retirement benefits

News
4:44 pm
Wed September 12, 2012

Pension changes mean less benefits, higher costs

Starting in January, some Ohio teachers, police, firefighters, and other government workers who retire will face higher costs and lower benefits than they’ve been expecting. That’s because of action today (Wednesday) by Ohio legislators. As statehouse correspondent Bill Cohen reports, they’ve just given final approval to bills that will phase in big changes in Ohio’s 5 pension systems.