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In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
STRS is one of five public pension systems in Ohio. Combined, the five systems have about $225 billion invested for 655,000 public employees, 486,000 retirees and 1.1 million former government ...
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The State Teachers Retirement System of Ohio is facing "a hostile takeover of a public pension by private interests," according to a 14-page anonymous memo that surfaced Wednesday.
COLUMBUS, Ohio (WCMH) — The Ohio Police and Fire Pension Fund is headed toward a financial crisis, but Ohio’s municipal leaders said they can’t afford the bailout. There was a proposal at ...
The retirement system is also keeping a close eye on the rollout of Ohio's new universal voucher system, which is open to both public and private school students. “To the extent that it starts taking kids out of public education, thereby reducing teachers, thereby reducing payroll, that does affect our system,” she said.
The State Teachers Retirement System of Ohio serves nearly 493,000 active, inactive and retired Ohio public educators. STRS Ohio is one of the largest public pension funds in the country.
In 1987, the company started The Ohio National Foundation, which has donated more than $22 million to nonprofit organizations through 2017. [9] Primary recipients include the United Way; the Duncanson Artist-in-Residence Program at the Taft Museum of Art recognizing contemporary African-American artists; Habitat for Humanity; and the Make-a-Wish Foundation.