Board of Trustees News

Pre-Retirement meetings to be webinars this year

OP&F will still be providing information to members approaching retirement this year, just in a different format. Instead of the seminars usually held around the state, OP&F will host online webinars this year. Ongoing concerns with the global pandemic prevent the in-person meetings, but the same important information will be available from the safety and comfort of the members’ homes. The webinars are expected to be in October, with dates and times to be announced. Active OP&F members who are within five years of retirement eligibility will receive invitations with details on the webinars.

PORTFOLIO UPDATE

OP&F’s investment portfolio value:

  • Current value (6/16/20):$15.1 billion
  • End of May value: $14.9 billion
  • End of April value: $14.8 billion

Board of Trustees Committee Notes

(Motions voted on by the Board are listed separately)

  • DISABILITY: The Committee conducted its scheduled hearings and appeals, which took place in executive session.
  • INVESTMENT: Staff discussed the monthly portfolio performance update and significant cash movements. The Committee also reviewed the Private Credit Investment Policy, the 2020-21 Private Credit Investment Plan and the scheduled reviews of Real Assets managers.

Motions:

At its June 2020 meeting, the OP&F Board of Trustees approved the following motions:

  • Approved a recommendation from staff and consultant to commit up to $50 million to Crayhill Principal Strategies Fund II. Motion passed by a vote of 6-3 (Investment Committee).
  • Approved the Private Credit Investment Policy as presented on June 16, 2020. Motion passed by unanimous vote (Investment Committee).
  • Approved the 2020-21 Private Credit Investment Plan as presented on June 16, 2020. Motion passed by unanimous vote (Investment Committee).
  • Accepted the rating recommendations of Townsend for the real asset investment managers as presented on June 16, 2020. Motion passed by unanimous vote (Investment Committee).
  • Approved the Committee recommendations for the initial determination of disability for the members as identified in the initial determination hearings list presented to the Board on June 16, 2020. Motion passed by unanimous vote (Disability Committee).
  • Approved the Committee recommendations for appeal hearings for the members identified in the appeals list presented to the Board on June 16, 2020. Motion passed by unanimous vote (Disability Committee).
  • Approved the Committee recommendation to waive mandatory medical evaluation and filing of annual earnings statements for future years for the members identified in the disability reporting waivers list presented to the Board on June 16, 2020. Motion passed by unanimous vote (Disability Committee).
  • Approved the Administrative Rule outlined in staff’s memorandum dated June 16, 2020, and authorizes the required filing of the rule with the proper agencies as presented on June 16, 2020. Motion passed by unanimous vote (Full Board).
  • Approved the 2019 Health Care Report in the form presented on June 16, 2020, and authorizes the staff to forward the report to the appropriate public officials in accordance with the Ohio Revised Code. Motion passed by unanimous vote (Full Board).

NEXT BOARD OF TRUSTEES MEETINGS: Aug. 25-26, 2020

Posted 6/29/2020


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Monthly Board Report

Board of Trustee Elections

In 2020, OP&F will hold elections for three positions on the Board of Trustees; a retired police representative, an active police representative and an active fire representative.

Board and Committee Meetings

OP&F encourages you to come to our monthly board meetings. Board agendas and minutes can be viewed by clicking the link below.

Board Members and Committee Assignments

Please click the links below to view Committee Assignments and Board Members.