Monthly Board Report

August 2014 Monthly Board Report

PRE-RETIREMENT SEMINARS BEGIN IN SEPTEMBER
OP&F’s annual Pre-Retirement Seminar series will begin Sept. 22 in Dayton. OP&F will host six seminars around Ohio to assist members who are approaching retirement eligibility or considering enrolling in the Deferred Retirement Option Plan (DROP).

The OP&F Pre-Retirement Seminars are conducted to describe pension benefits available to members and their dependents upon retirement. OP&F will present information on DROP and survivor benefits. Each seminar begins at 7 p.m. and lasts approximately two hours. Active members who are eligible for retirement or DROP within the next five years were mailed an invitation with additional seminar information.

WAINSCOTT SERVING AS BOARD’S VICE CHAIR
John Wainscott (retired, Cincinnati Police) was nominated and accepted the position of vice chair on the OP&F Board of Trustees at the group’s August meetings, which concluded Aug. 27. Wainscott is currently serving his first four year term as a trustee after being elected in June 2012.

PORTFOLIO UPDATE
OP&F's investment portfolio value:

  Current value (8/26): $14.6 billion
  End of July value: $14.4 billion
  End of June value: $14.7 billion

Board of Trustees Committee Notes
(Motions approved by the Board are listed separately)

  • DISABILITY: The Committee/Board reviewed disability cases in addition to the regularly scheduled hearings and appeals. The Committee/Board also reviewed the 2nd Quarter 2014 Disability Experience Report. The Committee/Board heard a presentation on law enforcement suicides presented by Fraternal Order of Police representatives.
  • BENEFITS: The Benefits Committee reviewed and discussed the 2nd Quarter 2014 Deferred Retirement Option Plan Experience Report.
  • HEALTH CARE: Items discussed and reviewed included an update from UnitedHealthcare on its wellness programs, dental and vision buy-ups and an eligibility review for the AARP supplemental coverage. Staff presented an overview of health care program changes and enhancements in the past 10 years along with proposed changes. The Committee also reviewed the Health Care Discount Program process and received an update on the Medicare Part D attestation for the 2015 plan year.
  • INVESTMENT: In addition to the monthly portfolio update, the Committee/Board received reports on the 1st quarter 2014 real estate performance and the 2nd quarter 2014 overall investment portfolio performance. Staff and Wilshire also discussed a potential closed-universe search for a levered Global Inflation Protected Securities manager and reviewed the manager structure of the Master Limited Partnership asset class.
  • ADMINISTRATION/AUDIT: The Committee received the Information Services Report and also the Internal Audit Report. The Information Services Report included updates on the following projects: The V3 Browser, Service Credit Purchases, Employer-Self Service, the security assessment RFP, Vitech co-development and the search process for the new Information Services Director. The Internal Audit report included updates on the 2014-15 audit schedule and also a presentation on the UnitedHealthcare audit from Advanced Pharmacy Concepts.
Motions:
At its August 2014 meeting, the OP&F Board of Trustees voted on the following motions:
  • Approved staff and consultant’s recommendation to commit $40 million to NGP Natural Resources XI. Motion passed by a vote of 8-1 (Investment Committee).
  • Approved manager ratings for the private markets managers as recommended by staff. Motion passed by unanimous vote (Investment Committee).
  • Approved staff’s recommendation to commit $75 million to Tennenbaum Enhanced Yield Strategy. Motion passed by unanimous vote (Investment Committee).
  • Approved staff’s recommended manager ratings for Pyramis ACWI ex-U.S., MacKay - Opportunistic, MacKay - Active Core, PENN, and OP&F’s MLP managers and approved the updated rating recommendation for Thornburg as further discussed. Motion passed by unanimous vote (Investment Committee).
  • Approved the Committee recommendations for the initial determination of disability for the 20 members as identified in the initial determination hearings list presented to the Board on Aug. 27, 2014. Motion passed by unanimous vote (Disability Committee).
  • Approved the determination for reconsiderations for the members identified. Motion passed by unanimous vote (Disability Committee).
  • Approved the determination for Death Benefit Fund and Death Benefit Fund reconsideration hearings for the members identified. Motion passed by unanimous vote (Disability Committee).
  • Approved the recommendations for the appeal hearings for five of the six members identified in the appeals list presented to the Board on Aug. 27, 2014. Motion passed by a vote of 6-0 with two abstentions for five of the six members. The recommendation for Member number two’s appeal failed by a vote of 0-6 (Full Board).
  • Waived the 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 Aug. 27, 2014. Motion passed by unanimous vote (Disability Committee).
  • Approved the Administration/Audit Committee Charter as presented on Aug. 26, 2014. Motion passed by unanimous vote (Administration/Audit Committee).
  • Approved the Board Governance Policy Manual as presented on Aug. 26, 2014. Motion passed by unanimous vote (Administration/Audit Committee).
  • Approved trustee travel recommendations as presented on Aug. 26, 2014. Motion passed by unanimous vote (Administration/Audit Committee).
  • Approved the Administration Rules as outlined in staff’s memorandum dated Aug. 26, 2014, and authorizes the required filing of the rules with the proper agencies. Motion passed by unanimous vote (Administration/Audit Committee).

