COLUMBUS, Ohio (AP) — The Ohio Senate is getting ready to take up legislation aimed at shoring up several of the state's five public pension funds.
The Senate fast-tracked the legislation last week with bipartisan support.
Accounting and performance audits of the pension funds have showed their long-term solvency could be at risk because of an influx of retirement-age baby boomers and economic challenges faced by government employers. That would jeopardize the funds' ability to pay benefits to teachers, police and other public workers.
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Senate leaders have said it's time to move forward with bills making changes to the retirement systems.
The idea is not expected to move so quickly in the Ohio House, where leading Republicans are awaiting results of an independent study on the fiscal health of the retirement systems.
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