Ohio Police and Fire Pension Fund
As 2013 brings us the changes we needed to preserve The Ohio Police & Fire Pension Fund, the work will still continue to make the fund stronger and stronger. The theme this year will be disability pensions. As we stand, we are one of the few in the country pension funds that offer partial off-duty disability awards. We are also one of the highest awarder of disability pensions in the country with approximately 34% of our retirees being disability grants. The Board of Trustees and the Ohio Retirement Study Council clearly understands that the benefits awarded need to be looked at.
Our process is one of the best in the country. What really becomes the issue is what benefits we pay and what injuries are included in the calculation. Additional factors which increase the benefit also need to be looked at. The Board has added special meetings so that we can timeline these issues and work diligently to make these changes before they are imposed upon us by the legislature. We assure the membership that the Trustees will continue to work toward improving this grant.
On the other end, it may be a little slow on the legislative side so we shouldn't have too much to worry about. We will continue to show the ORSC that we are attempting to make improvements where need be. Our health care stabilization fund is our focus to continue to offer reasonable cost health care for our members and their families. Currently, our health care stabilization fund is healthy and we are looking to keep it that way.
We have recently had a few changes to our administration, John Gallagher is our new Executive Director and Jennifer Harville is our Director of Member Services. John comes to us as the Executive Director of the Chicago Police Pension Fund and has a lot of experience which will help lead our fund moving forward. Jennifer has been with OP&F for some time and is experience in serving our members. Both are great additions to our executive/director staff.
Thank you for your support and please feel free to contact myself should the need arise.
Trustee - Ohio Police & Fire Pension Fund
Last Updated (Monday, 11 March 2013 18:05)