Monthly Board Report

September 2015 Monthly Board Report

OP&F SIGNS UP TO PUT ADMINISTRATIVE EXPENSES ON TREASURER’S WEBSITE

Following a vote of the Board of Trustees on Sept. 30, OP&F announced a partnership to voluntarily participate in the OhioCheckbook.com initiative. OP&F will work with representatives of the Treasurer’s office to place administrative expenses on the website following the implementation of new a financial reporting system at OP&F. The financial system is expected to be complete by January.

“In a show of support for Treasurer Mandel's initiative, the Ohio Police & Fire Pension Fund Board of Trustees has authorized our staff to work with officials at the Treasurer's office to participate in the OhioCheckbook.com project,” stated John J. Gallagher, Jr., OP&F Executive Director. “We believe participation in this project will enhance our already comprehensive financial transparency efforts and provide a tool for increased understanding of our system."

PORTFOLIO UPDATE
OP&F's investment portfolio value:

  Current value (09/28): $13.4 billion
  End of August value: $14.0 billion
  End of July value: $14.6 billion

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

  • DISABILITY: In addition to the regularly scheduled hearings and appeals, the Disability Committee received a memo regarding the disability benefit recipients who were sent certified letters and still have not submitted the required annual earnings statement.
  • HEALTH CARE: The Board reviewed the Health Care Stabilization Fund report for the 2nd quarter of 2015. A health care plan update was given and included information about the current request for proposal for health care consulting services. The Board also received an update about the OP&F members affected who no longer have access to health care from the Ohio Public Employees Retirement System and that they will have the ability to enroll in the OP&F plan. OP&F staff is contacting these members to make sure they are aware of the options available. The UnitedHealthcare report included information on Annual Change Period mailings and a discussion on the dates and locations of the presentations throughout October. The AARP Medicare Supplemental Rate information effective April 1, 2016 was provided to the Board. No change in the rate for Plan L, and a 1.4 percent increase for Plans B and F. The Board was also provided with attendance figures for the recently concluded pre-retirement seminar sessions, where nearly 600 members and spouses attended.
  • FINANCE:  The committee received the 2nd Quarter Budget to Actual Report for 2015 and the Status of Past Due Employers Report.
  • INVESTMENT: In addition to the monthly portfolio update, the Board received and discussed the following reports: the 2nd Quarter Real Estate Performance Review; the Semi-Annual Proxy Voting Report and Semi-Annual Securities Lending Report; the 2nd Quarter Manager Compliance Report; and the Private Markets and Timberland Reports.

 

Motions:
At its September 2015 meeting, the OP&F Board of Trustees voted on the following motions:
  • At its September 2015 meeting, the OP&F Board of Trustees voted on the following motions:
  • Approved manager rating for Bridgewater’s Global Macro mandate as recommended by staff. Motion passed by unanimous vote (Investment Committee).
  • Approved Wilshire’s and staff’s recommended minimum criteria for the portable alpha manager search. Motion passed by unanimous vote (Investment Committee).
  • Approved OP&F’s voluntary participation in the Ohio Treasurer of State’s OhioCheckbook.com program to report administrative expenses once the transition to the new financial reporting system is implemented. Motion passed by a vote of 8-1 (Full Board).
  • Approved the Committee recommendations for the initial determination of disability for the 23 members as identified in the initial determination hearings list presented to the Board on Sept. 30, 2015. Motion passed by unanimous vote (Disability Committee).
  • Approved the recommendation for the appeal hearing for the members identified in the appeals list presented to the Board on Sept. 30, 2015. Motion passed by unanimous vote (Disability Committee).
  • Approved the Committee recommendation 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 Sept. 30, 2015. Motion passed by unanimous vote (Disability Committee).
  • Approved the Administrative Rules as outline in staff’s memorandum dated Sept. 29, 2015 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: October 20-21, 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.

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