Ohio Public Employees Retirement System(OPERS)
OPERS is a statutorily-mandated Ohio government pension system administering defined benefit, defined contribution, and hybrid retirement plans, plus health care and disability benefits, for Ohio's statewide public employees. It is funded by mandatory member and employer contributions and managed institutional investment portfolio.
- Company typePrivate
- Founded1933
- HeadquartersColumbus, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Ohio Public Employees Retirement System(OPERS) does
Ohio Public Employees Retirement System (OPERS) is a public pension system established by Ohio state law (circa 1933) and headquartered in Columbus, Ohio. OPERS administers defined benefit retirement, health care, disability, and survivor benefits for eligible Ohio public employees serving state agencies, counties, municipalities, townships, park districts, sanitary districts, health districts, metropolitan housing authorities, and public libraries. The system offers three retirement plans — the Traditional Pension Plan (defined benefit), the Member-Directed Plan (defined contribution with member-controlled investments), and the Combined Plan (hybrid) — and also provides health care coverage, Health Reimbursement Arrangement (HRA) accounts, vision and dental plans, and disability benefits.
OPERS's technology and operational platform centers on web-based self-service: the OPERS Online Account portal for members (member.opers.org) and the Employer Contribution System (ECS) for payroll reporting, with ECS used by 99% of reporting members. Member-facing financial wellness and retirement projection tools are delivered through Voya's myOrangeMoney and Financial Wellness Experience, integrated into online member accounts, and BlackRock LifePath target-date funds serve as investment options in the Member-Directed and Combined plans. The system uses 128-bit SSL encryption and HIPAA-compliant processes for medical information handling.
OPERS is a constitutionally and statutorily protected government entity under Ohio Revised Code Chapter 145, not a commercial enterprise. It is funded through mandatory employee and employer contributions (10% employee, 14% employer as of the source data) and investment returns on its portfolio. In 2018, OPERS received approximately $3.5 billion in contributions and distributed over $7 billion in pension and health care payments. Disability administration is outsourced to MMRO, and Medicare-eligible retiree health plan selection is facilitated through Via Benefits. Governance is provided by a Board of Trustees with elected seats.
Ohio Public Employees Retirement System(OPERS) firmographics
Firmographics- Name
- Ohio Public Employees Retirement System(OPERS)
- Legal name
- Ohio Public Employees Retirement System
- Website
- https://opers.org
- Company type
- Private
- Founded year
- 1933
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- OPERS is a statutorily-mandated Ohio government pension system administering defined benefit, defined contribution, and hybrid retirement plans, plus health care and disability benefits, for Ohio's statewide public employees. It is funded by mandatory member and employer contributions and managed institutional investment portfolio.
- Ownership category
- akta.pro rank
Ohio Public Employees Retirement System(OPERS) industry classification
Industry- Product category
- Public Pension Administration
- NAICS
- Pension Funds (52511), Health and Welfare Funds (525120)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Pensions & Retirement Benefits Administration (BPAIAKAA)
Keywords
Where Ohio Public Employees Retirement System(OPERS) is headquartered
LocationHeadquarters
- HQ city
- Columbus
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ohio Public Employees Retirement System(OPERS) business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Distribution channels5 records
Marketing channels6 records
Ohio Public Employees Retirement System(OPERS) product offering
Product offeringCore offering
OPERS administers defined benefit and defined contribution retirement plans for eligible Ohio public employees, including the Traditional Pension Plan, Member-Directed Plan, and Combined Plan, along with retiree health care coverage, disability benefits, and survivor benefits. The system is funded through mandatory employee and employer contributions, manages a large investment portfolio to pay benefits, and distributes pension and health care payments to retirees throughout Ohio.
Product overview
OPERS is a public pension retirement system administering three distinct retirement plans: the Traditional Pension Plan (defined benefit with guaranteed lifetime monthly benefits), the Member-Directed Plan (defined contribution with member-controlled investments), and the Combined Plan (hybrid approach). Supporting the core retirement products, OPERS offers health care coverage including Health Reimbursement Arrangement (HRA) accounts, disability benefits with rehabilitative services, and comprehensive education through seminars, webinars, online tools (Voya myOrangeMoney, Financial Wellness Experience), and the PERSpective blog. Administrative services include the Employer Contribution System (ECS) for payroll reporting and an online member portal at member.opers.org.
Differentiator
Problem solved
Functional benefit
Products and services
- Traditional Pension Plan
Quantifiable outcome
- Funded by approximately $3.5 billion in annual contributions while distributing over $7 billion in annual benefits, demonstrating the scale of service delivery
- +1 more outcomes
Companies that use Ohio Public Employees Retirement System(OPERS)
Customer profileSegments3 records
Ideal customer profiles3 records
Ohio Public Employees Retirement System(OPERS) technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature3 records
Ohio Public Employees Retirement System(OPERS) partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Via BenefitscoreVia Benefits serves as the OPERS-selected vendor for Medicare-eligible retirees to assist in finding and enrolling in medical plans. Retirees can contact Via Benefits at 1-844-287-9945 between 8 a.m. and 7 p.m. (EST) for health care coverage guidance.
