Deferred compensation has been the Program's only responsibility since 1976. Because of the Program’s size, plan expenses are low.
The Program is unique that it is a public, non-profit organization created by Ohio legislation. A 13-member Board, composed of public employees, retirees, and appointed investment experts, governs the Program as required by Ohio Revised Code Chapter 148. The staff manages and administers the Program with public employees' best interests in mind. External managers professionally manage the Program’s investment options. Investment options are selected and monitored by the Board and its independent investment consultant.
The Program provides participants with educational tools, a diverse set of investment options, flexible savings and withdrawal options, as well as portability when changing jobs within the public sector.