Struggling Ohio Pensions Seek Ways to Cut the Growing Costs

The Ohio Public Employee Retirement System (OPERS)—the largest of Ohio’s five state pension plans and 12th largest in the county—has announced that it will be pegging cost-of-living (COLA) benefits to the Consumer Price Index, with a 2.25% cap and two-year delay for when the first COLA payments are issued, beginning in 2019. The current COLA rate