OPERS represents about 213,000 retirees and 304,000 workers. Fox Business. Personal Finance. ... Insurance 401k Retirement Tax Planning Economy. Government Spending ...

In January 2020, the OPERS trustees voted 9-2 to require retirees to pay more for their health care coverage, beginning in January 2022. Retirees who are Medicare eligible will receive lower ...

OPERS represents about 516,000 active and retired state employees and former state workers, and manages assets totaling $87.8 billion, making it one of the largest pension funds in the country.

Beginning January 2022, OPERS is moving to a reimbursement model. “After they do that they can then explore new medical plans by contacting VIA benefits which is our pre-Medicare connector.

The Ohio Public Employees Retirement System is shifting health care coverage for 145,000 Medicare-eligible retirees and spouses to a private insurance exchange, the Columbus-based public pension fund ...

But OPERS’ analysts estimate it will be at least 15 years before the pension fund can resume setting aside money for the health fund. “So, obviously, the math doesn’t work,” Carraher said.