Ohio Public Employees Retirement System (OPERS)

This document is the Ohio Public Employees Retirement System's (OPERS) 2022 Health Care Report. It outlines significant program changes implemented in 2022, notably the shift from group health plans to Health Reimbursement Arrangement (HRA) allowances for Pre-Medicare retirees and adjustments for Medicare-eligible retirees. The report details the financial status of the health care fund, highlighting challenges posed by rising costs and pension funding. It describes efforts under the Health Care Preservation Plan (HCPP 3.1) and revised eligibility requirements aimed at ensuring the long-term sustainability and solvency of health care access for its members.

This Annual Investment Plan for the Ohio Public Employees Retirement System details the investment strategies and asset allocation targets for 2026, covering both the Defined Benefit and Health Care Funds. The plan's core priorities include the full implementation of new strategic asset allocation targets, optimizing the mix of internally and externally managed portfolios, and further developing Risk Mitigation Strategies. It emphasizes disciplined asset allocation, rigorous risk management, and a focus on long-term fundamentals to achieve strong, risk-adjusted returns and safeguard the financial well-being of its members.