Tag Archives: OPERS

Report: Public pensions a bargain for taxpayers

The investment consulting firm Callan Associates has published an enlightening set of discussion topics that present well-researched facts about the value of defined benefit pension plans. DB plans have come under increased scrutiny in recent years as funding issues have … Continue reading

Posted in Benefits, DB plans, Economy, Government Relations, Investments, Pensions, Research, Spiking, Stock market | Tagged , , , , | Leave a comment

Rules could change on joint retirement

The Ohio Public Employees Retirement System and other state public pension systems have agreed to pursue a series of modifications to Ohio law that will resolve inequities in the process of joint retirement. One of the unique benefits of working … Continue reading

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Three new trustees to serve on OPERS Board

The 2014 OPERS Board of Trustees election is complete, and there will be three new trustees on the Board beginning in 2015. Charles Latsa, Christopher Mabe and Steve Toth will join the board after winning their respective elections. They will … Continue reading

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OPERS announces CIO resignation

The Ohio Public Employees Retirement System has announced that John C. Lane, OPERS chief investment officer since 2010, has resigned to accept a position with The Ohio State University. Lane has taken a similar position with OSU, where he will manage the … Continue reading

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OPERS opposes additional GASB proposals

Proposed rule changes by the Governmental Accounting Standards Board regarding health care expenses could have a serious financial impact on public employers in Ohio. Two exposure drafts would revise current GASB statements on the financial reporting of other post-employment benefits, … Continue reading

Posted in Pensions | Tagged , , , | 4 Comments

Changes in works for non-Medicare Part A qualifiers

The Ohio Public Employees Retirement System Board of Trustees has taken action to help retirees who do not qualify for Medicare Part A at no cost to join the upcoming OPERS Medicare Connector. The Board recommended that OPERS staff pursue … Continue reading

Posted in Health Care | Tagged , , , | 20 Comments

OPERS selects Medicare Connector administrator

The Ohio Public Employees Retirement System has selected Extend Health Inc., a Towers Watson company, to administer the OPERS Medicare Connector. The Connector will use Towers Watson’s OneExchange to provide retirees with access to plans on the individual Medicare market, … Continue reading

Posted in Health Care, OPERS Medicare Connector | Tagged , , , , , | 134 Comments

Member questions answered in health care video

In our latest monthly health care video, OPERS Health Care Director Marianne Steger addresses member questions. The topics focus on the upcoming OPERS Medicare Connector. You can click here to access the video, which we’ve posted on our YouTube channel. … Continue reading

Posted in Health Care, OPERS Medicare Connector | Tagged , , , | 13 Comments

Timing of benefit payments can rely on paperwork

The Ohio Public Employees Retirement System periodically receives calls from members wondering when they’ll receive their first pension benefit, and when the next one is coming. Here’s how the process works.

Posted in Benefits | Tagged , , | 5 Comments

OPERS offers several ways to contact us

The Ohio Public Employees Retirement System maintains a fully staffed Member Services Department that fields hundreds of thousands of calls each year. OPERS members reach out to us for help on dozens of issues including benefit payments, retirement status and … Continue reading

Posted in Benefits, Pensions | Tagged , , | 17 Comments