COLUMBUS, Ohio (AP) — The Ohio Senate fast-tracked legislation on Tuesday aimed at shoring up four of Ohio's five public pension funds, with both political parties supporting passage of the changes as early as next week.
The idea is not expected to move so quickly in the Ohio House, where leading Republicans say they are awaiting results of an independent study commissioned by the nonpartisan Ohio Retirement Study Council on the fiscal health of the retirement systems. The report is expected this summer.
Republican Senate President Tom Niehaus and Senate Democratic Leader Eric Kearney jointly announced the Senate's intentions Tuesday to move forward before the study is complete, saying after three years of deliberations it's time to move the pension bills.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
