Approved changes to pension reform bills affecting Miami University employees

The Ohio House and Senate Wednesday, Sept. 12, approved changes to pension reform bills affecting Miami University employees. Sub. Senate Bill 342, the STRS pension reform bill, and Sub. S.B. 343, the PERS pension reform bill, will be sent to the governor, who is expected to sign them.

Below are the bulleted lists created by Miami highlighting the approved changes.

Summary of Am. Sub. S.B. 342 - STRS Pension Reform (PDF 91KB)
Summary of Am. Sub. 343 - PERS Pension Reform (PDF 31KB)

 

Update on Ohio public pension reform, June 2012

Miami has created charts (see below) to highlight the proposed changes to the pension plans; STRS, OPERS and OPERS-LE for law enforcement. The charts can be found below. This is Miami's best effort to provide information on the current proposals in an understandable format. The charts are summaries and do not contain many of the details in the bills passed by the Ohio Senate. These charts should not be relied upon in making retirement decisions.

The University will share additional information as it becomes available but employees are encouraged to read communications from and direct questions to OPERS and STRS as official sources for the latest information regarding pension legislation. Both groups have special coverage sections with the latest legislative updates, presentations and benefit calculators.

OPERS proposed changes  (PDF 160KB)
STRS proposed changes (PDF 143KB)

additional resources

${moduleImageDisplayName}

For more information on this topic, visit the websites below:

OPERS

STRS (Ohio)

Ohio Legislative Service Commission