OPERS

Established in 1935, OPERS provides pension benefits and health care coverage to retired public employees in Ohio. OPERS is not part of state government. It is governed by the OPERS Board of Trustees – 11 non-paid volunteers – that is responsible for its administration and management. OPERS' membership includes employees from about 3,700 employers. Its members work for Ohio's state government as well as its cities, counties, townships, universities, colleges, libraries, transit authorities, housing authorities and public hospitals. The financial institution maintains separate investment plans for three retirement funds, defined benefit, health care and defined contribution.