Ohio Teacher Pension Fund Managers Made $4 Million in Bonuses
The managers of Ohio’s state teacher pension fund made nearly $4 million in bonuses last year.
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March 18, 2013
September 24, 2012
Week Ahead: Ohio Featured on NBC’s Education Nation, Obama Visits Kent State and Bowling Green
Coming Up This Week Monday-Tuesday: Ohio is the focus of two school success stories on NBC’s Education Nation event. The Cincinnati school district gets kudos for “cradle to career” support for students. And Steubenville’s Wells Academy is recognized for using a highly scripted curriculum that tells teachers what material they should cover every day. (We’ve written [...]
Week Ahead: Ohio Featured on NBC’s Education Nation, Obama Visits Kent State and Bowling Green
Coming Up This Week Monday-Tuesday: Ohio is the focus of two school success stories on NBC’s Education Nation event. The Cincinnati school district gets kudos for “cradle to career” support for students. And Steubenville’s Wells Academy is recognized for using a highly scripted curriculum that tells teachers what material they should cover every day. (We’ve written [...]
September 12, 2012
OFT President Melissa Cropper: Pension Reform is Bitter but Necessary
There’s a set of bills headed to Gov. John Kasich that will make significant changes to Ohio’s five public pension plans. That means school employees, teachers and other state and local government workers can expect to see significant changes to their retirement plans. For teachers, that means an increase in the amount they have to [...]
OFT President Melissa Cropper: Pension Reform is Bitter but Necessary
There’s a set of bills headed to Gov. John Kasich that will make significant changes to Ohio’s five public pension plans. That means school employees, teachers and other state and local government workers can expect to see significant changes to their retirement plans. For teachers, that means an increase in the amount they have to [...]
May 14, 2012
Ohio House Unlikely to Take on Teacher Pension Changes Until November
State lawmakers have been working for several years on the “urgent” issue of pension reform, but it will likely be a while before proposed changes take effect. As we reported earlier, Ohio teachers could be paying more for their pensions and getting less under a new plan approved by the State Teachers Retirement System board. Last week, Senate President [...]
Ohio House Unlikely to Take on Teacher Pension Changes Until November
State lawmakers have been working for several years on the “urgent” issue of pension reform, but it will likely be a while before proposed changes take effect. As we reported earlier, Ohio teachers could be paying more for their pensions and getting less under a new plan approved by the State Teachers Retirement System board. Last week, Senate President [...]
April 25, 2012
New Teacher Pension Plan Calls for Raising Teacher Contributions, Retirement Eligibility Ages
Eyton Z / Flickr A new plan being pitched to legislators to ensure Ohio’s teacher pension system can meet its obligations would save the State Teachers Retirement System about $13.3 billion in future pension costs and other accrued liabilities. But it would also have teachers “paying more and getting less,” the Columbus Dispatch reports. The plan approved [...]
New Teacher Pension Plan Calls for Raising Teacher Contributions, Retirement Eligibility Ages
Eyton Z / Flickr A new plan being pitched to legislators to ensure Ohio’s teacher pension system can meet its obligations would save the State Teachers Retirement System about $13.3 billion in future pension costs and other accrued liabilities. But it would also have teachers “paying more and getting less,” the Columbus Dispatch reports. The plan approved [...]
March 21, 2012
Help Us Understand What’s Wrong With Double-Dipping
What’s wrong with double-dipping? That’s what some StateImpact Ohio commenters want to know. We wrote earlier this week about the practice of double-dipping, which is when a public employee retires, begins collecting his or her full pension, and then is rehired, usually by the same school district or agency that the employee retired from. The [...]
Help Us Understand What’s Wrong With Double-Dipping
What’s wrong with double-dipping? That’s what some StateImpact Ohio commenters want to know. We wrote earlier this week about the practice of double-dipping, which is when a public employee retires, begins collecting his or her full pension, and then is rehired, usually by the same school district or agency that the employee retired from. The [...]
March 19, 2012
Why Ohio School Boards Approve of Double-Dipping
Anne Lucas Di Elmo / Flickr Double-dipping is common in Ohio schools, and we’re not talking about two scoops with a cherry on top. Double-dipping is when a public employee retires, begins collecting his or her full pension, and then is rehired, usually by the same school district or agency that the employee retired from. [...]
Why Ohio School Boards Approve of Double-Dipping
Anne Lucas Di Elmo / Flickr Double-dipping is common in Ohio schools, and we’re not talking about two scoops with a cherry on top. Double-dipping is when a public employee retires, begins collecting his or her full pension, and then is rehired, usually by the same school district or agency that the employee retired from. [...]