12 am: 35°FCloudy

2 am: 33°FCloudy

4 am: 33°FCloudy

6 am: 32°FCloudy

More Weather

Pension changes may swell Ohio teacher retirements

Jan. 21, 2013 @ 01:07 PM

COLUMBUS, Ohio (AP) — Education leaders in Ohio are expecting a wave of teacher retirements in the coming months.

The Columbus Dispatch reports that changes in retirement rules will give teachers across the state a strong incentive to retire by July 1.

Teachers who retire in the first half of 2013 will begin receiving 2 percent cost-of-living increases to their pensions in 2015 while those who don’t must wait until 2018 to see increases.

Similar changes to the Ohio Public Employees Retirement System led to a big number of retirements at the end of 2012.

Officials with the School Employees Retirement System and the State Teachers Retirement System say they’ll have a good idea about the potential impact on retirements in a few months.

 

()