Okla. Stat. tit. 11, § 11-50-102.1: Police Pension and Retirement System - Creation -

Status - Powers and duties.

There is created the Oklahoma Police Pension and Retirement

System which shall be a body corporate and an instrumentality of

this state. The System shall be vested with the powers and duties

specified in this act and such other powers as may be necessary to

enable it and its officers and employees to carry out fully and

effectively the purposes and intent of this article. All assets of

the System shall be held in trust for the exclusive purpose of

providing benefits for the members and beneficiaries of the System,

including defraying reasonable expenses of administering the System,

and shall not be encumbered for or diverted to any other purpose.

This System shall be the responsibility of the state and not that of

the participating municipalities.