Site Map Icon
RSS Feed icon
 
 
 

IAFF Local Newswire
 
Join the Newswire!
Updated: Oct. 17 (12:00)

TPFFA Announces New Officers
Tennessee Professional Fire Fighters Association
Donate to the IAFF Disaster Relief Fund
Missouri State Council of Fire Fighters
2021 MSCFF Convention Postponed
Missouri State Council of Fire Fighters
FTEP Committee Meeting Notes
Newport News Firefighter's Association
Wills For Heroes | Appointments Available
IAFF Local 21
2021 Nomination & Election Notice
IAFF Local 42
 
     
October 17, 2021
UnionActive Police Newswire
 
Join the Newswire!
Updated: Oct. 17 (12:00)

EPPD Promotion Ceremony
El Paso Municipal Police Officers' Association
24th Annual EPMPOA Golf Tournament
El Paso Municipal Police Officers' Association
8th Annual EPMPOA Fallen Officers Memorial Run
El Paso Municipal Police Officers' Association
New FBI Data Is In: Murder Rates in U.S. Cities, Ranked
El Paso Municipal Police Officers' Association
Officer Angel David Garcia Memorial Fund
El Paso Municipal Police Officers' Association
"Help Frank Walk Again"
El Paso Municipal Police Officers' Association
 
     
Action Center
<< October 2021 >>
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31
Live Streaming Pension Meetings
Posted On: Mar 26, 2019

“Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” JUSTICE LOUIS D. BRANDEIS.

The Ohio Police and Fire Pension Board made a decision to replace the retiree group health insurance plan with a stipend system.  Starting last January, retires will buy individual plans online through a company called AON.  The change has caused quite the backlash among the Pre-Medicare Group.  There has been a litany of complaints - from retirees not receiving enough information to overwhelming premium increases, to a dearth of options available through Aon. 

Healthcare is an issue that invokes plenty of passion and Ohio Police and Fire Retirees are no exception.  Unfortunately, there are no easy solutions to this difficult situation.  The Ohio Police and Fire Pension Fund’s most recent stats show they are approximately 72% funded.  This is not bad as far as pension funds go but, like all funds, the OP-F is heavily reliant upon investment income and one bad year can change the picture in a heart-beat. 

In 2012, all of Ohio’s five public pensions went through extensive pension reform in order to improve their funding status.  OP-F increased member contributions, increased retirement age, changed average annual salary calculations, delayed COLA payments and made other benefit reductions.  The Board of Trustees also shifted contributions from the Healthcare Stabilization Fund over to help fund pensions. 

Since 1974 OP-F has provided some type of healthcare to retirees.  The pension benefits are mandated by state law but there is no statutory requirement for healthcare benefits after retirement.  The healthcare benefits are funded through the Health Care Stabilization Fund.  In 2012 the allocation rate into the HCSF was 6.75% of salary.  Today, it stands at 0.5%.  We have a situation where the funding for healthcare benefits has been drastically reduced as healthcare costs continue to increase.   

While we do not have a magic bullet for the healthcare problem, we do think there is an easy solution to the communication issue.  The Ohio Police and Fire Pension Fund should start broadcasting or livestreaming the board meetings as soon as possible.  The Board of Trustees represent police officers and firefighters from all around the State of Ohio, we also have thousands of retirees and beneficiaries who reside outside of the State.  For many members of the pension fund, it is not easy to travel to Columbus in order to attend a board meeting.  The Ohio Police and Fire Pension Fund can improve transparency and trust with the membership by the simple act of posting video of the board and committee meetings each and every month. 

The deliberations and decisions made at the board level are often difficult.  Posting video or livestreaming the public board meetings will help to better educate the membership and result in a better understanding of important board decisions.  It will also improve communication with members and show Ohio Police and Fire Pension Fund as a leader and model for other public pension systems.


Ohio Police and Fire

SERB

IAFF

Legal Services

Legislative Services

Firefighter Memorial Ride

Phoenix Society

Lake Erie Loop

MDA

American Lung Association

Red Cross

FMCS

AAA

Member Login
Username:

Password:


Not registered yet?
Click Here to sign-up

Forgot Your Login?
Labor Headlines

US labour news headlines from LabourStart

Amazon settles with activist workers who say they were illegally fired.
The people who make your favorite movies and shows are fed up
Hollywood strike averted as IATSE & AMPTP reach deal on new film & TV contract
Healthcare industry pressures spurring strikes across the country
Landmark tentative agreement reached for IATSE West Coast Film and Television Workers before Strike Deadline
 
 
Northern Ohio Fire Fighters
Copyright © 2021, All Rights Reserved.
Powered By UnionActive™

886455 hits since Dec 04, 2006
Visit Unions-America.com!

Top of Page image