Monthly Board Report

OP&F benefits contribute $1.8 billion to Ohio’s economy, 14,422 jobs in 2018

The economic impact of OP&F totaled more than $1.8 billion, supporting more than 14,000 jobs in 2018, according to a recently completed study.

The study, conducted by the University of Cincinnati Economic Center and commissioned by OP&F, shows that defined benefit retirement plans like OP&F are of value not only to its members, but also to the overall economy of Ohio.

In 2018, OP&F activity resulted in more than $1.832 billion in total economic output in Ohio and supported 14,322 jobs across the state. The jobs created had an average annual income of nearly $43,000. The study is available here.

Trustee election materials available on Monday, Feb. 3

Election materials for members interested in running for a seat on the OP&F Board of Trustees will be available on Monday, Feb. 3 at op-f.org and at OP&F headquarters at 140 E. Town Street in Columbus. Election materials include nominating petitions, a certificate of eligibility, election rules and other required forms for candidates.

OP&F members will elect an active police representative, an active fire representative and a retired police representative to the Board of Trustees during elections this spring. 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 by May 27. The new term for the trustees will begin June 1.

OP&F members will elect an active police representative, an active fire representative and a retired police representative to the Board of Trustees during elections this spring. 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 by May 27. The new term for the trustees will begin June 1.

PORTFOLIO UPDATE

OP&F’s investment portfolio value:

  • Current value (1/21/20): $16.42 billion
  • End of December value: $16.16 billion
  • End of November value: $16.03 billion

Board of Trustees Committee Notes

(Motions voted on by the Board are listed separately)

  • DISABILITY: In addition to the scheduled hearings and appeals, the Committee reviewed the 4th Quarter Disability Experience Report for 2019 and the 2019 Annual Disability Experience Report by Employer.
  • ADMINISTRATION/AUDIT: The Committee reviewed the 2019 Ohio Retirement Study Council Audit Report and OP&F’s Risk Management Policy. The Committee also reviewed the 2020 trustee election materials.
  • GOVERNMENTAL AFFAIRS AND POLICY: OP&F’s legislative consultant briefed the trustees on news and potential legislation at the Statehouse and discussed possible future legislation concerning OP&F. There was also discussion concerning the classification of members in Maumee and Apple Creek and the associated contributions of these members.
  • BENEFITS: The Benefits Committee reviewed the 4th Quarter 2019 Deferred Retirement Option Plan Experience Report.
  • HEALTH CARE: The Committee received a presentation from representatives of AFLAC and Boston Mutual Insurance on their available products for OP&F members. Additionally, representatives from Aon attended the meeting and presented a recap of the open enrollment season and 2019 HRA statistics.
  • INVESTMENT: Staff discussed the monthly portfolio performance update and significant cash movements. The Committee also received and discussed the Private Markets Review.

Motions:

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

  • Approved Townsend’s recommended 2020 Real Estate Investment Plan. Motion passed by unanimous vote (Investment Committee).
  • Approved Townsend’s recommended 2020 Real Assets Investment Plan. Motion passed by unanimous vote (Investment Committee).
  • Approved staff’s and Wilshire’s recommended 2020 Private Markets Investment Plan. Motion passed by unanimous vote (Investment Committee).
  • Approved staff’s and TorreyCove’s recommendation to commit up to $20 million to MBK Partners Fund V, L.P. Motion passed a vote of 7-1 (Investment Committee).
  • Approved staff’s and Wilshire’s investment manager rating recommendations for Franklin Templeton. 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 Jan. 22, 2020. Motion passed by unanimous vote (Disability Committee).
  • Approved the Committee recommendations for the initial determination of disability for the member identified in initial determination hearings list 1(b) presented to the Board on Jan. 22, 2020. Motion passed by unanimous vote (Disability Committee).
  • Approved the Committee recommendations for appeal hearings for the member identified in the appeals list presented to the Board on Jan. 22, 2020. Motion passed by unanimous vote (Disability Committee).
  • Approved the Committee recommendations for Death Fund benefits for the members identified. 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 Jan. 22, 2020. Motion passed by unanimous vote (Disability Committee).
  • Approved the 2019 Disability Experience Report by Employer and authorized staff to forward the report to the appropriate public offices. Motion passed by unanimous vote (Disability Committee).
  • Approved the Administrative Rules outlined in staff’s memorandum dated Jan. 21, 2020 and authorizes the required filing of the rules with the proper agencies. Motion passed by unanimous vote (Benefits Committee).
  • Adopted the 2019 Annual Audit Report for the Ohio Retirement Study Council. Motion passed by unanimous vote (Administration/Audit Committee).
  • Adopted the Risk Management Policy effective Jan. 21, 2020. Motion passed by unanimous vote (Administration/Audit Committee).
  • Approved the Notices of Election, the Nominating Petitions, and Certificates of Eligibility for the upcoming elections of the police employee, firefighter employee and police retiree members of OP&F’s Board of Trustees, which are in the form attached to staff’s memorandum dated Jan. 22, 2020. Motion passed by unanimous vote (Administration/Audit Committee).
  • Approved the Administration/Audit Committee’s trustee travel recommendations presented on Jan. 21, 2020. Motion passed by unanimous vote (Administration/Audit Committee).

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

Posted 2/12/2020

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.