All,

Please see the message below from Heidi at OTA and the attachment on 
possible changes to OPERS.

Christine Matacic



> ---------------------------- Original Message ----------------------------
> Subject: Legislative Update - Proposed OPERS Changes
> From:    "Heidi Fought" <[log in to unmask]>
> Date:    Fri, September 4, 2009 3:18 pm
> To:
> Cc:      "Michael Cochran" <[log in to unmask]>
> --------------------------------------------------------------------------
>
> Dear Township Officials:
>
> Yesterday I had the pleasure of meeting with OPERS staff and
> stakeholders on potential changes to OPERS.  At this meeting, it was
> explained that the Ohio Retirement Study Council has asked all 5 public
> pension programs in Ohio to look at what they are doing and make
> recommendations on ways the pension system can be better managed/better
> funded/stay within the 30 year actuarial requirement set forth in the
> Ohio Revised Code.  OPERS must present recommendations to the Retirement
> Study Council on September 9.
>
> The OPERS Board has been looking at changes for several years but the
> economic conditions of today, and the request of the Ohio Retirement
> Study Council, have forced the OPERS Board to make some recommendations
> for changes to OPERS now.
>
> Please find attached a short article that explains some of the changes
> the OPERS Board is considering and will likely recommend to the Ohio
> Retirement Study Council next week.  Please note, the majority of the
> changes suggested must go through the legislative process.  This means a
> bill will have to be introduced and that there will be hearings in the
> House and Senate.
>
> I am requesting that you take the time to read the information provided.
> Should you have questions or concerns, or should you wish to share
> comments that I may in turn provide to OPERS staff and the OPERS Board,
> please let me know.
>
> Sincerely,
>
> Heidi M. Fought
> Director of Governmental Affairs
> Ohio Township Association
> 6500 Taylor Road, Suite A
> Blacklick, OH 43004
> (614) 863-0045
> (614) 863-9751 Fax
>
>
> NOTICE: This electronic mail transmission is for the use of the named
> individual or entity to which it is directed and may contain information
> that is privileged or confidential. It is not to be transmitted to or
> received by anyone other than the named addressee (or a person
> authorized to deliver it to the named addressee). It is not to be copied
> or forwarded to any unauthorized persons. If you have received this
> electronic mail transmission in error, delete it from your system
> without copying or forwarding it, and notify the sender of the error by
> replying via e-mail or by calling the Ohio Township Association at (614)
> 863-0045 so that our address record can be corrected.
>
>
>
>