FUNDING PLAN APPROVED AT DECEMBER MEETINGSThe Ohio
Police & Fire Pension Fund Board of Trustees approved a new funding plan on Dec.
18 which will be forwarded to legislators for consideration next month. The
recommendations included in the plan range from a lower cost-of-living allowance
(COLA) for those receiving OP&F benefits to more contributions to the fund from
active and future police officers and firefighters.OP&F is scheduled to
submit the plan to the Ohio Retirement Study Council by Jan. 17 with a
presentation slated for the council’s February meeting. Elements of the plan
OP&F RECEIVES AWARD FOR PENSION STANDARDS
OP&F has received the Recognition Award for Administration for 2013 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 expectations for public retirement system management and
administration. These standards serve as a benchmark to measure public defined
benefit plans. 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).
OP&F's investment portfolio value:
Board of Trustees Committee Notes
(Motions approved by the Board are listed separately)
Next Board of Trustees Meetings: January 28-29, 2014
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