The Ohio Public Employees Retirement System is considering cuts to annual pension cost-of-living adjustments. The system is looking at limiting the adjustments to its current cap of 3 percent, freezing the adjustments between one and five years or lowering the 3 percent cap. Executive Director Karen Carraher says it would keep funding strong. The proposals are estimated to save the pension fund 1.7 to 6.3 billion dollars annually.
OPERS Considering Cutting Cost-Of-Living Adustments
