Board Report, September 2024

OP&F encourages members to retrieve 1099s online

OP&F requests members to elect to receive their 1099-R statements electronically in place of a paper statement. Electronic statements provide fast, safe, and secure delivery and storage with the ability to always find your statement when you need it. This added convenience and security benefit means less worry for our members. It also saves OP&F the cost of mailing the form. OP&F will still mail the tax forms to members who choose not to opt out of the mailing.

OP&F recommends logging into the Member Self-Serve system on or after Jan. 31, 2025, to confirm you have all the Form 1099-Rs issued.

Trustees remember 9/11

OP&F Executive Director Mary Beth Foley with trustees Brian Steel (left) and Stephen Corvi (right) at the annual Blue Mass on Sept. 11, at St. Timothy’s Catholic Church in Columbus. Steel, a lieutenant with the Columbus Division of Police, was the keynote speaker and provided an inspiring speech at the ceremony honoring fallen first responders and thanking those who currently serve.

PORTFOLIO UPDATE

Board of Trustees Committee Notes

(Motions voted on by the Board are listed separately)

DISABILITY: The Committee conducted its scheduled reviews and hearings. The Committee also approved the 2024 Streamlining Vocational Process for the Disability Evaluation Panel as presented.

FINANCE: OP&F staff presented the 2025 Operating and Capital Budgets for the Board to review, in addition to updated financial statements.

INVESTMENT: In addition to a review of the portfolio value and year-to-date performance, staff provided the Private Credit Program Review detailing the program’s compliance with certain investment policy guidelines.

Motions:

At its September 2024 meeting, the OP&F Board of Trustees approved the following motions:

• Approved recommendations for 11 Initial Determinations of Disability and three Reconsideration hearings.
• Approved the recommendations for five Appeal Hearings.
• Approved the Disability Reporting Waivers list.

NEXT BOARD OF TRUSTEES MEETINGS: Oct. 29-30, 2024