Next Board of Trustees Meetings: September 16-17, 2014

Previous Reports

Monthly Report For August 2020
- Posted September 02, 2020
Monthly Report for June 2020
- Posted June 29, 2020
Monthly Report for February 2020
- Posted March 06, 2020
Monthly Report for January 2020
- Posted February 12, 2020
Monthly Report for December 2019
- Posted December 23, 2019
Monthly Report for October 2019
- Posted October 30, 2019
Monthly Report for September 2019
- Posted October 04, 2019
Monthly Report for August 2019
- Posted September 27, 2019
Monthly Report for June 2019
- Posted July 17, 2019
Monthly Report for May 2019
- Posted June 07, 2019
Monthly Report for April 2019
- Posted May 08, 2019
Monthly Report for March 2019
- Posted March 28, 2019
Monthly Report for February 2019
- Posted March 08, 2019
Monthly Report for January 2019
- Posted February 01, 2019
Monthly Report for December 2018
- Posted December 27, 2018
Monthly Report for November 2018
- Posted November 21, 2018
Monthly Report for October 2018
- Posted November 01, 2018
Monthly Report for September 2018
- Posted October 03, 2018
Monthly Report for August 2018
- Posted August 29, 2018
Monthly Report for June 2018
- Posted June 27, 2018
Monthly Report for May 2018
- Posted May 31, 2018
Monthly Report for April 2018
- Posted May 02, 2018
Monthly Report for March 2018
- Posted April 04, 2018
Monthly Report for February/March 2018
- Posted March 07, 2018
Monthly Report for January 2018
- Posted January 30, 2018
Monthly Report for December 2017
- Posted December 19, 2017
Monthly Report for November 2017
- Posted November 29, 2017
Monthly Report for October 2017
- Posted November 01, 2017
Monthly Report for September 2017
- Posted October 03, 2017
Monthly Report for August 2017
- Posted September 14, 2017
Monthly Report for June 2017
- Posted July 11, 2017
Monthly Report for May 2017
- Posted May 23, 2017
Monthly Report for March 2017
- Posted April 07, 2017
Monthly Report for February 2017
- Posted March 08, 2017
Monthly Report for January 2017
- Posted February 01, 2017
Monthly Report for December 2016
- Posted December 20, 2016
Monthly Report for November 2016
- Posted November 21, 2016
Monthly Report for October 2016
- Posted October 28, 2016
Monthly Report for September 2016
- Posted October 05, 2016
Monthly Report for August 2016
- Posted September 07, 2016
Monthly Report for June 2016
- Posted July 06, 2016
Monthly Report for May 2016
- Posted May 25, 2016
Monthly Report for April 2016
- Posted May 04, 2016
Monthly Report for March 2016
- Posted April 08, 2016
Monthly Report for February 2016
- Posted March 02, 2016
Monthly Report for January 2016
- Posted January 27, 2016
Monthly Report for December 2015
- Posted December 22, 2015
Monthly Report for November 2015
- Posted November 22, 2015
