Board Report, September 2026
OP&F’s new pension system will launch Oct. 1
The new OP&F member and employer portals will be live as of Oct. 1, after a multi-year project to upgrade the previous system.
The modern, paperless portal allows members access to pension information, tools and resources previously unavailable. Likewise, OP&F employers will have an upgraded system for submitting payroll and member information to the pension system. While the experience has changed, your pension remains secure, and your pension plan has not changed. As with any transition of this magnitude, the Board discussed that there will be frustration and a learning period and asks everyone to be patient as the process continues to bring about an enhanced member experience.
Through the new Member Portal, participants can:
· Review pension information and beneficiaries.
· Update contact information and communication preferences.
· Upload documents and complete pension-related transactions securely.
· Estimate future pension benefits and access retirement planning resources.
· Link to the Retiree Health Solutions website.
· Manage your retiree HRA.
PORTFOLIO UPDATE
· As of 9/29: $22.1 billion
· End of August: $22.7 billion
· End of July: $22.2 billion
Board of Trustees Committee Notes
(Motions voted on by the Board are listed separately)
DISABILITY: The Committee conducted its scheduled reviews and hearings.
INVESTMENT: Staff presented the monthly portfolio update. Investment consultant, Wilshire, presented the first of several scheduled Asset Liability Study discussions.
GOVERMENTAL AFFAIRS AND POLICY: The Executive Director and OP&F Legislative Consultant updated the Board on pending legislation and the upcoming elections and how they may affect OP&F. The Executive Director also updated the Board on the new pension administration project.
Motions:
At its September 2026 meeting, the OP&F Board of Trustees approved the following motions:
· The Board approved Townsend’s recommendation to commit up to $100 million to Jadian Evergreen Fund. Motion passed by unanimous vote (Investment Committee).
· The Board approved extending the third quarter of 2026 interim policy weights through the fourth quarter of 2026. Motion passed by unanimous vote (Investment Committee).
· The Board approved the following from the Disability Committee. Motions passed by unanimous vote:
o Approved recommendations for 12 Initial Determinations of Disability Hearings.
o Approved three reconsideration hearings.
o Approved recommendations for four Appeal Hearings.
o Approved recommendations for five Death Benefit Fund applications.
o Approved the Disability Reporting Waivers list.
o Approved the recommendation for excusable neglect for the Health Care Stipend of five members.
Next Board of Trustees Meetings: Oct. 27-28, 2026