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More than 500,000 beneficiaries rely on the STRS pension fund, 157,000 of them retirees. Ohio teachers contribute 14 percent of their salaries to the fund each year, an amount matched by their ...
Ohio's Social Security benefit payments could rise by as much as $84.6 million per month in total with new cost of living adjustment for 2025. That amounts to $1.01 billion total in additional ...
The State Teachers Retirement System of Ohio is the state's second largest public pension fund and oversees about $90 billion invested on behalf of 500,000 teachers and retirees.
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Ohio's minimum wage will increase from $10.45 per hour to $10.70 per hour starting Jan. 1, 2025. Tipped employee's minimum wage will increase from $5.25 per hour to $5.35 per hour, according to ...
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
The board oversees $90 billion invested for 500,000 teachers and retirees. Republican former Gov. John Kasich initially appointed Wade Steen to the board for a four-year term. DeWine reappointed ...
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