Ohio Police & Fire Pension Fund executives will appear before the Ohio Legislature in April to present a 30-year funding plan, said William Estabrook, executive director. According to state law, the $10.7 billion Columbus-based plan must be completely funded based on a 30-year projection of liabilities; it is currently about 81% funded. "We have among the best funding ratio out of any public plan in Ohio," said Mr. Estabrook.
By comparison, at the end of 2005 the Ohio Public Employees Retirement System was 85% funded; the Ohio School Employees Retirement System, 77%; the Ohio State Teachers Retirement System, 75%; and the Ohio Highway Patrol Retirement System, 78%.
The funding plan will require members to make greater contributions and health care deductibles.