Retired Ohio public school teachers will receive a 3% cost-of-living adjustment later this year, the first increase since 2017.
COLUMBUS, Ohio --
Included in the board’s resolution for the cost-of-living adjustment is a statement that it would consider additional increases in the future, no later than next spring, Treneff said. But on Thursday, the board eliminated the age requirement. The 35 years of service still remains, but by eliminating the minimum age, younger teachers will be able to retire when they have enough years of service.
The group of teachers, on the other hand, hired a nationally renown pension expert who is suspicious about fees the pension pays to Wall Street money managers, especially for “alternative investments,” which includes private equity, real estate, venture capital and hedge funds.for access to documents showing fees, bonuses and other information. Former Ohio attorney general Marc Dann is representing the expert at the Supreme Court as he fights STRS for documents.
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