Monthly Report for October 2015
- Posted October 27, 2015
MONTHLY REPORT for September 2015
- Posted October 06, 2015
MONTHLY REPORT for August 2015
- Posted September 01, 2015
MONTHLY REPORT for June 2015
- Posted June 30, 2015
MONTHLY REPORT for May 2015
- Posted May 28, 2015
MONTHLY REPORT for January 2015
- Posted February 04, 2015
MONTHLY REPORT for April 2015
- Posted May 07, 2015
MONTHLY REPORT for March 2015
- Posted April 01, 2015
MONTHLY REPORT for February 2015
- Posted March 03, 2015
MONTHLY REPORT for November 2014
- Posted November 25, 2014
MONTHLY REPORT for October 2014
- Posted November 05, 2014
MONTHLY REPORT for September 2014
- Posted September 23, 2014
MONTHLY REPORT for August 2014
- Posted September 02, 2014
MONTHLY REPORT for June 2014
- Posted July 02, 2014
MONTHLY REPORT for May 2014
- Posted May 28, 2014
MONTHLY REPORT for April 2014
- Posted May 09, 2014
MONTHLY REPORT for March 2014
- Posted April 04, 2014
MONTHLY REPORT for February 2014
- Posted March 05, 2014
MONTHLY REPORT for December 2013
- Posted December 30, 2013
MONTHLY REPORT for November 2013
- Posted December 02, 2013
MONTHLY REPORT for September 2013
- Posted October 02, 2013
MONTHLY REPORT for August 2013
- Posted September 04, 2013
MONTHLY REPORT for April 2013
- Posted May 01, 2013
MONTHLY REPORT for May 2013
- Posted June 10, 2013
MONTHLY REPORT for March 2013
- Posted April 03, 2013
MONTHLY REPORT for February 2013
- Posted March 07, 2013
MONTHLY REPORT for January 2013
- Posted February 06, 2013
MONTHLY REPORT for December 2012
- Posted December 18, 2012
MONTHLY REPORT for November 2012
- Posted November 21, 2012
MONTHLY REPORT for October 2012
- Posted November 05, 2012
MONTHLY REPORT for September 2012
- Posted October 05, 2012
MONTHLY REPORT for July 2012
- Posted August 01, 2012
MONTHLY REPORT for June 2012
- Posted July 03, 2012
MONTHLY REPORT for May 2012
- Posted June 06, 2012
MONTHLY REPORT for April 2012
- Posted May 01, 2012
MONTHLY REPORT for March 2012
- Posted April 04, 2012
MONTHLY REPORT for February 2012
- Posted February 29, 2012
MONTHLY REPORT for January 2012
- Posted February 01, 2012
MONTHLY REPORT for December 2011
- Posted December 20, 2011
MONTHLY REPORT for September 2011
- Posted December 15, 2011
MONTHLY REPORT forOctober 2011
- Posted December 16, 2011
MONTHLY REPORT for November 2011
- Posted December 19, 2011
MONTHLY REPORT for July 2011
- Posted July 01, 2011
MONTHLY REPORT for June 2011
- Posted June 01, 2011
MONTHLY REPORT for May 2011
- Posted May 01, 2011
MONTHLY REPORT for April 2011
- Posted April 01, 2011
MONTHLY REPORT for March 2011
- Posted March 01, 2011
MONTHLY REPORT for February 2011
- Posted February 01, 2011
MONTHLY REPORT for January 2011
- Posted January 01, 2011



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.