School Employees Retirement System of Ohio (SERS) vs Ohio Police & Fire Pension Fund (OP&F)
Side-by-side pension health comparison from DOL and public plan data
School Employees Retirement System of Ohio (SERS) (B) and Ohio Police & Fire Pension Fund (OP&F) (B) are close on the LakeQuality rubric. Funding ratios sit at 68% 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 Police & Fire Pension Fund (OP&F) has a stronger Pension Health Score of 69/100 (B) compared to School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 5.9 percentage points (73.8% vs 67.9%). Ohio Police & Fire Pension Fund (OP&F) covers 56,000 participants.
| Metric | School Employees Retirement System of Ohio (SERS) | Ohio Police & Fire Pension Fund (OP&F) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 66/100 (B) | 69/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 67.9% | 73.8%* |
| Total Assets | $16.2B | $17.4B |
| Total Liabilities | $23.9B | $23.6B* |
| Unfunded Liability | $7.7B | $6.2B* |
| Participants | 218,000 | 56,000 |
| 1-Year Investment Return | 5.3% | 5.7%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | moderate |
| Sponsor | State of Ohio | State of Ohio |
Ohio Police & Fire Pension Fund (OP&F) has a stronger Pension Health Score of 69/100 (B) compared to School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 5.9 percentage points (73.8% vs 67.9%). Ohio Police & Fire Pension Fund (OP&F) covers 56,000 participants.
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