Chris DeRose, the chief executive of Ohio’s Public Employees Retirement System (OPERS), announced Monday that he is resigning. While a departure date was not mentioned, a spokeswoman for the big pension system said DeRose planned to stay until an interim chief was named and the board of trustees had worked out a transition plan.
DeRose plans to join Ingenix, a health care consulting firm, according to OPERS. He will be vice president of client services. DeRose joined OPERS in 2006 after spending nine years as the chief executive of Michigan’s pension system.
Ken Thomas, chairman of OPERS, praised DeRose’s accomplishments, saying in a prepared statement that DeRose had worked hard for Ohio’s pensioners “during one of the most difficult economic times in our system’s history.”
OPERS is the nation’s 12th largest pension fund and has more than $75 billion in assets. The system serves 954,000 members, including more than 171,000 current beneficiaries.
The number of beneficiaries is expected to double by 2024, according to OPERS. A number of changes are being considered, including one that would raise the retirement age. These proposals are now before Ohio’s legislature.