OPERS Traditional DB Pension Plan

State retirement system· Ohio

State retirement system, based in Ohio, reporting $158B in assets, for 1,263,323 participants.

Composed from this allocator's classification, location and filed figures.

As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 20 May 2026, Changed its allocation policy 4 months ago.

5 more people and 2 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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People to know

View all people
  • Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Executive Director
    Why: Executive director: runs the plan or the office
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 8
OPERS Traditional DB Pension Plan

Relationship network

9 connected entities

From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.

Reading the network
  • Service provider
  • Person
›How strength and recency are read

Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$158B
Fiduciary net position, Dec 31, 2025 reported
Funded
not on record
not filed
Private markets target
no policy read
policy Dec 31, 2025
Commitments
0
none on the tape

Allocation policy

ACFR, as of Dec 31, 2025

Consultants and advisers

2 firms

Decision makers

who to call first about an allocation, and why; then everyone else by function
  • Paul Greff · Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Karen E. Carraher · Executive Director
    Why this person: Executive director: runs the plan or the office
Who else at this allocator · 1 person, grouped by function
Board, advisers and operating partners (1)
  • Chris Mabe · Board Chair
    Why this person: Board member

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

People

8 roles
Chief investment officer
Paul Greff
Chief Investment Officer (Sep 30, 2026) opers.org
Gresh Deputy Executive Director Gordon Gatien Director – External Relations Paul Greff Chief Investment Officer Eric Harrell General Counsel Stephen Kell Director – Information Technology Caroline McN

+5 more people on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Manager roster

No manager relationship is on the tape for this allocator.

What changed

7 events
  • May 20, 2026Policy updated
    Ohio Public Employees Retirement System (OPERS) adopts a policy change: investment valuation policy
  • Jan 21, 2026Policy updated
    Ohio Public Employees Retirement System (OPERS) adopts a policy change: to approve the Investment Policy changes as reviewed and discussed with staff and Meketa.
  • Jan 21, 2026Policy updated
    Ohio Public Employees Retirement System (OPERS) adopts a policy change: Defined Benefit and Health Care Funds policy benchmark allocation
  • Jun 30, 2024Assets changed
    OPERS Traditional DB Pension Plan total assets $91.6B -> $97.9B (+6.8%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2024Assets changed
    OPERS Traditional DB Pension Plan fiduciary net position $92.2B -> $98.6B (+6.8%, 2023-06-30 to 2024-06-30)

+2 more dated events

Every name, record and relationship behind this count, with the source on each.

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Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Commitments

No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.

Size and funding

58 readings
Total assets
$98B Jun 30, 2024 derived Census ASPP
$92B (2023-06) · $108B (2022-06)
Fiduciary net position
$158B Dec 31, 2025 reported ACFR
$99B (2024-06) · $92B (2023-06) · $109B (2022-06)
Long-term investments
$92B Jun 30, 2024 reported Census ASPP
$88B (2023-06) · $104B (2022-06)
Total pension liability
$26B Jun 30, 2024 reported Census ASPP
$30B (2023-06) · $8.7B (2022-06)
Discount rate
6.90% Jun 30, 2024 reported Census ASPP
6.90% (2023-06) · 6.90% (2022-06)
Participants
1,263,323 Jun 30, 2024 derived Census ASPP
1,226,061 (2023-06) · 1,187,809 (2022-06)
Active members
291,803 Jun 30, 2024 derived Census ASPP
281,149 (2023-06) · 273,388 (2022-06)
Beneficiaries
224,032 Jun 30, 2024 reported Census ASPP
223,790 (2023-06) · 222,140 (2022-06)
Benefits paid
$7.2B Jun 30, 2024 reported Census ASPP
$7.0B (2023-06) · $6.8B (2022-06)
Investment expense
$455M Jun 30, 2024 reported Census ASPP
$563M (2023-06) · $657M (2022-06)

Provenance

Identifiers: Census PID6 227724
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 23, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio, private markets allocation target, fund commitments.

Record history

7 dated events on the change ledger, latest event first
  • Policy updated
    2026-05-20source on record
  • Policy updated
    2026-01-21source on record
  • Policy updated
    2026-01-21source on record

+4 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+2 connections on the graph

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.