JANUARY MARKS OP&F’S 50TH ANNIVERSARY
From a small office on Broad Street on Jan. 13, 1967, 19 checks were mailed to
retired police officers and firefighters who previously had received their
benefits from the city where they had been employed. This was the beginning of
the Ohio Police & Fire Pension Fund.
At that time, the name was the Ohio Police and Fireman’s Pension and Disability
Fund and it faced a daunting task of creating a trusted, comprehensive
retirement system from the remains of hundreds of small municipal funds around
Ohio. In 2017, the OP&F celebrates 50 years of providing secure and reliable
retirement income for Ohio’s public safety officers.
In 1966, Amended House Bill 642 created OP&F, consolidating 425 individual
funds. When operations began on Jan. 1, 1967, assets totaling $75 million were
transferred from these individual funds to OP&F. However, the new pension fund
also inherited $490 million in liabilities. Today OP&F meets all state funding
requirements and its investment portfolio is valued at $14.6 billion.
OP&F PRESENTED FINANCIAL REPORTING AWARD
The Government Finance
Officers Association has again presented OP&F with the Certificate of
Achievement in Financial Reporting for the 2016 Comprehensive Annual Financial
Report. OP&F has received the award in 24 of the past 25 years.
RETREAT SCHEDULED FOR MARCH 2
The spring Board of Trustees Retreat
will be March 2 at Creekside Conference and Event Center in Gahanna. The future
of OP&F’s retiree health care plan will be the primary topic of discussion
during the meeting. Staff and consultants will provide trustees with the most
up-to-date data concerning the plan. As with all Board meetings, the retreat is
open to the public.
OP&F's investment portfolio value:
Board of Trustees Committee Notes
(Motions approved by the Board are listed separately)
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All Rights Reserved.
140 East Town Street, Columbus OH 43215
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