Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ohio Highway Patrol Retirement System says COLA remains biggest challenge; health reimbursement arrangement eased health fund solvency
Summary
Ohio Highway Patrol Retirement System Executive Director Carl Rourke told the House Public Insurance and Pensions Committee HPRS has roughly $1.1 billion in assets, about 1,400 active members and 1,600 retirees, and that COLA remains the system’s greatest ongoing liability.
Carl Rourke, executive director of the Ohio Highway Patrol Retirement System (HPRS), briefed the House Public Insurance and Pensions Committee on HPRS’ scale, funding policy and benefits, saying the system faces a shrinking active membership and a growing retiree population and that cost‑of‑living adjustments (COLAs) remain its most significant recurring liability.
Rourke told the committee HPRS was created in 1941, serves a single employer (the Ohio State Highway Patrol) and holds roughly $1.1 billion in assets. He said membership figures include…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
