Kasich to sign 5 bills shoring up public pensions

COLUMBUS, Ohio (AP) — Gov. John Kasich (KAY’-sik) is prepar­ing to sign a pack­age of bills shoring up Ohio’s five pub­lic pen­sion funds.

The Repub­li­can gov­er­nor has sched­uled the sign­ing for Wednesday.

The bills make changes to funds cov­er­ing some 1.8 mil­lion retirees, future retirees and their fam­i­lies. They make a vari­ety of adjust­ments to pre­mi­ums, ben­e­fits, and retire­ment eli­gi­bil­ity require­ments for teach­ers, police, troop­ers, and other pub­lic workers.

The reform pack­age is aimed at keep­ing the funds sol­vent. It cleared the state Leg­is­la­ture with bipar­ti­san support.

The affected funds are: Ohio Pub­lic Employee Retire­ment Sys­tem, State Teach­ers Retire­ment Sys­tem, School Employ­ees Retire­ment Sys­tem, Ohio High­way Patrol Retire­ment Sys­tem and the Ohio Police and Fire Pen­sion Fund.

Posted by Matt Echelberry on Sep 26 2012. You can follow any responses to this entry through the RSS Feed. Both comments and pings are currently closed.