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Ohio Police and Fire Memorial Park is a memorial and park commemorating Ohio's police officers and firefighters, in Downtown Columbus, Ohio, United States. The park is north of Town St. just east of Third St. It features a sculpture by Ronald Dewey, engraved bricks, pavers, and benches.
The program is administered by the Police & Fire Retirement Fund (OP&F). This fund was created in 1965 in an effort to consolidate 454 local public safety pension funds across Ohio. Currently OP&F serves approximately 27,000 active members and more than 30,000 retirees and their beneficiaries. [ 24 ]
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The State Teachers Retirement System of Ohio is the state's second largest public pension fund and oversees about $90 billion invested on behalf of 500,000 teachers and retirees.
“The city cannot afford to continue to pay in excess of $8 million a year in pension obligations,” city manager says. IL should divert state money from East St. Louis to fund police, fire ...
The Ohio pension plan's holdings in private equity and hedge funds have stumbled. In each of the past five years, the investments returned an average of 6.7 percent, well below the almost 10 ...
Since 2001, U.S. statewide pension funds have experienced significant funding challenges due to the recessions of 2001-2002 and 2008-2009. Prior to the Dot-Com Crash, statewide pension funds were over 95.6% funded in the aggregate. In 2002, the funded ratio had declined to 82.1%.
Ohio's teachers pension fund is navigating turbulent times. Its meetings are testy, the director is on paid leave, and the board control is shifting. Ohio's teacher pension fund faces major ...