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Despite several sacrifices already made by active and retired teachers and school districts, Ohio STRS is still more than $20 billion short of paying for promised pension benefits, a debt that ...
New York State Teachers: $115,637 $115,637 94.2% 7.5% 8 State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement System: $97,713 $96,304 80.2% 7.5% 12 New Jersey Division of ...
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 ...
May 15, 2024; Columbus, Ohio, USA; The State Teachers Retirement System of Ohio, the state's second largest public pension fund, oversees about $90 billion invested on behalf of 500,000 teachers ...
In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19
Oct. 24—LIMA — The State Teachers Retirement System will distribute one-time supplemental benefits to retirees in December as inflation relief, the pension fund's acting executive director ...
The largest teacher pension system in Ohio wants school districts to pay more, which would cost taxpayers an additional $533 million a year.
The outgoing head of Ohio's troubled teachers retirement system said that she is leaving the fund in strong fiscal condition, despite the turmoil at the top that her successor will inherit. In a ...