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Category Archives: Benefits
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
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
Proposed spiking measure focuses on contributions
The Ohio Public Employees Retirement System Board of Trustees in February updated its pension legislation proposal with an anti-spiking measure. Several of our members responded to last week’s blog on this topic with questions about how the new measure would … Continue reading
Posted in Benefits, Pension Reform, Pensions, Spiking
Tagged Ohio PERS, OPERS, pension reform, pensions, spiking
48 Comments
Board revises several proposed plan design changes
More than two years have passed since the Ohio Public Employees Retirement System Board of Trustees recommended significant changes to our plan design to the Ohio General Assembly. Recently, members of the Ohio Senate asked us to amend our proposal … Continue reading
Posted in Benefits, Pension Reform, Pensions
Tagged benefits, Ohio PERS, OPERS, pension legislation, pension reform
91 Comments
Ohio law permits rehiring retired pension recipients
Recent media reports concerning the topic of rehired retirees seem to suggest that pension systems such as the Ohio Public Employees Retirement System created the practice. In truth, it is Ohio law that permits retired public employees to be hired … Continue reading
Posted in Benefits, Pension Reform, Pensions
18 Comments
Pension results differ for public, private sectors
We’ve read several studies and reports suggesting that public pension systems should adopt mandatory defined contribution plans or hybrid plans in part because the private sector is doing so. Indeed, the Pension Benefit Guaranty Corp. says that the number of … Continue reading
Posted in Benefits, Pension Reform, Pensions
Tagged DB plans, DC plans, NIRS, Ohio PERS, OPERS, retirement security
9 Comments