The Commission is provided administrative support by the Office of the State Auditor and Inspector.

The State Pension Commission provides guidance to the Governor of Oklahoma and the Oklahoma Legislature concerning the state's public retirement systems, including identifying problems and areas of abuse, projecting costs of existing systems and modifications to those systems, and recommending pension reform programs.

Upon review, the Commission makes recommendations on administrative and legislative changes which are necessary to improve the performance of the retirement systems.

The Commission has no responsibility for or power over the actual day-to-day management or policy decisions of the various systems.

The Pension Commission is responsible for overseeing financial status and conditions of the following: