Monthly Board Report

Board Report, January 2023

Three trustee positions up for election this spring

OP&F members will elect an active police representative, an active fire representative and a retired fire representative to the Board of Trustees during elections this spring. Currently, Robert Britt (Toledo Police), Stephen Corvi (Columbus Fire) and Marco Miller (Columbus Fire, retired) hold these positions. Each is eligible for re-election.

A notice of election will be mailed to police and fire departments and to retired fire members by Feb. 6. Election materials, including nominating petitions, certificates of eligibility and election rules will also be posted to the OP&F website on Feb. 6.

Eligible members who intend to run for a position on the Board of Trustees must submit all required forms and information to OP&F no later than 4 p.m. on April 3. Ballots will be mailed in early May and the election results announced by May 31. The new term for the trustees will begin June 5.

Members are encouraged to update address information with OP&F so that they receive election information and can cast their ballot.

PORTFOLIO UPDATE

  • As of 1/27: $17.5 billion
  • End of December: $16.9 billion
  • End of November: $17.2 billion
  • Board of Trustees Committee Notes

    (Motions voted on by the Board are listed separately)

    DISABILITY: The Committee conducted its scheduled initial determination and appeal hearings and also reviewed the Annual Mandatory Disability Experience Report by Employer.

    PERSONNEL: The Committee discussed staffing data, succession planning and the resources for the ongoing pension system replacement project. The Board reviewed the 2023 committee schedule. An executive session was not required.

    FULL BOARD: The Board reviewed the 2023 trustee election materials for approval.

    INVESTMENT: In addition to a review and discussion of the investment portfolio, the Board heard presentations by its investment consultant on the 3rd quarter performance of its real estate and real assets portfolios.

    Motions:

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

  • The Board approved Wilshire’s recommended amendments to the Implementation Plan and Benchmarking Transition. Motion passed by unanimous vote. (Investment Committee).
  • The Board approved staff and Wilshire’s recommended amendments to the Investment Manager Guidelines for the Western U.S. Enhanced Cash Strategy. Motion passed by unanimous vote. (Investment Committee).
  • The Board approved Townsend’s recommendation for the 2023 Real Estate Investment Plan. Motion passed by unanimous vote. (Investment Committee).
  • The Board approved Townsend’s recommendation for the 2023 Real Asset Investment Plan. Motion passed by unanimous vote. (Investment Committee).
  • The Board approved the following from the Disability Committee. Motions passed by unanimous vote:
    • Approved four Death Benefit Fund cases.
    • Approved 10 Initial Determination of Disability. One Initial Determination was postponed.
    • Approved that the one Reconsideration hearing heard remain the same.
    • Approved four Appeal hearings, one file review and one appeal remain the same.
    • Approved the Disability Reporting Waivers list.

    NEXT BOARD OF TRUSTEES MEETINGS: Feb. 28-March 1, 2023

    Previous Reports

    Monthly Report For June 2024
    - Posted June 27, 2024
    Monthly Report For April 2024
    - Posted May 02, 2024
    Monthly Report For March 2024
    - Posted March 13, 2024
    Monthly Report for January 2024
    - Posted January 31, 2024
    Monthly Report for December 2023
    - Posted January 11, 2024
    Monthly Report for November 2023
    - Posted November 13, 2023
    Monthly Report for September 2023
    - Posted October 06, 2023
    Monthly Report for August 2023
    - Posted September 18, 2023
    Monthly Report for June 2023
    - Posted July 09, 2023
    Monthly Report for May 2023
    - Posted June 01, 2023
    Monthly Report for April 2023
    - Posted May 03, 2023
    Monthly Report for February 2023
    - Posted March 20, 2023
    Monthly Report for January 2023
    - Posted February 01, 2023
    Monthly Report for December 2022
    - Posted December 29, 2022
    Monthly Report for October 2022
    - Posted November 04, 2022
    Monthly Report for September 2022
    - Posted October 07, 2022
    Monthly Report for August 2022
    - Posted September 09, 2022
    Monthly Report for June 2022
    - Posted July 06, 2022
    Monthly Report for May 2022
    - Posted June 02, 2022
    Monthly Report for April 2022
    - Posted May 05, 2022
    Monthly Report for March 2022
    - Posted April 19, 2022
    Monthly Report for February 2022
    - Posted March 15, 2022
    Monthly Report for January 2022
    - Posted February 02, 2022
    Monthly Report for December 2021
    - Posted December 08, 2021
    Monthly Report for October 2021
    - Posted November 02, 2021
    Monthly Report for September 2021
    - Posted October 07, 2021
    Monthly Report for August 2021
    - Posted September 01, 2021
    Monthly Report for June 2021
    - Posted July 12, 2021
    Monthly Report for May 2021
    - Posted June 02, 2021
    Monthly Report for April 2021
    - Posted May 24, 2021
    Monthly Report for March 2021
    - Posted April 08, 2021
    Monthly Report for February 2021
    - Posted March 04, 2021
    Monthly Report for January 2021
    - Posted February 04, 2021



    Board of Trustee Elections

    Information on Board of Trustees elections can be viewed by clicking the link below.

    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.

    Board Members and Committee Assignments

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