Tag Archives: pension reform

Latest Pew Center report tracks pension liabilities

A new Pew Center for the States report shows that Ohio is on the right track with pension reform legislation but paints an inaccurate picture of the current health of the Ohio Public Employees Retirement System. “The Widening Gap,” released … Continue reading

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The knowns and unknowns about pension reform

In commenting on our recent blog about when to file for retirement, one of our readers expressed frustration with the lack of clarity surrounding the pension bill. “I wonder how many members are making the decision to retire now based … Continue reading

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Report: Retirement anxiety at high level

Feeling some stress over your retirement security? A recent study indicates that you’re not alone. A large majority of Americans are concerned about retirement, and 84 percent of people polled by the National Institute on Retirement Security say the economy … Continue reading

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OPERS provides testimony on budget bill

The Ohio Public Employees Retirement System today asked an Ohio House committee to withdraw a proposal to alter our contribution rate structure. In testimony before the House Finance Committee on Substitute House Bill 153, the biennial budget bill, OPERS interim … Continue reading

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OPERS is beneficial to all Ohioans

The numbers don’t lie: Ohio PERS is good for Ohio. Amid all the attention that people are paying to the Ohio Public Employees Retirement System as the Ohio Legislature considers pension reform, the fact remains that our system is a … Continue reading

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The basics about our proposed COLA changes

One of the most talked-about provisions of our proposed pension reform concerns the cost of living adjustment, or COLA. That’s the annual increase in pension benefit paid to retirees. Our current policy, which has been in effect since 2001, is … Continue reading

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OPERS has offered DC plan option since 2003

As the wave of pension reform spreads across the country, there has been significant discussion about the merits of defined-contribution pension plans and defined-benefit pension plans. Defined-contribution pensions are similar to 401(k) savings plans in that they require a set … Continue reading

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OPERS website features pension-related data

No matter where you look, there’s plenty of information about Americans’ quest for secure retirement income. To help transform this information into knowledge, Ohio Public Employees Retirement System associates are identifying, researching and organizing informational resources about retirement security.

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Substitute bill to provide details of pension reform

The Ohio Public Employees Retirement System anticipates that details about pending pension legislation could soon become clear. A substitute bill to House Bill 69, pension reform legislation that Rep. Lynn Watchmann introduced on Feb. 1, is expected to be introduced … Continue reading

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