Starting January 7th, 2012, Ohio’s five public pension systems will undergo a new set of policies that will allow them to remain solvent and sustainable for many years to come. The Ohio House convened last month to pass five bills, one for each of the pension systems. The governor also signed the bills into law shortly thereafter.
Not only did the reforms win approval from both political parties, but they also were applauded by the individual pension systems themselves. We all agree these changes will result in long-term protection for Ohio’s public employees.