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COLUMBUS, Ohio – The Ohio Police & Fire Pension Fund (OP&F) has received the Recognition Award for Administration for 2008 from the Public Pension Coordinating Council (PPCC). The award is in recognition of meeting professional standards for plan administration as set forth in the Public Pension Standards. The Public Pension Standards were established in 2002 to reflect minimum expectations for public retirement system management and administration. The Standards serve as a benchmark by which to measure public defined benefit plans.
“OP&F is honored to receive this award from the PPCC. We believe it emphasizes our dedication of managing resources responsibly while providing excellent benefits to our members,” said William J. Estabrook, OP&F Executive Director. “We take pride in our high ethical standards and the confirmation of the strength and stability of OP&F operations.”
The PPCC’s goals are to coordinate the legislative efforts of its organizations, to promote excellence in plan design and administration, and to conduct periodic surveys of state and local retirement systems. The PPCC is composed of executive officers from three national associations serving state and local government retirement system administrators: the National Association of State Retirement Administrators (NASRA), the National Conference on Public Employee Retirement Systems (NCPERS), and the National Council on Teacher Retirement (NCTR).
Created in 1965 as a result of an act passed by the Ohio General Assembly, OP&F is a multi-employer pension fund serving more than 53,000 members. OP&F provides pension, disability, and survivor benefits to Ohio’s full-time police officers and firefighters and their eligible beneficiaries and sponsors health care benefits for eligible benefit recipients.