How Ohio’s Proposed Cost-of-Living Adjustments Would Impact OPERS’ Unfunded Liabilities

In Politics by Michael Rae

Currently facing over $24.4 billion in reported unfunded pension liabilities, trustees overseeing the Ohio Public Employees Retirement System (OPERS) are looking for ways to balance their books.
One of the options they are pursuing in 2020—a two-year freeze in annual three percent cost-of-living adjustments (COLAs)—was approved by the OPERS governing board