Monthly Board Report

RETIREE HEALTH CARE TRANSITION MOVING FORWARD

September will be a busy month for OP&F, its health care partner, Aon and retired members. Aon will mail enrollment information to OP&F retirees beginning Sept. 4. Open enrollment dates and deadlines will be included in the mailing, both for OP&F retirees who are in Medicare and pre-Medicare retirees.

Additionally, OP&F and Aon will sponsor 23 health care meetings around Ohio in September to explain and discuss the OP&F health care stipend and the process of enrolling in a new plan for 2019. To register for one of these meetings, follow the link to the Aon website from OP&F’s homepage, then select the Attend a Meeting link in the upper right corner of the page.

OP&F’s self-insured group health care plan for retirees will end Dec. 31, 2018. In its place, OP&F will provide a stipend to eligible retirees help pay the cost of a new plan of their choice from the Aon Health Exchange. Aon will assist the retirees in choosing a plan that best fits the needs of each individual.

Webinars available for those unable to attend health care meeting in person

If you’re unable to attend a meeting in person, consider joining an online webinar. Please plan to join the webinar 15 minutes before start time, and simply follow these steps:

1. Visit webex.com
2. Select Join from the upper right area of the screen
3. Enter the meeting number, your name and email
4. If a meeting password is requested, enter OPF

To access the webinar conference line:
• Call: 866-692-5721
• When prompted, enter the participant passcode: 254 367 24.
• Please do not select “Join Video” when prompted.

PORTFOLIO UPDATE
OP&F's investment portfolio value:

  Current value (8/21/18): $15.9 billion
  End of July value: $15.9 billion
  End of June value: $15.7 billion

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

  • DISABILITY: In addition to the regularly scheduled hearings and appeals, the Committee reviewed the Disability Exam Satisfaction Survey results from the first half of 2018, and discussed the 2nd quarter Disability Experience Report.
  • BENEFITS: The Benefits Committee discussed the 2nd quarter Deferred Retirement Option Plan (DROP) Experience Report.
  • ADMINISTRATION/AUDIT: The Committee received updates on projects in the Business and Technology Solutions Department and also received a report on Internal Audit Activity through Aug. 6, 2018.
  • HEALTH CARE: The Board received an update on the 2019 retiree health care transition, including the September meeting schedule and upcoming timeline of events. The Board also answered questions from members in attendance.
  • GOVERNMENT AFFAIRS AND POLICY: The Committee heard updates on and discussed several pending bills at the Ohio Statehouse concerning OP&F and state pension business.
  • INVESTMENT: In addition to the monthly portfolio performance update, the Board received reports on the 2nd quarter investment performance and 1st quarter performance reports on both the real estate and real assets portfolios. The Board and staff also discussed the 2017 Private Investments Audit Report.
  • FINANCE: The Committee was presented the 2nd quarter Budget-to-Actual Report and also the Review of Past Due Employers.

Motions:

At its August 2018 meeting, the OP&F Board of Trustees approved the following motions:

  • Approved the investment manager rating recommendations for Macquarie Investment Management, Harvest Capital Advisors, Salient Partners, Tortoise Capital Advisors and MacKay Shields (Opportunistic High Yield). Motion passed by unanimous vote (Investment Committee).
  • Approved staff’s revised Investment Manager Guidelines for Harding Loevner International Equity. Motion passed by unanimous vote (Investment Committee).
  • Approved staff’s rating recommendations for OP&F’s private markets managers. 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 Aug. 21, 2018. 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 Aug. 21, 2018. Motion passed by unanimous vote, with the exception of one abstention in the votes for member #3 and member #4 (Disability Committee).
  • Approved the Committee recommendation for reconsideration for the members identified in the reconsideration hearings list. Motion passed by unanimous vote (Disability Committee).
  • 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. 21, 2018. Motion passed by unanimous vote (Disability Committee).
  • Approved the Administrative Rules outlined in staff’s memorandum dated Aug. 21, 2018, and authorizes the required filing of the rules with the proper agencies. Motion passed by unanimous vote (Benefit Committee).
  • Approved the motion to pre-approve trustee travel expenses as outlined in staff’s memorandum dated Aug. 21, 2018. Motion passed by unanimous vote (Finance Committee).

    NEXT BOARD OF TRUSTEES MEETINGS SEPT. 25-26, 2018

    Posted 8/29/2018

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.