Monthly Board Report

June 2014 Monthly Board Report

CLEVELAND’S HUFF NOW CHAIR OF BOARD OF TRUSTEES
Scott Huff has assumed leadership of the OP&F Board of Trustees as chair at the group’s June meeting. Huff served as the Chair Elect for the past year and was elected to the Board of Trustees in 2011. Huff is a member of the Cleveland Police Department, where he has served since 1997. He is a graduate of the University of Akron, where he earned a B.A. Business Administration. He also has current Series 7 and 65 securities licenses.

David Witner (Cuyahoga Falls fire) served as the Board’s chair for the past year. He remains a trustee, being first elected in 2010 and re-elected this spring to a new four-year term. Witner was elected Chair-Elect for 2014-15, meaning he will be in line to serve as Chair again next June. John Wainscott (retired, Cincinnati Police) will serve as the Board’s Vice Chair for 2014-15.

UPCOMING BOARD MEETINGS
The next scheduled Board of Trustees meeting will be August 26-27 (there will be no meeting in July). Also, the September Board of Trustee meetings will be to Sept. 16-17 rather than the traditional last week of the month.

PORTFOLIO UPDATE
OP&F's investment portfolio value:

  Current value (6/24): $14.5 billion
  End of May value: $14.3 billion
  End of April value: $14.3 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 2014-15 Disability Committee Schedule was also presented and the Committee/Board was informed that the Annual Earnings Statement mailing was completed in June.
  • BENEFITS: The Benefits Committee schedule for the next 12 months was presented for review by the Committee.
  • HEALTH CARE: The items discussed and reviewed included the 2014-15 Health Care Committee Schedule, a report on the Health Care Stabilization Fund for through the first quarter of 2014, and a chart of the approved health care rates for 2015. UnitedHealthcare representatives reviewed a list of prescription drug list changes and the dates and locations of the Annual Change Period seminars.
  • INVESTMENT: In addition to the monthly portfolio update, the Committee/Board received several reports, including: the 1st Quarter 2014 Net of Fees Performance Report; the 1st Quarter Private Markets Report; 1st Quarter Manager Compliance Review; 1st Quarter Timberland Report; and the Timber Portfolio Review. The Committee/Board also reviewed the 2014-15 Investment Committee Calendar along with information on potential direct lending and private markets investment opportunities.
  • FINANCE:  The Finance Committee reviewed and discussed the 1st Quarter 2014 Budget-to-Actual Report and reviewed a report on past due employers. The Committee also received the 2014-15 Finance Committee Schedule and the 1st Quarter 2014 Travel Expense Report.
Motions:
At its June 2014 meeting, the OP&F Board of Trustees voted on the following motions:
  • Approved the Investment Committee Charter, which outlines the Committee’s purpose and responsibilities. Motion passed by unanimous vote (Investment Committee).
  • Approved the 2014 Real Estate Investment Plan with no proposed changes at this time. Motion passed by unanimous vote (Investment Committee).
  • Approved the Committee recommendations for the initial determination of disability for the 11 members as identified in the initial determination hearings list presented to the Board on June 25, 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 recommendations for the appeal hearings for five of the six members identified in the appeals list presented to the Board on June 25, 2014. Motion passed by unanimous vote for five of the six members. The recommendation for Member number three’s appeal failed by a vote of 3-4 (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 June 25, 2014. Motion passed by unanimous vote (Disability Committee).
  • Approved the recommendations for Death Fund benefits for the members identified. Motion passed unanimously (Disability Committee).
  • Approved the Disability Committee Charter, which outlines the Committee’s purpose and responsibilities. Motion passed by unanimous vote (Disability Committee).
  • Approved the Finance Committee Charter, which outlines the Committee’s purpose and responsibilities. Motion passed by unanimous vote (Finance Committee).
  • Approved the Benefits Committee Charter, which outlines the Committee’s purpose and responsibilities. Motion passed by unanimous vote (Benefits Committee).
  • Approved the 2015 and 2016 dental and vision rates. Motion passed by unanimous vote (Finance Committee).
  • Approved the 2015 Discount Program and Poverty Level Guidelines as presented. Motion passed by unanimous vote (Benefits Committee).
  • Approved the 2013 ORSC Health Care Report as presented. Motion passed by unanimous vote (Benefits Committee).
  • Approved the increasing the Discount Program qualifications from 200 percent to 225 percent of the Health and Human Services income poverty level guidelines. Motion passed by unanimous vote (Benefits Committee).
  • Approved the Administrative Rules as outlined in staff’s memorandum dated June 24, 2014, and authorizes the required filing of the rules with the proper agencies. Motion passed by unanimous vote (Benefits Committee).

Next Board of Trustees Meetings: August 26-27, 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

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