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…
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…