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A bill to require municipalities to pay around $80 million a year more toward pensions for law enforcement passed the Ohio House with bipartisan support.
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Ohio’s cities will have less money to recruit cops if they’re required to kick in more money to the police pension fund, according to mayors from both parties.
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They want to prevent public pension funds from considering environmental factors like how a company addresses climate change.
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Retired teachers are angry that payments are going out though the fund lost $3 billion in the last year, and there's no plan to permanently restore cost-of-living increases.
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The State Teachers Retirement System of Ohio is set to award bonuses to its investment staff Thursday.
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Ohio Attorney General Dave Yost claims that the social media giant lied to the public about the harm its products caused to its users, which led to $3 million in losses in losses for the Ohio Public Employee Retirement System.
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Some salaried workers at the Delphi lost their pensions when the auto parts manufacturer, which was part of General Motors, went bankrupt in 2009.
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In a visit to Cleveland on Wednesday, President Joe Biden said his federal stimulus package was throwing a long-sought lifeline to struggling labor pension plans.
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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.
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There’s new movement by state government to show support for Ukraine as it battles an invasion by Russia.