect the provisions of the Oklahoma Constitution. The powers of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
