2023 Annual Report - OPERS

The management of the Ohio Public Employees Retirement System (OPERS or System) offers readers of the System’s financial statements this narrative overview of the financial activities of OPERS for the year ended December 31, 2023.

CouponFollow Extension

8%
OFF

Ohio’s Public Pension Funds Have $234B Invested. Here’s How They …

3 weeks from now

Mar 8, 2021 · The rate of returns range from a high of 8% at Ohio Police & Fire Pension Fund to a low of 6% for the Ohio Public Employees Retirement System health care fund. In 2020, each …

daytondailynews.com

$30
OFF

Ohio Public Employee Pension Funds Lose More Than $30 Million In ...

3 weeks from now

Mar 16, 2023 · The School Employees Retirement System, which serves bus drivers, cafeteria workers and other non-teacher staff, calculated that it lost $929,000 in the bank fiasco.

yahoo.com

$32
OFF

Ohio Public Pension Funds Lost $32B In 2022 - PressReader

3 weeks from now

Feb 28, 2023 · The biggest loss occurred with the biggest system, Ohio Public Employees Retirement System, which lost $19.7 billion. OPERS serves 1.2 million workers and retirees. …

pressreader.com

$1.71
OFF

Public Employees Retirement System Of Ohio Takes $1.71 Million …

3 weeks from now

Dec 19, 2024 · Public Employees Retirement System of Ohio acquired a new stake in shares of National Grid plc (NYSE:NGG – Free Report) in the third quarter, according to the company in …

etfdailynews.com

$80
OFF

Ohio Attorney General Sues Software Company Over $80 Million In …

3 weeks from now

Nov 18, 2024 · Yost filed a motion last week asking that Ohio be named lead plaintiff in a securities class-action lawsuit claiming that ZoomInfo Technologies Inc. deliberately misled …

rivernews.org

$32
OFF

Ohio Public Pension Funds Lost $32 Billion In 2022 - The Columbus …

3 weeks from now

Feb 27, 2023 · The biggest loss occurred with the biggest system, Ohio Public Employees Retirement System, which lost $19.7 billion. OPERS serves 1.2 million workers and retirees.

dispatch.com

FAQs about 2023 Annual Report - OPERS Coupon?

Should a public pension increase employer contributions in Ohio?

Most changes to public pension benefits require legislative approval in Ohio. Ohio Public Employees Retirement System Director Karen Carraher on Tuesday recommended asking lawmakers to let the fund increase employer contributions to 18%, up from the current 14%, for most workers and boost them higher for law enforcement workers. ...

How much money did the Ohio Police & Fire Pension Fund lose?

Ohio Police & Fire Pension Fund lost $1.74 billion, which was 9.04% of the portfolio. It serves nearly 60,000 active and retired police and firefighters. School Employees Retirement System lost $949 million, which was 4.89% of its portfolio. It serves 236,000 non-teacher school employees including bus drivers and cafeteria workers. ...

Does the Ohio Police & Fire Pension Fund cover first responders?

Ohio Police & Fire Pension Fund doesn't represent all first responders. Some law enforcement employees are covered by Ohio Public Employees Retirement System. Carraher recommended that the employer contribution rate for police and fire be the same across both pension systems. ...

Will OPERS raise employer contribution rates?

OPERS is the latest pension fund to signal that it'll lobby for higher employer contribution rates. What are plans for teacher, police and fire funds? State Teachers Retirement System plans to ask for a law change to require school districts to contribute 18% of payroll to pensions, up from the current 14%. ...

Did a decade ago change public pensions?

A decade ago, lawmakers approved sweeping changes to public pensions that required employees to work longer for fewer benefits. Laura Bischoff is a reporter for the USA TODAY Network Ohio Bureau, which serves the Columbus Dispatch, Cincinnati Enquirer, Akron Beacon Journal and 18 other affiliated news organizations across Ohio. ...

How much would a higher employer contribution rate cost OPERS?

The rate increases could be phased in over time. For the largest single employer in OPERS, Ohio State University, the change would cost an additional $34 million a year, according to the pension fund's analysis. OPERS is the latest pension fund to signal that it'll lobby for higher employer contribution rates. ...