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Author Archives: Michael Pramik
Senate committee approves pension legislation
An Ohio Senate committee yesterday unanimously approved pension legislation based on proposals submitted by the Ohio Public Employees Retirement System Board of Trustees. The full Senate is expected to take action on the bill today. The Senate Insurance, Commerce & … Continue reading
Posted in Pension Reform, Pensions, Senate Bill 343
Tagged Ohio PERS, OPERS, pension legislation, pension reform, Senate Bill 343
6 Comments
Carraher provides testimony on pension bill
OPERS Executive Director Karen Carraher testified yesterday in favor of pension legislation introduced earlier in the day by the Ohio Senate. Carraher addressed the Senate Insurance, Commerce & Labor Committee on Senate Bill 343, co-sponsored by Senate President Tom Niehaus … Continue reading
Posted in Pension Reform, Pensions
Tagged Ohio PERS, OPERS, pension legislation, pension reform
7 Comments
Why we need pension legislation passed in 2012
Last week the Ohio Public Employees Retirement System put out a call to action for our members to encourage state legislators to pass pension legislation this year. It’s important that we review the changes we are recommending and how they … Continue reading
Posted in Benefits, Pension Reform, Pensions, Regulations
Tagged Ohio PERS, OPERS, pension reform
31 Comments
Help pass pension legislation in 2012
The time for pension redesign legislation is here. And we need your help to make it happen. More than two years ago the Ohio Public Employees Retirement System recommended changes that would help keep us strong and would enable OPERS … Continue reading
Posted in Benefits, Government Relations, Pension Reform, Pensions
Tagged Ohio PERS, Ohio Senate, OPERS, pension legislation
85 Comments
OPERS supporting proposals to declassify boards
The Ohio Public Employees Retirement System’s Corporate Governance Department is participating with the Harvard Law School Shareholder Rights Project to file proposals to declassify boards of directors at some of the companies in which we invest. We believe that a … Continue reading
Carraher talks retirement security on radio show
Ohio Public Employees Retirement System Executive Director Karen Carraher answered questions about retirement security and other issues recently on a call-in radio show in Columbus. Carraher was joined on the April 2 edition of the “All Sides with Ann Fisher” … Continue reading
OPERS details potential changes to health care
In recent months the Ohio Public Employees Retirement System Board of Trustees has been discussing potential changes to the health care coverage that we have offered retired members since 1974. The Board regularly reviews the health care program and makes … Continue reading
Posted in Benefits, Health Care, Pension Reform, Pensions
Tagged health care, Ohio PERS, OPERS, pension reform, retiree health care
131 Comments
Research details pension legislation efforts
As pension legislation is being considered in Ohio, it is interesting to note that in the past three years, 43 other states have enacted various changes in some of their state retirement plans. The National Conference of State Legislatures has … Continue reading
OPERS to introduce updated health care program
Since 1974 the Ohio Public Employees Retirement System has provided the opportunity for retired members to purchase health care coverage. This coverage has, from time to time, been updated because of demographic and market forces. For instance, in 2003 we … Continue reading
Posted in Benefits, Health Care, Pension Reform, Pensions
Tagged health care, Ohio PERS, OPERS, pension legislation
110 Comments
Member examples help explain spiking proposal
In February the Ohio Public Employees Retirement System Board of Trustees voted to adopt a measure in part to address the practice of spiking one’s final average salary to receive higher retirement benefits. The chief tool proposed by the OPERS … Continue reading
Posted in Pensions
30 Comments