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PensionRisk

Ohio Public Employees Retirement System (OPERS) vs Ohio Police & Fire Pension Fund (OP&F)

Side-by-side pension health comparison from DOL and public plan data

Ohio Public Employees Retirement System (OPERS) (A) and Ohio Police & Fire Pension Fund (OP&F) (B) are close on the LakeQuality rubric. Funding ratios sit at 83% and 74% respectively — within a few points of each other.

With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.

Verdict

Ohio Public Employees Retirement System (OPERS) has a stronger Pension Health Score of 80/100 (A) compared to Ohio Police & Fire Pension Fund (OP&F) at 69/100 (B). Funding ratios differ by 8.7 percentage points (82.5% vs 73.8%). Ohio Public Employees Retirement System (OPERS) covers 762,000 participants.

MetricOhio Public Employees Retirement System (OPERS)Ohio Police & Fire Pension Fund (OP&F)
Health Score
Composite of funding ratio, trend, and PBGC risk
80/100 (A)*69/100 (B)
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
82.5%*73.8%
Total Assets$105.0B$17.4B
Total Liabilities$127.3B$23.6B*
Unfunded Liability$22.3B$6.2B*
Participants762,00056,000
1-Year Investment Return6.2%*5.7%
Plan Typepublicpublic
PBGC Risk Levellowmoderate
SponsorState of OhioState of Ohio

Ohio Public Employees Retirement System (OPERS) has a stronger Pension Health Score of 80/100 (A) compared to Ohio Police & Fire Pension Fund (OP&F) at 69/100 (B). Funding ratios differ by 8.7 percentage points (82.5% vs 73.8%). Ohio Public Employees Retirement System (OPERS) covers 762,000 participants.

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