OPERS Board votes on cost-of-living changes
Posted
Oct. 18, 2017
by OCSEA
Today, the Ohio Public Employee Retirement System Board voted on changes to the retiree Cost of Living Adjustment (COLA) that sought to bring balance to the fund and keep benefits sustainable for years to come. The changes came after a long period of gathering feedback from active members and retirees. Among the changes is tying the COLA to the Consumer Price Index beginning in 2019 and capping it at 2.25 percent. Read about more of the changes HERE.