Columbus – Senate Democratic Leader Eric H. Kearney (D-Cincinnati) released the following statement today after the Ohio Senate passed pension legislation he jointly sponsored with Senate President Tom Niehaus (R-New Richmond):
“I am pleased the Senate has taken this long overdue action to protect the retirement benefits of nearly two million Ohioans. I want to thank President Niehaus, the executive boards of the four pension systems and various stakeholder groups for working hard to reach consensus on how to strengthen our state pension funds and guarantee their solvency.”
“Like all long-term investments, our pension system must make periodic adjustments that reflect the ever-changing economy and the growing number of retirees. While the reforms will not please everyone, they are necessary to keep our pension system strong.
“This bipartisan legislation will preserve the retirement futures of Ohioans who protect our homes and neighborhoods, educate our children and staff our government agencies.”
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