|Pension changes may swell Ohio teacher retirements|
|Written by By Associated Press|
|Monday, 21 January 2013 13:00|
COLUMBUS, Ohio (AP) — Education leaders in Ohio are expecting a wave of teacher retirements in the coming months.
The Columbus Dispatch reports (http://bit.ly/T4fH9t ) that changes in retirement rules will give teachers across the state a strong incentive to retire by July 1.
Teachers who retire in the first half of 2013 will begin receiving 2 percent cost-of-living increases to their pensions in 2015 while those who don't must wait until 2018 to see increases.
Similar changes to the Ohio Public Employees Retirement System led to a big number of retirements at the end of 2012.
Officials with the School Employees Retirement System and the State Teachers Retirement System say they'll have a good idea about the potential impact on retirements in a few months.
Information from: The Columbus Dispatch, http://www.dispatch.com
Copyright 2013 The Associated Press.
Front Page Stories
|Photographer finds picture perfect career
05/18/2013 | JACK CARLE Sentinel Sports Editor
Elizabeth Lee. (Photo: J.D. Pooley/Sentinel-Tribune) A passion for photography ha [ ... ]
|Pemberville woman fights incurable disease|
05/18/2013 | PETER KUEBECK Sentinel Staff Writer
Karen Williams talks about scleroderma with her husband Charles at their home in Pemberv [ ... ]