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

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:

• 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