Ohio Police & Fire Pension Fund (OP&F)
public plan · State of Ohio · Columbus, OH
Funding History
What This Means for You
Ohio Police & Fire Pension Fund (OP&F) is in good financial health at 74% funded. This means for every dollar the plan owes in future benefits, it has 74 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2023 | $17.4B | $23.6B | 73.8% | $1.0B |
| 2022 | $16.9B | $23.4B | 72.0% | $970.0M |
| 2021 | $16.4B | $21.8B | 75.0% | $940.0M |
| 2020 | $15.8B | $22.9B | 69.0% | $910.0M |
| 2019 | $15.3B | $21.6B | 71.0% | $880.0M |
Frequently Asked Questions
Ohio Police & Fire Pension Fund (OP&F) is 74% funded, meaning it has 74 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Ohio Police & Fire Pension Fund (OP&F) has 56,000 total participants, including 28,000 active employees and 28,000 retirees currently receiving benefits.
Ohio Police & Fire Pension Fund (OP&F) is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.