COLUMBUS, Ohio (AP) — Ohio government analysts are estimating a new collective bargaining law could save the state about $191 million each year. And they say school districts, townships and other local governments could see more than $1 billion in savings annually.

The figures were released Monday by the state's Department of Administrative Services. The estimates were based on parts of the law dealing with health care costs and wages. The measure prohibits employers from paying more than 85 percent of workers' health insurance costs. It also gets rid of automatic pay increases and pay based on length of service.

Gov. John Kasich signed the legislation Thursday. It bans public employee strikes and restricts bargaining for more than 350,000 state workers, teachers, police officers and others.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.