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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 ]
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%.
This list of largest pension funds in the United States involves two main groups: ... Ohio Public Employees Retirement System: $97,713 $96,304 80.2% 7.5% 12
The Ohio Police & Fire Pension Fund tried − and failed − to convince lawmakers to boost the employer contribution rate last year. In 2012, legislators approved a pension reform package that ...
May 15, 2024; Columbus, Ohio, USA; A sign hangs outside The State Teachers Retirement System of Ohio board meeting. The state's second largest public pension fund, oversees about $90 billion ...
The largest teacher pension system in Ohio wants school districts to pay more, which would cost taxpayers an additional $533 million a year.
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 outgoing head of Ohio's troubled teachers retirement system said that she is leaving the fund in strong fiscal condition, despite the turmoil at the top that her successor will inherit. In a ...