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Category Archives: Regulations
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
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
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
OPERS welcomes pension dialogue
The Ohio Public Employees Retirement System welcomes constructive debate about pending pension legislation and what is good public policy for the state. However, the recent commentary by the Buckeye Institute unfortunately could have the potential to harm the dialogue that … Continue reading
Posted in Pension Reform, Pensions, Regulations
24 Comments
GASB proposal could distort pension funds’ outlook
Representatives of the Ohio Public Employees Retirement System testified recently that proposed changes in accounting rules could create misleading information about the true health of public pension systems. A report released this week by the Center for Retirement Research at … Continue reading
Posted in Pension Reform, Pensions, Regulations, Research
Tagged Center for Retirement Research, GASB, GASB rules, Ohio PERS, OPERS
2 Comments
ORSC chooses consultants for review of pensions
The Ohio Retirement Study Council has chosen the team of Pension Trustee Advisors and KMS Actuaries to conduct an actuarial review of the five Ohio public retirement systems and provide input on pension legislation. The ORSC, in addition to the … Continue reading
OPERS responds to GASB reporting proposal
OPERS Executive Director Karen Carraher and Assistant Director of Finance Charlene Powell last week asked the Governmental Accounting Standards Board (GASB) to reconsider some details of its proposal to alter pension reporting standards. GASB is the independent organization that establishes … Continue reading
Posted in Pension Reform, Pensions, Regulations
Tagged GASB, Ohio PERS, OPERS, pension accounting, pensions
2 Comments
Actuarial reviews commonplace at OPERS
The Ohio Public Employees Retirement System uses an extensive list of actuarial services to help assure we are able to maintain the benefit structure that our members and retirees have acquired through their years of employment. For many years we … Continue reading
Posted in Pension Reform, Pensions, Regulations
Tagged actuarial review, Ohio PERS, OPERS, pensions
4 Comments
GASB proposal could have impact on pensions
The Governmental Accounting Standards Board, which creates reporting standards for public entities, recently issued draft rule changes for pension systems that could profoundly affect the way we do business. Contained in one of two “exposure drafts,” the proposed new rules … Continue reading