Originally posted March 23, 2007

In March 2007, the State Teachers Retirement Board sent the Ohio Retirement Study Council (ORSC) its plan for the continued reduction of the funding period of the pension fund. This report shows that STRS Ohio is on track to return to a 30-year funding period for its pension fund within two-to-three years, assuming there are no net actuarial losses. Further, if the contribution increase being sought through the health care legislation can be obtained, the current 1% of employer contributions going toward health care can start flowing back into the pension fund, further accelerating the speed at which the pension fund’s unfunded liabilities are reduced. Click the link below to access a copy of the report.

March 2007 Report to the Ohio Retirement Study Council