Retirees

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STRS eliminates COLA to protect pension

Faced with massive unfunded liabilities, the State Teachers Retirement Board in April voted to eliminate cost-of-living adjustments (COLA) starting July 1. Health care premiums for those covered by STRS are expected to increase as cost trends continue to go up. 

SERS seeks legislative change to protect your pension

The pension fund for non-teaching school employees, SERS Ohio, is drafting a bill that would give that pension board the authority to change the cost-of-living adjustment (COLA) for retirees; that authority now rests with legislators. While the pension fund is currently within the legally required 30-year funding liability period, gaining the authority to make changes itself would allow the board to be more agile in protecting your pension.

Retiree chapters keep OFT members informed, involved

As OFT members transition to retirement and the close of your career, you won't leave OFT. We have three active retiree chapters to keep you informed about issues impacting retirement and pensions. Retiree chapters are also a good way to stay in contact with friends and colleagues.

For info on joining the Cincinnati Federation of Teachers retiree chapter, Local 1520-R, call 513-961-2272. For info on joining the Cleveland Teachers Union retiree chapter, Local 279-R, visit http://ctur.oh.aft.org  or call 216-861-7676. For info on joining the Toledo Federation of Teachers retiree chapter, Local 250-R, call 419-535-3013.

State Teachers Retirement System of Ohio (STRS)

Pension fund for teachers. The mission of STRS Ohio is: To partner with STRS Ohio members in providing financial performance and member service that assures financial security for current and future retirees. Find out about the services offered to members.

School Employees Retirement System of Ohio (SERS)

Pension fund for non-teaching school employees. The mission of SERS is to provide pension benefit programs and services to our members, retirees, and beneficiaries that are soundly financed, prudently administered, and delivered with understanding and responsiveness. Find out about the services offered to members.

Ohio Public Employees Retirement System (OPERS)

Pension fund for public employees. OPERS is the largest state pension fund in Ohio and the 12th largest public retirement system in the U.S. The mission of OPERS is: To provide secure retirement benefits for our members. Find out about the services offered to members.

National Institute on Retirement Security

The National Institute on Retirement Security is a not-for-profit organization established to contribute to informed policymaking by fostering a deep understanding of the value of retirement security.