Monthly Health Care video addresses Connector

In March we created a video feature in which we answer health care-specific questions sent in by our members. This series will feature OPERS Health Care Director Marianne Steger and will appear monthly, at least through 2014.

You can click here to access the second video, which addresses member questions about the upcoming OPERS Medicare connector.

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OPERS forum focuses on corporate governance

Effective governance within corporations can benefit institutional investors such as pension systems, say company executives and corporate governance experts.

During the 2014 OPERS Corporate Governance Forum, held in March at Ohio Public Employees Retirement System headquarters, participants said that engaging companies in corporate governance is on the rise.

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Pensions weigh heavily in retirement confidence

More Americans are confident about being able to retire comfortably, especially if they have a retirement plan, a new survey states.

The 2014 Retirement Confidence Survey, by the Employee Benefit Research Institute, states that 18 percent of respondents are very confident about having enough money for their retirement, vs. 13 percent who said so last year. Retirement confidence had waned from 2009-13, following the Great Recession.

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Emerging manager program off to strong start

With more than $88 billion in assets, the Ohio Public Employees Retirement System often uses the services of large investment managers.

But OPERS also employs smaller, emerging managers when they offer quality, services and risk/reward comparable to other managers.

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Annual statements available to OPERS members

The Ohio Public Employees Retirement System has begun mailing annual statements to active members and re-employed retirees this week, with a new format that offers several improvements designed to summarize members’ accounts.

OPERS has recorded a video that is helpful in learning to navigate the new statements. Click here to watch it.

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Disability report reflects recent program changes

Disability benefit applications and approvals declined last year as the Ohio Public Employees Retirement System began to implement significant changes to the program.

The goals of the OPERS Board of Trustees are to provide disability benefits to eligible members who truly need them, have a program that is consistent with industry practices, encourage members to use the appropriate retirement vehicle and return people to work.

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Study: Ohio average in issues facing retirees

Ohio finished mid-pack among states in preparing for challenges that future retirees will face, states a report by the National Institute on Retirement Security.

The Financial Security Scorecard: A State-by-State Analysis of Economic Pressures Facing Future Retirees compares the relative performance of the 50 states and the District of Columbia in three areas: anticipated retirement income, major retirement costs such as housing and health care, and labor market conditions for older workers.

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Monthly chat to cover timely health care topics

Retiree health care is always among the most-popular issues that we cover in our PERSpective blog.

So we’ve created a video feature in which we address health care-specific questions sent in by our members. This series will feature OPERS Health Care Director Marianne Steger and will appear monthly, at least through 2014.

You can click here to access the first video, which we’ve split into two segments. In Part 1, we discuss upcoming changes taking place in the health care coverage. In Part 2, Steger addresses specific member questions.

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Steady course best for pension systems

Our blog about the 2013 investment earnings of the Ohio Public Employees Retirement System has raised interesting questions about when retirement systems might consider changes to their pension benefits and health care coverage.

Last year, OPERS earned 13.9 percent on its investments, boosting the overall portfolio to a record $88.6 billion. It was among our top 10 annual returns since we began operating in 1935.

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OPERS investments returned 13.9 percent in 2013

The Ohio Public Employees Retirement System earned 13.9 percent on its investments last year, boosting its overall portfolio to a record $88.6 billion, surpassing the $83.6 billion reached in 2007.

The return achieved in 2013 is among the top 10 annual investment returns in OPERS’ history.

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Posted in Benefits, DB plans, Health Care, Investments, Pension Reform, Pensions | Tagged , , , , , | 32 Comments