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What do the reformers want in the pension system? The Ohio Retirement for Teachers Association and its allies on the board are pushing for several changes.
Some local governments do not offer defined-benefit pensions but may offer a defined contribution plan. In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS).
In Pennsylvania, the share of households with people 65 and older and annual incomes of less than $75,000 — an indicator of financial vulnerability — is expected to increase by 17% from 2020 ...
Ohio ranked as the 47th costliest state for a comfortable retirement in the country, slightly cheaper than Michigan and slightly more expensive than Kentucky. Here’s the breakdown for Ohio.
Reformers seeking control of the State Teachers Retirement System of Ohio won another seat on the 11-member board Saturday when Michelle Flanigan was elected.
A retirement plan is a financial arrangement designed to replace employment income upon retirement. These plans may be set up by employers, insurance companies, trade unions , the government , or other institutions.