Expect pension changes with Ohio legislators' vote
By Robert Wang
Posted Sep 12, 2012 @ 12:31 AM
Most public employees in Stark County will have to work more years to qualify for pension benefits.
By 2015, most police officers and firefighters will have to contribute an additional 2.25 percent of their pay for their pensions.
And most government workers today — unlike current retirees — won’t get annual automatic 3 percent cost-of-living increases in their retirement benefits.
The Ohio General Assembly is expected to vote today to approve these and several other major changes to take effect Jan. 7 for the five pension systems for all state and local public employees.
And in contrast to the rancor last year over Senate Bill 5, legislators are expected to approve the five pension bills by large bipartisan majorities, with the blessing of the unions.
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