Certain legislation being discussed in Ohio’s General Assembly could potentially restrict OP&F’s ability to act as a fiduciary when considering investment opportunities. The Board of Trustees will continue to follow the policies in place regarding investment decisions, and will act with the sole purpose of maximizing the return on its investments.
“A well-diversified portfolio is a strong portfolio. Consistent with the Board’s Investment Policy, our due diligence efforts and with the input of our staff and consultants, we seek to identify investments that are in the best economic interest of the portfolio. We must uphold our duty to pursue those opportunities – regardless of political disputes on certain social or environmental issues,” said Executive Director Mary Beth Foley.
OP&F members will elect three positions on the Board of Trustees this spring: an active police representative, an active fire representative and a retired fire representative. The trustees currently serving in those positions are eligible for re-election.
Eligible members who intend to run for a position on the Board of Trustees must submit all required forms and information to OP&F no later than 4 p.m. on April 3. The new term for the trustees will begin June 5.
(Motions voted on by the Board are listed separately)
DISABILITY: The Committee conducted its scheduled reviews. No Appeal Hearings were scheduled for this month.
FINANCE: The Committee reviewed and discussed the 2022 preliminary financial statements.
HEALTH CARE: Staff and OP&F health care partner, Alight, presented information on the eligibility requirements for the health care plan. The Health Care Committee schedule for 2023 was also presented.
INVESTMENT: In addition to a review and discussion of the investment portfolio, the Board heard its investment consultant present the 4th Quarter 2022 Performance Review.
FULL BOARD: Executive Director Mary Beth Foley welcomed Alex Strickmaker from the Ohio Retirement Study Council and Ethan West from the Ohio Treasurer of State who were in attendance at the meeting.
At its February/March 2023 meeting, the OP&F Board of Trustees approved the following motions:
NEXT BOARD OF TRUSTEES MEETINGS: April 25-26, 2023
The next scheduled elections for the OP&F Board of Trustees will be in the spring of 2023. Updated information on these elections will be posted in February 2023.
OP&F encourages you to come to our monthly board meetings. Board agendas and minutes can be viewed by clicking the link below.
Please click the links below to view Committee Assignments and Board Members.