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:
Current value (9/25/18): | $15.9 billion | |
End of Aug. value: | $16.0 billion | |
End of July value: | $15.9 billion |
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:
NEXT BOARD OF TRUSTEES MEETINGS OCT. 23-24, 2018
Posted 10/03/2018
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.