Cost Of Living Adjustments

The State Teachers Retirement System voted to bring back the cost-of-living adjustment after strong investment returns in the last fiscal year, but also after teacher protests and a critical report.

It’s been four years since half a million retired teachers in Ohio have gotten cost of living increases from their pension fund. And with inflation on the rise, teachers have howled about how the lack of those increases has been eating into their benefits.

Retired educators had commissioned a review of the State Teachers Retirement System after questioning fees and bonuses.

State auditor Keith Faber's office wrote to the State Teachers Retirement System informing them of the plans for the special audit.

Unions representing retired school employees are putting pressure on Ohio lawmakers not to freeze or cut cost-of-living allowances in their pensions.About…