Monthly Board Report

January 2015 Monthly Board Report

FOUR SEATS UP FOR ELECTION ON BOARD OF TRUSTEES

OP&F members will elect four trustees to the Board during elections this spring: two active firefighters, one active police officer and a retired firefighter. The term of Board chair Scott Huff (Cleveland police) will be expiring in 2015, as will be the term of William Deighton (Cleveland fire, retired). Additionally, both active firefighter positions will be on the ballot. Currently, Daniel Desmond (Toledo fire) and Jeffrey Moore (West Chester fire) hold these positions.

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 6. Ballots will be mailed in early May and the election results announced on May 26. Election materials, including nominating petitions, certificates of eligibility and election rules are available at op-f.org.

TRUSTEES WILL CONVENE FOR ANNUAL RETREAT IN MARCH

The annual OP&F Board of Trustees Retreat will be March 5-6 at the Blackwell Inn and Conference Center in Columbus. The retreat will again focus on a wide range of topics, from health care, to investments and strategic planning. Industry experts along with OP&F consultants have presentations scheduled during the retreat.

PORTFOLIO UPDATE
OP&F's investment portfolio value:

  Current value (01/27): $14.3 billion
  End of December value: $14.4 billion
  End of November value: $14.5 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 reviewed and discussed the 4th Quarter 2014 Disability Experience Report.
  • BENEFITS: The Committee reviewed and discussed the 4th Quarter 2014 Deferred Retirement Option Plan Experience Report. Also discussed were the process and timeline of health care mailings and the timeframe for in-person member retirement interviews.
  • ADMINISTRATION/AUDIT: The Committee received updates on several projects underway during a report from OP&F’s Director of Information Services. The Committee also received the Internal Audit Report, a review on OP&F employee compensation adjustments, IRS-approved mileage rates for 2015 and the Pending and Pre-Approved Travel Report. The Committee also discussed the availability of due diligence visits to vendors and consultants.
  • INVESTMENT: In addition to the monthly portfolio update, the Committee/Board received the 3rd Quarter 2014 Real Estate Performance Report and the Private Markets Review. The Committee/Board also received an educational presentation on derivatives and their role in portfolio construction.

 

Motions:
At its January 2015 meeting, the OP&F Board of Trustees voted on the following motions:
  • At its January 2015 meeting, the OP&F Board of Trustees voted on the following motions:
  • Approved staff’s recommendation to invest €43 million (approximately $50 million) in Rhône Partners V. Motion passed by unanimous vote (Investment Committee).
  • Approved the 2015 Private Markets Investment Plan, as presented by Investment staff, Wilshire and Torrey Cove, calling for $325 million to the private markets asset class between Jan. 29, 2015 and Jan. 27, 2016. Motion passed by unanimous vote (Investment Committee).
  • Approved Investment staff’s recommended revisions to the OP&F Derivatives Policy. Motion passed by unanimous vote (Investment Committee).
  • Approved the manager rating for the MacKay Shields Opportunistic account as recommended by Investment staff. Motion passed by unanimous vote (Investment Committee).
  • Approved that the Disability Experience Report by Employer be submitted by March 1, 2015 to the appropriate public officials as presented to the Board. Motion passed by unanimous vote (Disability Committee).
  • Approved the Committee recommendations for the initial determination of disability for the 14 members as identified in the initial determination hearings list presented to the Board on Jan. 28, 2015. 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 recommendation for the appeal hearing for the three members identified in the appeals list presented to the Board on Jan. 28, 2015. Motion passed by unanimous vote (Disability Committee).
  • Approved the recommendations for Death Fund benefits for the members identified. 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 Jan. 28. 2015. Motion passed by unanimous vote (Disability Committee).
  • Approved a motion for Trustee travel as presented on Jan. 28, 2015. Motion passed by unanimous vote (Administration/Audit Committee).
  • Approved Administrative Rules as presented in staff’s memorandum on Jan. 27, 2015, and authorizes the required filing of the rules with the proper agencies. Motion passed by unanimous vote (Benefits Committee).

Next Board of Trustees Meetings: February 24-25, 2015

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.