Monthly Board Report

Board Report, May 2023

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

    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



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    Board and Committee Meetings

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    Board Members and Committee Assignments

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