RETIREE HEALTH CARE ENROLLMENTS EXCEED EXPECTATIONS FOR 2019
The enrollment periods have passed for OP&F retirees who signed up for
health care plans under the new stipend model in place for 2019 and numbers
exceeded expectations. More than 90 percent of Medicare-eligible OP&F retirees
enrolled in a plan and approximately 60 percent of members who are not yet
eligible for Medicare elected to enroll through the exchange managed by Aon
Retiree Health Solutions. Aon projected a 50 percent enrollment rate for this
group. Enrolled members will have a Health Reimbursement Account funded by
stipends from OP&F to assist in paying premiums and other qualifying expenses.
OP&F’s self-insured group health care plan ends Dec. 31. The change from the
group plan for retirees to the stipend model will extend OP&F’s ability to
provide health care assistance to retirees from less than 10 years to
approximately 15 years.
PORTFOLIO UPDATE
OP&F's investment portfolio value:
Current value (12/18/18): | $14.7 billion | |
End of November value: | $15.2 billion | |
End of October value: | $15.2 billion |
Board of Trustees Committee Notes
(Motions voted on by the Board are listed separately)
Motions:
At its December 2018 meeting, the OP&F Board of Trustees approved the following motions:
NEXT BOARD OF TRUSTEES MEETINGS JAN. 22-23, 2019
Posted 12/27/2018
In 2020, OP&F will hold elections for three positions on the Board of Trustees; a retired police representative, an active police representative and an active fire representative.
OP&F encourages you to come to our monthly board meetings. Board agendas and minutes can be viewed by clicking the link below.
Please click the links below to view Committee Assignments and Board Members.