Tag Archives: OPERS

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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Investment information updated on OPERS website

The Ohio Public Employees Retirement System has updated the Investment section of opers.org, including descriptions of new asset classes. You’ll find quarterly statistical summaries of the three retirement funds as well as the asset classes that make up those funds. … Continue reading

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Public pension costs in Ohio less than average

Ohio spends less than the national average on pension costs for public workers, a report released this week states. State and local government pension benefits accounted for 3.7 percent of all states’ budgets in 2011, according to an issue brief … Continue reading

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Save early and often – if you can

One of the tips that we see most often in saving for retirement is to begin early. That means not only counting on your pension, but putting away a nest egg of your own. An article in a recent edition … Continue reading

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