
Pensions
Ohio STRS’ 1.5% COLA ‘Doesn’t Go Far Enough,’ Says Retirement Group
State law requires a 2% COLA unless it would impair the fiscal integrity of the retirement system.
State law requires a 2% COLA unless it would impair the fiscal integrity of the retirement system.
The School Employees Retirement System of Ohio topped its benchmark and raised its asset value to $17.8 billion.
The teachers’ pension fund also delays increasing the minimum years of service to be eligible for retirement benefits.
Workers would take on up to 78% of the increase in liabilities and 88% of the contribution increases.