- Voya FinancialcoreVoya provides the myOrangeMoney retirement calculator and Financial Wellness Experience tool integrated into OPERS member accounts. These tools help members estimate retirement benefits, visualize retirement income, and assess financial wellness across protection, savings, debt management, and other financial areas.
- BlackRockcoreBlackRock provides LifePath target-date funds as investment options within the Member-Directed Plan and Combined Plan. OPERS offers BlackRock LifePath brochures and FAQ documents to help members understand these investment options.
- MMRO (Medical Management and Rehabilitation Organization)coreMMRO serves as the third-party administrator for OPERS disability benefits program. They conduct initial contact with disability applicants within 5 business days, schedule independent medical examinations, and prepare recommendations for OPERS Board review.
Scale indicators5 records
Recent moves7 records
Expansion highlights4 records
Ohio Public Employees Retirement System(OPERS) competitors and assessment
Company assessmentDirect peers
- New York State Common Retirement Fund: One of the largest U.S. public pension funds, offering defined benefit pensions to state and local public employees in New York — directly parallel in mandate and delivery to OPERS.
- Pennsylvania Public School Employees' Retirement System (PSERS): PSERS administers defined benefit pensions for Pennsylvania public school employees, sharing OPERS' regulatory mandate, hybrid options, and large-scale benefit administration.
- CalSTRS (California State Teachers' Retirement System): CalSTRS is a California public-sector defined benefit pension system offering similar Traditional Pension and Member-Directed style plans, comparable to OPERS in product mix and governance approach.
- Washington State Department of Retirement Systems (DRS): Washington DRS administers multiple public sector defined benefit plans with similar plan-options architecture to OPERS and is comparable in scale and member services philosophy.
- CalPERS (California Public Employees' Retirement System): CalPERS is the largest U.S. public pension fund, administering defined benefit pensions for California state and local public employees — directly comparable to OPERS' mandate, plan structure, and member services model.
- Texas Teachers Retirement System (TRS): TRS administers defined benefit pensions for Texas public educators at scale; its hybrid plan options and large institutional asset base are analogous to OPERS' product portfolio.
- STRS Ohio (State Teachers Retirement System of Ohio): Ohio's sister pension system for public educators, sharing the same statutory framework and Ohio geographic focus, but serving teachers rather than general public employees — a structural peer.
- North Carolina Retirement Systems Division: North Carolina's public pension administrator offering defined benefit plans for state and local public employees, parallel in mandate, multi-employer structure, and benefit delivery to OPERS.
- Florida Retirement System (FRS): FRS provides both defined benefit (Pension Plan) and defined contribution (Investment Plan) options to Florida public employees, mirroring OPERS' multi-plan structure and member choice approach.
Regional players
- Ohio Police and Fire Pension Fund (OP&F): Ohio's separate public pension system for police and firefighters — operates within the same state statutory framework as OPERS but serves a narrower safety service membership.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Ohio Public Employees Retirement System(OPERS) social profiles
Digital presenceOhio Public Employees Retirement System(OPERS) compliance and trust
Trust signalCompliance5 records
Ohio Public Employees Retirement System(OPERS) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ohio Public Employees Retirement System(OPERS) leadership team
Management profileNumber of profiles
Profiles3 records
Ohio Public Employees Retirement System(OPERS) funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ohio Public Employees Retirement System(OPERS) M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ohio Public Employees Retirement System(OPERS)
What does Ohio Public Employees Retirement System(OPERS) do?
OPERS administers defined benefit and defined contribution retirement plans for eligible Ohio public employees, including the Traditional Pension Plan, Member-Directed Plan, and Combined Plan, along with retiree health care coverage, disability benefits, and survivor benefits. The system is funded through mandatory employee and employer contributions, manages a large investment portfolio to pay benefits, and distributes pension and health care payments to retirees throughout Ohio.
Is Ohio Public Employees Retirement System(OPERS) a public or private company?
Ohio Public Employees Retirement System(OPERS) is a private company. It is classified as state government owned and is currently operating.
When was Ohio Public Employees Retirement System(OPERS) founded?
Ohio Public Employees Retirement System(OPERS) was founded in 1933. It employs 501 to 1,000 people.
Where is Ohio Public Employees Retirement System(OPERS) based?
Ohio Public Employees Retirement System(OPERS) is headquartered in Columbus, United States, in the North America region.
Who are Ohio Public Employees Retirement System(OPERS)'s main competitors?
Direct peers on record are New York State Common Retirement Fund, Pennsylvania Public School Employees' Retirement System (PSERS), CalSTRS (California State Teachers' Retirement System), Washington State Department of Retirement Systems (DRS), CalPERS (California Public Employees' Retirement System), Texas Teachers Retirement System (TRS), STRS Ohio (State Teachers Retirement System of Ohio), North Carolina Retirement Systems Division and Florida Retirement System (FRS). Ohio Police and Fire Pension Fund (OP&F) is listed as a regional player.
Does Ohio Public Employees Retirement System(OPERS) have an API?
No public API is recorded for Ohio Public Employees Retirement System(OPERS).
What industry is Ohio Public Employees Retirement System(OPERS) in?
Ohio Public Employees Retirement System(OPERS)'s product category is Public Pension Administration. Its primary akta.pro industry code is BPAIAKAA, Pensions & Retirement Benefits Administration. Its NAICS code is 52511 and its SIC code is 6324.