Each year the Ohio Public Employees Retirement System writes a new plan to guide our investments for the year.
The 2014 OPERS Investment Plan outlines the strategies, asset allocation and asset class strategies for our Defined Benefit Fund and our Health Care Fund. Performance and risk expectations are part of the plan, which you can click here to read.
In this video available on our YouTube channel, OPERS Chief Investment Officer John Lane and trustee Bob Smith, who chairs the board’s Investment Committee, discuss the importance of having an annual investment plan and what this year’s has in store for OPERS.
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.
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.
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.
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.
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.
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.
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.
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.
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.