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TRS in Better Shape

Mike Mazzei
State of Oklahoma
Mike Mazzei

By KWGS News

http://stream.publicbroadcasting.net/production/mp3/kwgs/local-kwgs-988486.mp3

Oklahoma City, OK – The cash strapped Teachers' Retirement System in Oklahoma is still about seven-point-six billion underfunded . But a Tulsa Senator says things are looking better. Mike Mazzei is the head of the Senate Select Committee on Pensions.

The pension systems 10-billion dollars unfunded liability has been cut to seven-point-six billion. Mazzei says without the savings we could be looking at some steep tax increases.