Government and Politics
Monday, June 21, 2010
Senator Kirk Schuring says all options are on the table regarding pension fund reform
But fixes won't happen soon
by WKSU's JEFF ST. CLAIR |
Reporter / Host
Jeff St. Clair | | |
 | | Senator Kirk Schuring, Republican 29th District. Vice Chair, Ohio Retirement Study Council |
State lawmakers are looking for ways to shore-up Ohio's struggling public pension funds, but it's not going to happen right away. The State Teachers Retirement System is in the worst shape of the 5 public pension funds that provide retirement income to, teachers, school superintendents, public employees, police and firemen. Their groups submitted recommendations to lawmakers to help the funds regain solvency after losses due to the economic downturn. The options include raising the retirement age and increasing contributions. Vice Chair of the Ohio Retirement Study Council, Stark County Republican Kirk Schuring says he wants to protect retirees, but all options are on the table.
Schuring says he doesn't expect any final legislation on fixing the public pension funds until early next year. |
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