
Ohio STRS Board Approves 1% Cost-of-Living Adjustment
The teachers’ pension fund also delays increasing the minimum years of service to be eligible for retirement benefits.
The teachers’ pension fund also delays increasing the minimum years of service to be eligible for retirement benefits.
Bipartisan legislation is intended to attract workers to fill state job vacancies.
Schurtz succeeds Mansco Perry III, who announced his retirement in December.
Citing under-representation in the current KRS board, the system puts forth legislation to establish its own panel.
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Audit reveals a lack of internal controls may have misappropriated funds within the retirement system.
Pension’s unfunded liabilities making it difficult to hire, retain teachers.