|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.
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