Ohio

Ohio — Suspended COLA

Posted by StuartBuck in Ohio on February 6, 2018 with Comments Off on Ohio — Suspended COLA

Law: On Oct. 9, 2017, the Ohio Schools Educational Retirement System (“SERS”) voted to freeze all cost of living adjustments for all retirees for a period of three years.

Type of reform: Cost of Living Adjustment (COLA) suspension

Case: Ohio Association of Public School Employees et. al v. State Educational Retirement System et. al (Case No. 18CV000891, Franklin County Court of Common Pleas) (filed Jan. 29, 2018). Read more…

Ohio — Reduced COLAs, Increased Retirement Age, Reduced Benefits

Posted by Leila Walsh in - -View All States - - on April 21, 2014 with No Comments

Law:

Ordinance No. 84-2011 (March 2011), incorporated into the Cincinnati Municipal Code

Type of reform:   

The ordinance increased the retirement age to 60, lowered the multiplier to 2.2 percent of final salary per years of service up to 30 years (2 percent for years of service after 30 years), and lowered cost-of-living adjustments (COLAs) to 2 percent. Read more…

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