[Emeritiassoc] STRS pension reform
baum at ohio.edu
Fri Apr 27 13:34:39 EDT 2012
A little over two years ago STRS and the other four public service
pension systems proposed changes that would shore up the finances of the
The Ohio Senate is now taking the lead on addressing this much delayed
legislative business.According to the Healthcare and Pension Advocates
(HPA), the STRS system's bill is being drafted in the LSC (Legislative
Services Commission).Language for the OPERS and the other three systems'
bills is also being generated.The STRS bill could be introduced in the
as soon as May 7-11, with hearings May 14-18. A Senate vote on the bills
of all five systems could take place at the close of that same interval
(May 14-18).Co-sponsors will be Sen. Niehaus and Sen. Kearney.As noted
by The /Akron Beacon Journal/ (April 25, 2012), "The pension systems
want to manage better their financial positions.They have proposed as
much.Now lawmakers must get out of the way by giving their approval,
allowing the systems to get busy on the task."
Now is the time to contact your state senator, urging both support and
(The above information was provided by Dick Hill, a member of the Ohio
Council of Higher Education Retirees [OCHER]).
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