About OPERS

OPERS History & Background

OPERS

Overview

With assets of $91.2 billion as of 12/31/14, OPERS is the largest state pension fund in Ohio, and the 11th largest public retirement system and 15th largest retirement system in the U.S.

OPERS is located in the heart of downtown Columbus -- Ohio's capital city -- just blocks from The Ohio Statehouse and Capital Square.

OPERS, which recognized its 80th year in 2015, provides retirement, disability and survivor benefit programs for public employees throughout the state who are not covered by another state or local retirement system.

Membership

OPERS serves more than 1 million members:

More than 3,690 public employers in Ohio are part of the OPERS system.

How OPERS Works

OPERS is governed by an unpaid governing board of 11 members responsible for the administration and management of the system. Board members are elected by the employee groups they represent or are appointed by elected officials.

The Ohio General Assembly oversees the retirement systems through the Ohio Retirement Study Council

OPERS receives money from three main sources:

Historically two-thirds of OPERS’ revenue, from which benefits are paid, is derived from investment returns. The remaining one-third of the revenue comes from employee and employer contributions.

Nearly 90 percent of OPERS retirees live in Ohio, spending the vast majority of retirement dollars on goods and services in the state. In addition, for every $1 of taxpayer contribution to OPERS, investments and employee contributions plus other sources of revenue return $3.74 into the Ohio economy.

OPERS History

Additional Facts

OPERS’ assets are comprised of two funds (12/31/14 data):

Fund Status