The Ohio Public Employees Retirement System has released the 2012 Comprehensive Annual Financial Report, which contains important financial, investment, actuarial and statistical information about our system.
The theme of this year’s CAFR is “A Bright Future – Six Keys to a Secure Retirement.” In it you’ll find descriptions of how we do business, such as making key investments and strengthening the health care plan, in addition to many pages of statistics regarding your retirement system.
We’ve also released the 2012 Summary Annual Financial Report, which presents a snapshot of our assets, investment returns and member information. Both reports are now available on the OPERS website, and you can follow the links to read them.
Here are some of the facts you’ll find in the 2012 financial reports:
- OPERS had 1,006,154 members on Dec. 31, 2012.
- The system had total investments of $81.4 billion on Dec. 31, 2012. The value of the Defined Benefit Fund was $67.7 billion; the Health Care Fund stood at $12.8 billion, and OPERS had assets of $830.8 million in the Member-Directed and Combined Plans.
- OPERS paid $4.6 billion in pension benefits and $1.6 billion in covered health care expenses last year.
- More than 90 percent of our retirees and their beneficiaries remain in Ohio after retirement, and OPERS paid $4.2 billion to them in benefits.
- For every dollar received from employers in 2012, we returned $3.49 to the economy through pension and health care payments to retirees.
- OPERS has $6.1 billion under management with Ohio-qualified investment managers.
- The average annual benefit paid to retirees at Dec. 31, 2011 was $22,878.
- OPERS had 190,621 retirees at the end of last year, an increase of 3 percent from 2011.
The Government Finance Officers Association of the United States and Canada has presented a certificate of achievement for excellence in financial reporting to OPERS for 29 consecutive years for our CAFR. The summary report was produced for the first time in 2011 and also has received industry recognition.