FUNDING REPORT SHOWS OP&F REMAINS WITHIN STATE STANDARDS
During the October Board of Trustees meeting, OP&F’s actuarial consultant
delivered the annual valuation report that included the system’s funding status
as of Jan. 1, 2018. The report indicated that the funding period remains the
same as last year, 28 years. OP&F continues to be compliant with Ohio’s funding
requirement of a funding period of 30 years or less. The report also showed a
slight improvement in the funded ratio from 2017, at 69.9 (compared to 69.8 last
year).
A larger improvement was seen in the actuarial valuation for
retiree health care funding. As of Jan. 1, 2018, OP&F’s health care fund is
projected to remain solvent until late 2033. The Jan. 1, 2017 health care
valuation projected solvency only until 2025. The improvement can be attributed
to the transition to a stipend-based health care model for retirees, which will
be implemented in January, replacing the self-insured group health care plan
OP&F had for its retirees.
PORTFOLIO UPDATE
OP&F's investment portfolio value:
Current value (10/23/18): | $15.22 billion | |
End of Sept. value: | $15.88 billion | |
End of Aug. value: | $15.97 billion |
Board of Trustees Committee Notes
(Motions voted on by the Board are listed separately)
Motions:
At its October 2018 meeting, the OP&F Board of Trustees approved the following motions:
NEXT BOARD OF TRUSTEES MEETINGS NOV. 13-14, 2018
Posted 11/01/2018
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.