Do You Have Questions About How the Pension Reform Will Affect You?

On September 26, landmark pension legislation was signed into law that will help preserve and protect the retirement benefits for nearly 1.8 million Ohioans.

The pension bills are the result of a collaborative process involving the pension systems and stakeholders. Due to the economic recession and a growing number of retirees, Ohio’s five public pension systems needed to make adjustments to meet their financial obligations and ensure long-term stability. For example, the Ohio Public Employees Retirement System estimates it has been losing nearly $1 million per day in potential savings while it waited for the General Assembly to act.

The changes will be effective January 7, 2013.

It is recommended that you speak with experts with the pensions systems regarding your retirement benefits. They can look directly into your unique circumstances and can help you consider different retirement scenarios since they have the exact details of your account.

For more information on how your retirement benefits will be affected, please contact the appropriate system below.

PERS/Public Employees Retirement System	800-222-7377
STRS/State Teachers Retirement System	888-227-7877
SERS/School Employees Retirement System	866-280-7377
OP&F/Ohio Police & Fire Pension Fund	888-864-8363
HPRS/Highway Patrol Retirement System	800-860-2268