COLUMBUS, Ohio (AP) — The Ohio Senate fast-tracked legislation on Tuesday aimed at shoring up four of Ohio's five public pension funds, with both political parties supporting passage of the changes as early as next week.
The idea is not expected to move so quickly in the Ohio House, where leading Republicans say they are awaiting results of an independent study commissioned by the nonpartisan Ohio Retirement Study Council on the fiscal health of the retirement systems. The report is expected this summer.
Republican Senate President Tom Niehaus and Senate Democratic Leader Eric Kearney jointly announced the Senate's intentions Tuesday to move forward before the study is complete, saying after three years of deliberations it's time to move the pension bills.
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