Pension News 2025
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Summaries of the most recent OSHPRS Board meetings are now being provided to the membership.  To access the summary, link to the Retirement System's web page , log into your account and click on "Board Meeting Updates".  During the February 21st meeting, the strategic plan was updated and GRS Retirement Consulting provided an overview of their most recent actuarial report and its potential impact on future COLA and active member contribution rates.  
CNBC / Experts say benefits from the Social Security Fairness Act may be difficult to implement
CNBC / SSA announces they will pay retroactive benefits "immediately" to eligible beneficiaries
CBS News / Those who benefit from the Social Security Fairness act are receiving retroactive payments
Newsweek / Increased SSA benefits for those impacted by the Social Security Fairness Act will start in April 
Cleveland News 5 / DeWine stunned by STRS behavior with firm accused of corruption
Dispatch / Ohio public pension systems down $4 billion as tarriff war continues
Cleveland News 5 / Retired teachers will get 1.5% COLA, needed years of service for retirement reduced
Dispatch / STRS will spend $1.8 billion so teachers can retire earlier and receive a COLA
Cleveland News 5 / STRS Board members could lose voting power 
Cleveland.com / Ohio police push scaled-back pension plan to boost employer contributions
WCMH 4 / Ohio lawmakers consider changes to STRS
WCPO 9 / Will proposed law requiring city to give more to police pensions result in officers being cut?

OHPRS Announces 2.7% COLA Adjustment for 2026

At the June board meeting, the decision was made to provide a 2.7% COLA in 2026, to those members that qualify, and to keep the active member contribution rate at 14%. No funds will be allocated to the health care fund for 2025.

A comprehensive funding policy is utilized to guide the board in deciding about COLA for the upcoming year. This funding policy was recently updated as a result of a recommendation from the Special Committee on COLA, to allow consideration of an Exceptional Basis COLA. This modification to the policy resulted in a 2.7% COLA for eligible members in 2026 that would not have been approved otherwise.

Source - OHPRS July Newsletter