Is OPERS solvent?


Quick Answer

Officials of the Ohio Public Employees Retirement System assert the fund is solvent. OPERS provides pension and health-care benefits for retired employees of Ohio's state and local governments as well as its school districts.

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Full Answer

OPERS had $88.6 billion in its portfolio after a 13.9 percent increase in the value of its investments during 2013. Its 2014 full-year performance has not been announced as of March 2015.

OPERS appears to have a positive outlook, as the Defined Benefits Fund has $75.8 billion and the Health Care Fund has $13 billion on March 31, 2014. The Defined Contribution Fund has $958 million in market value as of Sept. 30, 2014.

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