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Police and Fire fund says 70% funded; health HRA and legacy liabilities remain challenges
Summary
An OP&F representative told the committee the Ohio Police & Fire Pension Fund is about 70% funded, cited long‑running legacy liabilities from the 1965 rollup of municipal plans, and described a consumer‑driven HRA that stabilized health‑care spending but does not roll over for beneficiaries.
An Ohio Police & Fire Pension Fund representative addressed the House Public Insurance and Pensions Committee and described OP&F’s long history, legacy liabilities and recent reforms. The presenter — addressed in the hearing as "Mary Beth" — told lawmakers that OP&F began accepting liabilities after a 1965 consolidation and that the fund is now about 70% funded.
"OP and F is about 70% funded," the speaker said, summarizing the fund’s current status and pointing to a one‑page summary in the committee binder. The…
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