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 Opers Forms Ohio 2018-2025

Opers S 2018-2025 Form

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Instructions and help about dmhas 0484

hi this is Cathy Candace key with the Columbus Dispatch and today the Ohio Public Employee Retirement System voted to cut benefits to 1 million members that includes future retirees and current retirees essentially what the board of did this was by a vote of 72 was approve a plan to reduce the cost of living adjustment so that it matched the Consumer Price Index with a cap of 2.25 percent this is going to save the the system about four four billion dollars one-time savings about four billion dollars the proposal though first has to be approved by the General Assembly so this is a recommendation from the board that now goes to the General Assembly for approval uncertain what kind of fate it might meet there but it certainly has folks that rely on this system it's about 1 in 12 Ohio workers worried because this is gonna be see they're gonna see less benefits when they retire or less benefits now when they for those that are already retired under the plan these cuts would

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