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APPOINTED TRUSTEES COMPLETE TERMS
Two of the three appointed members of the OP&F Board of Trustees have completed their four-year terms and the third will finish his term in December. In addition to the six elected members of the Board, three “investment expert” members are appointed as trustees: one by the Governor, one by the Treasurer of State and one as a joint appointment by the Ohio House of Representatives and Ohio Senate.
The term for the Governor’s representative, Robert Baker (Cleveland), expired in September. The term for the General Assembly’s representative, Gerald Williams (Columbus), expired following OP&F’s October Board meetings and the term of the Treasurer of State’s representative, David Gelbaugh (Columbus), will expire in December. New appointees have yet to be named.
NOVEMBER BOARD MEETING SCHEDULED FOR NOVEMBER 25
The November 2008 Board of Trustees meeting will be held on Tuesday, November 25. The meeting (usually held on Wednesday mornings) will now take place following the disability appeals hearings at approximately 3 p.m. Committee meetings of the Board of Trustees will take place as scheduled on Monday, November 24.
BLUE LIGHT CEREMONY HELD IN MEMORIAL PARK NOVEMBER 8
OP&F’s Memorial Park will again be the site of the annual Blue Light Remembrance ceremony on Saturday, November 8. The event will begin at approximately 7:45 p.m. and is organized by Concerns of Police Survivors (COPS). The Blue Light ceremony honors police officers who have died in the line of duty.
1/1/2008 ACTUARIAL VALUATION SHOWS IMPROVEMENT IN FUNDING RATIO
OP&F’s actuarial consultant presented the annual Actuarial Valuation to the Board of Trustees at their meeting on October 28. The study revealed that OP&F’s funded ratio improved to 81.7 percent from 78.2 percent the previous year. The valuation was based on OP&F’s assets and liabilities as of January 1, 2008.
BOARD OF TRUSTEE COMMITTEE NOTES
(Actions approved by the Board are listed separately)
At its October 29, 2008 meeting, the OP&F Board of Trustees passed the following motions: