COLUMBUS, Ohio (AP) — The Ohio Senate is getting ready to take up legislation aimed at shoring up several of the state's five public pension funds.
The Senate fast-tracked the legislation last week with bipartisan support.
Accounting and performance audits of the pension funds have showed their long-term solvency could be at risk because of an influx of retirement-age baby boomers and economic challenges faced by government employers. That would jeopardize the funds' ability to pay benefits to teachers, police and other public workers.
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