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Highway Patrol Retirement System cites small active base, COLA affordability tests
Summary
Carl Rourke, executive director of the Ohio Highway Patrol Retirement System, told the committee HPRS is a single‑employer fund with roughly 1,400 active members and about 1,600 retirees; he described a funding policy that assesses negative amortization and stress‑tests COLA affordability.
Carl Rourke, executive director of the Ohio Highway Patrol Retirement System (HPRS), told the House Public Insurance and Pensions Committee that HPRS is distinct among Ohio systems as a single‑employer fund serving only Ohio State Highway Patrol troopers.
"We're the single employer pension fund and serve only the active and retired ranks of the Ohio State Highway Patrol troopers," Rourke said. He reported roughly $1.1 billion in assets, nearly 1,600 retirees (including about 162 disability…
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