Tag Archives: OPERS

Public pensions create economic vitality

Contributions to public pension systems in Ohio and throughout the United States have a positive impact on the economy, the National Institute on Retirement Security said in a report. In “Pensionomics 2014,” NIRS found that state and local pensions support … Continue reading

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OPERS to hold Connector meetings around Ohio

Our members have sent us lots of questions about the 2016 OPERS Medicare Connector, and we’d like to provide the answers. Beginning next week, OPERS Health Care Director Marianne Steger will conduct a series of seminars around Ohio targeted to … Continue reading

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Qualifying members have earned QEBA checks

In rare cases, members of the Ohio Public Employees Retirement System contribute more to their pensions than the IRS permits to be considered in determining pension benefits. In these situations, the IRS and the state of Ohio permit the creation … Continue reading

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Medicare Connector to lower health care costs

As the Ohio Public Employees Retirement System prepares to transition eligible members to a Medicare Connector model in 2016, a closer look at the projected participant costs illustrates advantages of the new plan. By transitioning to the Connector, we are … Continue reading

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Valuation helps Board set contribution rates

The funding level, amortization rate and other key financial measures of the Ohio Public Employees Retirement System were confirmed during the recent annual pension actuarial valuation. Our external actuaries, Gabriel Roeder Smith & Co., presented the preliminary results for 2013 … Continue reading

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OPERS releases latest annual financial reports

The Ohio Public Employees Retirement System has published updated versions of its key financial reports. The 2013 Comprehensive Annual Financial Report, and a condensed version called the 2013 Summary Annual Financial Report, are available on the OPERS website. They contain … Continue reading

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OPERS sets 2015 health care rates

Each year the Ohio Public Employees Retirement System’s Board of Trustees approves the retiree health care program’s monthly self-supporting rates, which are set to cover medical and prescription drug costs that we pay. OPERS’ retirees pay a monthly premium for … Continue reading

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Board of Trustees election gets under way

Ohio Public Employees Retirement System members will decide four seats on the Board of Trustees this year, with the election taking place in September. These trustees, who will serve four-year terms beginning Jan. 1, will represent the following employee groups: … Continue reading

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Investment returns don’t affect contributions

Public pension investment patterns have changed over the past few decades, from a primary reliance on stocks and bonds to incorporating more alternative investments. As stated in a new report issued this week by the Pew Charitable Trusts and the … Continue reading

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Video discusses OPERS’ Milestone 2015

With OPERS’ new health care plan going fully into effect in 2015, OPERS is preparing for a larger-than-normal group of retirees this fall. In this PERSpectives on Pensions video, OPERS Benefits Director Allen Foster talks about Milestone 2015, our effort … Continue reading

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