Asset allocation for the six plans has shifted toward alts and away from US equities over the past decade.
In transparency move, proposed bill would also create a new legislative panel to review pension system fees and employee salaries.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Pension participants filed suit after program’s pullout from healthcare coverage.
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.