COLUMBUS, Ohio (AP) — A package of bills aimed at shoring up Ohio's five public pension funds with increased contributions among some workers and higher retirement ages cleared the state Legislature on Wednesday in a rare showing of bipartisanship during an election year.
The legislation will affect almost 1.8 million Ohioans who are covered by the five funds: Ohio Public Employee Retirement System, State Teachers Retirement System, School EmployeesRetirement System, Ohio Highway Patrol Retirement System and the Ohio Police and Fire Pension Fund.
Republican Gov. John Kasich will sign the package into law, his office said.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
