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COLUMBUS � With the implementation of pension reform legislation later this month, the September 8 meeting of the Ohio Police & Fire Pension Fund Board of Trustees marks the final assembly for three current statutory members of the Board.
According to provisions in Senate Bill 133, which will go into effect September 15, the Ohio Attorney General, the Ohio Auditor of State and the Governor�s representative will no longer serve as members of the OP&F Board. O�Neal Saunders has served as the designated representative for Attorney General Jim Petro, and James Tilling has represented Auditor Betty Montgomery. Robert Baker has served as Governor Bob Taft�s representative.
Under new guidelines, three appointed members will be individuals with professional investment experience: one each designated by the Treasurer of Ohio, the Governor, and a joint selection made by the House Speaker and Senate President.
The elected members of the Board remain the same: two active police officers, two active fire fighters, one retired police officer and one retired fire fighter. The overall size of the Board does not change.
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 52,000 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 these benefit recipients.