BOARD WILL LIKELY VOTE ON MORE HEALTH CARE CHANGES THIS SPRING
Much of the discussion at the Ohio Police & Fire Pension Fund Board of Trustee
Spring Retreat focused on the future of the retiree health care plan. Both
actuarial and health care consultants delivered presentations to the Board that
showed that without significant changes that funding will be exhausted in less
than 10 years. Options were presented to the Board that could extend the life of
the health care plan up to 15 years. The Board will examine these options and
likely vote on changes before summer, with an effective date targeted for Jan.
1, 2019. Funding for a retiree health care plan beyond 15 years is likely not
available without a significant new funding stream dedicated to health care.
OP&F SURPASSES INVESTMENT RETURN ASSUMPTION FOR 2016
investment consultant, Wilshire Associates, reported that net of fees investment
return for 2016 was 10.9 percent. The report was given during the Board of
Trustees meeting on Feb. 22. The assumed rate of return on investments is 8.25
percent. The investment portfolio was valued at $14.45 billion on Dec. 31, 2016,
and most recently was valued at $14.8 billion.
OP&F's investment portfolio value:
Board of Trustees Committee Notes
(Motions approved by the Board are listed separately)
NEXT BOARD OF TRUSTEES MEETINGS: March 28-29, 2017
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