Board of Trustees News

Columbus’ Steel elected to represent active police officers

Brian Steel from the Columbus Division of Police was the successful candidate for this spring’s election for a seat on the OP&F Board of Trustees. Steel will represent active police officers for a four-year term beginning June 5. Election results were announced on May 18.

Miller elected Board chair for 2023-24, Czack to serve as vice-chair

Marco Miller (retired, Columbus fire) will serve as chair of the OP&F Board of Trustees after being nominated and elected at the May 24 meeting. Miller is completing his first term on the Board and ran uncontested for a new four-year term that will begin June 5.

Also at the May 24 meeting, Tanya Czack (Parma Heights police) was elected to serve as vice-chair of the Board. Czack is currently in her first term as a trustee.

PORTFOLIO UPDATE

  • As of 5/23: $17.1 billion
  • End of April: $17.3 billion
  • End of March $17.3 billion

    • Board of Trustees Committee Notes

    (Motions voted on by the Board are listed separately)

    DISABILITY: The Committee conducted its scheduled reviews and appeal hearings.

    ADMINISTRATION AND AUDIT: The Committee was provided with the Internal Audit Status Report for review and discussion, along with the Annual Audit Letter and the Ohio Retirement Study Council Annual Audit Report.

    INVESTMENT: In addition to a review and discussion of the investment portfolio, investment consultants presented to the Board the 4th Quarter Real Estate Performance & Portfolio Review, the 4th Quarter Real Assets Performance & Portfolio Review, and the 1st Quarter Performance Review.

    Motions:

    At its May 2023 meeting, the OP&F Board of Trustees approved the following motions:

  • The Board approved staff’s and Aksia’s recommendation to commit up to $50 million to the HIG Whitehorse Middle Market Lending Fund. Motion passed by a vote of 7-0, with one abstention. (Investment Committee).
  • The Board approved staff’s and Wilshire’s 2023-24 Private Credit Investment Plan. Motion passed by unanimous vote. (Investment Committee)
  • The Board approved recommendation of staff and Aksia to commit up to $40 million to the Resolute Fund VI. Motion passed by unanimous vote. (Investment Committee)
  • The Board approved the recommended changes to the Risk Management Policy as presented. Motion passed by unanimous vote. (Administration and Audit Committee)
  • The Board approved the 2023 Internal Audit Department Charter with no recommended changes. Motion passed by unanimous vote. (Administration and Audit Committee).
  • The Board approved the recommended changes to the Administrative Rules as presented by OP&F General Counsel. Motion passed by unanimous vote. (Administration and Audit Committee).
  • The Board approved the following from the Disability Committee. Motions passed by unanimous vote:
    • Approved two Death Benefit Fund cases.
    • Approved 14 Initial Determinations of Disability, including one re-examination.
    • Confirmed that two Reconsideration cases heard remain the same.
    • Approved four appeal hearings and confirmed that one appeal hearing would remain the same.
    • Approved the Disability Reporting Waivers list.

      • NEXT BOARD OF TRUSTEES MEETINGS: June 20-21, 2023

    Other News

    Monthly Report for May 2023
    - Posted June 01, 2023
    NOTICE- OP&F May 2023 Committees, Board Meeting Times
    - Posted May 16, 2023
    Monthly Report for April 2023
    - Posted May 03, 2023
    NOTICE - OP&F April 2023 Committees, Board Meeting Times
    - Posted April 18, 2023
    Monthly Report for February 2023
    - Posted March 20, 2023
    NOTICE- OP&F February 2023 Committees, Board Meeting Times
    - Posted February 21, 2023
    Monthly Report for January 2023
    - Posted February 01, 2023
    NOTICE- OP&F January 2023 Committees, Board Meeting Times
    - Posted January 18, 2023
    Monthly Report for December 2022
    - Posted December 29, 2022
    NOTICE - OP&F December 2022 Committees, Board Meeting Times
    - Posted November 29, 2022
    Monthly Report for October 2022
    - Posted November 04, 2022
    NOTICE - OP&F October 2022 Committees, Board Meeting Times
    - Posted October 19, 2022
    Monthly Report for September 2022
    - Posted October 07, 2022
    NOTICE - OP&F September 2022 Committees, Board Meeting Times
    - Posted September 21, 2022
    Monthly Report for August 2022
    - Posted September 09, 2022
    NOTICE - OP&F August 2022 Committees, Board Meeting Times
    - Posted August 24, 2022
    Monthly Report for June 2022
    - Posted July 06, 2022
    NOTICE - OP&F June 2022 Committees, Board Meeting Times
    - Posted June 22, 2022
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    Monthly Board Report

    Board of Trustee Elections

    The next scheduled elections for the OP&F Board of Trustees will be in the spring of 2023. Updated information on these elections will be posted in February 2023.

    View Election Details

    Board and Committee Meetings

    OP&F encourages you to come to our monthly board meetings. Board agendas and minutes can be viewed by clicking the link below.

    View Board and Committee Meetings

    Board Policies


    Board Members and Committee Assignments

    Please click the links below to view Committee Assignments and Board Members.

    Committee Assignment
    Board Members