COLUMBUS — Speaker of the Ohio House Clifford A. Rosenberger (R-Clarksville) appointed Representative Rick Carfagna (R-Genoa Township) to the Ohio Retirement Study Council in early March.
The Ohio Retirement Study Council is charged with legislative oversight of the five public employee pension funds: State Teachers Retirement System (STRS), Public Employees Retirement System (PERS), School Employees Retirement System (SERS), Ohio Police and Fire Pension Fund (OP&F), and the State Highway Patrol Retirement System (SHPRS).
In addition to legislative oversight, it is also the responsibility of the members of the Retirement Study Council to apprise the state legislature on all matters pertaining to the benefits, funding, investment and administration of the five pension funds.
“I’m thrilled to be named to this important body,” remarked Carfagna. “Our public employees, our educators, and our first responders have earned their benefits through years of hard work and personal sacrifice, and I look forward to working with my colleagues to help ensure the continued solvency of these funds.”
According to the Ohio Retirement Study Council, at the beginning of 2016 the five state retirement systems have combined assets of approximately $185 billion with approximately 675,000 active contributing members.