Ohio Public Employees’ Updates Target Asset Allocation Mix

The Ohio Public Employees’ Retirement System (PERS) has approved a new set of allocation benchmarks across 12 asset and sub-asset classes, according to recently released materials from its November 19, 2024, board meeting.

In a motion carried by unanimous board vote, Ohio PERS will be applying “option C” from the recommended asset allocation structures presented by general consultant Meketa and the pension’s investment staff. The approved mix will allocate 21% and 20% to US and international equity, respectively; 15% to private equity; 8% and 4% to core and non-core private real estate, respectively; 5% to core fixed income; 2% to treasuries; 6% to private credit; 4% to public credit; 4% to inflation assets; and 1% and 10% respectively to risk parity and risk mitigating.

As of the latest Dakota data, Ohio PERS manages an overall portfolio of approximately $100B in pension assets.