Public Employees Retirement System of Ohio

Overview

Established in 1935, the Public Employees Retirement System of Ohio (OPERS) is the largest state pension fund in Ohio and the 14th-largest in the United States, with total investment assets of $114.4 billion as of December 31, 2023. OPERS serves employees from approximately 3,700 employers, including state and local government entities, universities, and public hospitals. The fund offers retirement, disability, and survivor benefit programs to public employees who are not covered by another state or local retirement system. OPERS is governed by an 11-member Board of Trustees and is overseen by the Ohio Retirement Study Council, which provides legislative oversight of all state public pension systems. The fund's investment strategy focuses on a diversified portfolio to ensure the long-term security of its members' benefits. As of January 1, 2025, OPERS had approximately 670,000 active contributing members, 1,200,000 inactive members, and 490,000 beneficiaries and recipients. The fund's assets are managed through employer and employee contributions, as well as investment earnings. OPERS is committed to providing secure retirement benefits for its members and is recognized for its stewardship and management of public funds.

Investment Focus

• Investments must align with OPERS' fiduciary responsibilities and investment policies.
• Investments should contribute to the long-term financial health and sustainability of the fund.
• Investments must comply with applicable laws and regulations governing public pension funds.