Ohio's five public pensions systems collectively lost $32 billion in the investment market last year − huge losses that will take years to recover.
Ohio's five public pensions systems collectively lost $32 billion in the tough investment market last year − huge losses that will take years to recover.
School Employees Retirement System lost $949 million, which was 4.89% of its portfolio. It serves 236,000 non-teacher school employees including bus drivers and cafeteria workers.'I wouldn't even invest my own money in this': Ohio teachers' pension board pans $65 billion pitch The heavy losses represent a big swing away from how much the pension funds anticipated earning. The pension boards set their expected annual rate of return, ranging from a low of 6.9% for OPERS to a high of 7.5% for OP&F.
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