Monthly Board Report

PRE-RETIREMENT AND HEALTH CARE SEMINARS UPDATES
The Pre-Retirement Seminars for 2018 have concluded. Approximate attendance numbers for the six meetings were 720 attendees.
The Aon health care meetings have concluded for 2018. Approximate attendance numbers for 25 meetings were 8,113 attendees.
For those who could not attend, webinars are available on Thursday Sept. 27 and Wednesday Oct. 3. There is a possibility that a third webinar may be added. OP&F members can go to the OP&F website for more information.

OP&F ACTUARY TO BE CHOSEN IN OCTOBER
At the September 26 Board meeting, actuaries Segal Consulting and Cavanaugh McDonald Consulting presented to the Board. With input from OP&F staff, the Board intends to decide between the two for actuarial services at the October Board meeting.

FOLLOW OP&F ON SOCIAL MEDIA
A reminder that OP&F is now on social media. Follow Facebook, Twitter and OP&F’s YouTube channel to receive the latest news, informational videos and health care information. Links to these locations are on the OP&F website.

BOARD REPORT NEWSLETTER NOW EMAILED
OP&F transitioned to an email-only delivery of the Board Report newsletter in August 2018. However, the Board Report is still available on the OP&F website as it was before. To continue to receive the Board Report, please forward your most current email address to OP&F.

BOY SCOUT FLAG RAISING CEREMONY TOOK PLACE AT OP&F MEMORIAL PARK
On Sept. 10, members of three Boy Scout Troops raised new United States and Ohio flags over the OP&F Memorial Park. In what is intended to be an annual event, 18 Boy Scouts participated in lowering the old flags and raising the new flag, joined by OP&F team members.

PORTFOLIO UPDATE
OP&F's investment portfolio value:

Board of Trustees Committee Notes
(Motions voted on by the Board are listed separately)

DISABILITY: In addition to the regularly scheduled hearings and appeals, the Committee reviewed the Status of the Annual Earnings Statements report.
HEALTH CARE: The Board received an update and Aon presentation on the 2019 retiree health care transition, including the September meetings and discussed the upcoming timeline of events. The Board reviewed reports on the 2nd quarter Health Care Stabilization Fund, Net Costs and the Buck Consultants report on prescription drug and Medicare D comparisons. The Board also answered questions from members in attendance.
INVESTMENT: In addition to the monthly portfolio performance update, the Board received the 2nd Quarter Private Market Report.

Motions:

At its September 2018 meeting, the OP&F Board of Trustees approved the following motions:

• Approved staff’s recommended revisions to the Ohio Qualified Broker Policy (Investment Committee).
• Approved staff’s recommended revisions to the Ohio Qualified Manager Policy (Investment Committee).
• Approved Townsend’s recommended ratings for OP&F’s real estate investment managers (Investment Committee).
• Approved Staff’s and Wilshire’s investment manager rating recommendations for the Bridgewater Global Macro mandate and the MacKay Shields High Yield Active Core mandate (Investment Committee).
• Approved Staff’s recommended ratings for OP&F’s private credit managers (Investment Committee).
• Approved the Committee recommendation for the Disability Committee Minutes for August 21, 2018 (Disability Committee).
• Approved the Committee recommendation for the two Death Benefit Fund cases (Disability Committee).
• Approved the Committee recommendation for the fifteen initial determination hearings and four were recommended for denial (Disability Committee).
• Approved the Committee recommendation for the one reconsideration stay the same (Disability Committee).
• Approved the Committee recommendation for the five members as identified in the appeals list (Disability Committee).
• Approved the Committee recommendation for waiving the mandatory reporting of earnings statements for the members identified in the reporting waivers list (Disability Committee).
  

  NEXT BOARD OF TRUSTEES MEETINGS OCT. 23-24, 2018

  Posted 10/03/2018