{"id":2432,"date":"2011-02-03T02:24:07","date_gmt":"2011-02-03T07:24:07","guid":{"rendered":"https:\/\/thevwindependent.com\/?p=2432"},"modified":"2011-02-03T02:24:07","modified_gmt":"2011-02-03T07:24:07","slug":"wachtmann-introduces-state-pension-bill","status":"publish","type":"post","link":"https:\/\/thevwindependent.com\/news\/2011\/02\/03\/wachtmann-introduces-state-pension-bill\/","title":{"rendered":"Wachtmann introduces state pension bill"},"content":{"rendered":"<p>COLUMBUS \u2013 State Representative Lynn Wachtmann (R-Napoleon) recently introduced legislation that, if enacted, will amend various aspects of Ohio\u2019s five public pension systems in an effort to ensure their long-term solvency.<\/p>\n<figure id=\"attachment_2433\" aria-describedby=\"caption-attachment-2433\" style=\"width: 150px\" class=\"wp-caption alignright\"><a rel=\"attachment wp-att-2433\" href=\"https:\/\/www.thevwindependent.com\/?attachment_id=2433\"><img decoding=\"async\" class=\"size-full wp-image-2433 \" style=\"border: 1px solid black\" src=\"https:\/\/www.thevwindependent.com\/news\/wp-content\/uploads\/2011\/02\/Lynn-Wachtmann-6-2009.jpg\" alt=\"\" width=\"150\" height=\"239\" \/><\/a><figcaption id=\"caption-attachment-2433\" class=\"wp-caption-text\">State Rep. Lynn Wachtmann<\/figcaption><\/figure>\n<p>\u201cEnsuring the stability of Ohio\u2019s five public pension systems is paramount for all current and future public retirees, as well as for the entire state,\u201d said Wachtmann. \u201cI believe that this legislation is a vital step toward making our state\u2019s pensions more manageable and sustainable.\u201d<\/p>\n<p>Based on recommendations from each of the five public pension systems, House Bill 69 will revise plans for the Public Employees Retirement System (PERS), State Teachers Retirement System (STRS), School Employees Retirement System (SERS), Ohio Police &amp; Fire Pension Fund (OP&amp;F), and Highway Patrol Retirement System (HPRS).<\/p>\n<p>The legislation would modify employee contributions, retirement eligibility, benefit accrual rate, financial average salary, cost of living adjustments, allocation to retiree health care benefits, part-time and full-time service credits, purchased service credits, and deferred retirement option plans. These changes are expected to impact approximately 1.7 million members, retirees, dependents and beneficiaries.<\/p>\n<p>House Bill 69 was introduced following testimony in the House Health and Aging Committee from the leaders of the five pension systems, who each outlined their boards\u2019 approved plans for financial solvency. It will now be assigned to the Pensions and Retirement Subcommittee of the House Health and Aging Committee, where it will undergo thorough consideration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COLUMBUS \u2013 State Representative Lynn Wachtmann (R-Napoleon) recently introduced legislation that, if enacted, will amend various aspects of Ohio\u2019s five public pension systems in an effort to ensure their long-term solvency. \u201cEnsuring the stability of Ohio\u2019s five public pension systems is paramount for all current and future public retirees, as well as for the entire [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2432","post","type-post","status-publish","format-standard","hentry","category-news"],"publishpress_future_action":{"enabled":false,"date":"2026-08-03 00:34:55","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/2432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/comments?post=2432"}],"version-history":[{"count":0,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/2432\/revisions"}],"wp:attachment":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/media?parent=2432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/categories?post=2432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/tags?post=2432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}