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Category Archives: Government Relations
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
Senate report does not reflect Ohio’s DB plan history
A U.S. Senate report questioning the liabilities of defined benefit pension plans doesn’t match up with the 76-year experience of the Ohio Public Employees Retirement System. “State and Local Government Defined Benefit Pension Plans: The Pension Debt Crisis that Threatens … Continue reading
Posted in Benefits, Government Relations, Pension Reform, Pensions, Regulations
Tagged DB plans, Ohio PERS, OPERS, Orrin Hatch, pension crisis, retirement security
4 Comments
Election votes have limited effect on OPERS
Much of Election Day in Ohio focused on ballot issues. They included Issue 2, the effort to repeal the collective bargaining bill passed in Senate Bill 5, and Issue 3, the referendum effort to allow Ohioans to choose their health … Continue reading
Posted in Benefits, Government Relations, Pension Reform, Pensions
Tagged Election Day, Ohio PERS, OPERS, pension redesign
1 Comment
OPERS, retirees working together
Recently it was our privilege to address members of Public Employee Retirees Inc. (PERI) at the group’s annual meeting in Columbus. A group of OPERS staff, including executive director Karen Carraher, spoke to more than 500 retirees to review our … Continue reading
Posted in Government Relations, Pension Reform, Pensions
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OPERS members contribute to their pensions
Despite what you may have heard lately about public employees contributing to their pensions, the fact is that Ohio law requires employee contributions by members of the Ohio Public Employees Retirement System. Most Ohio public workers, who include highway workers, … Continue reading
Posted in Government Relations, Pension Reform, Pensions
Tagged employee contributions, employer contributions, Ohio PERS, OPERS, pickup
6 Comments
News article conveys misleading info on OPERS
Comments published this week about Ohio’s pension systems display a fundamental misunderstanding of how the Ohio Public Employees Retirement System invests and maintains adequate funds for retirement pensions, and how we have worked to ensure the fund’s fiscal strength. In … Continue reading
Posted in Government Relations, Pension Reform, Pensions
Tagged bailout, Dayton Daily News, Ohio PERS, OPERS, pension reform, Ponzi scheme
17 Comments
Budget moves ahead without contribution change
A proposal to shift some pension contributions from public employers to employees was left out of the final draft of Ohio’s biennial budget yesterday. The Ohio legislature’s budget conference committee agreed on final terms of the two-year spending plan late … Continue reading
Posted in Government Relations, Pension Reform, Pensions
Tagged contribution shift, ohio budget, Ohio PERS, OPERS
5 Comments
OPERS offers ideas on pension system review
OPERS provided input this week to the Ohio Retirement Study Council regarding a proposed actuarial study involving the state’s five public retirement systems. A subcommittee of the council, which provides oversight of the systems, invited us and the other retirement … Continue reading
Posted in Benefits, Government Relations, Pension Reform, Pensions, Research
Tagged Ohio PERS, Ohio Retirement Study Council, OPERS, ORSC, pension reform
8 Comments