Are current STRS Ohio pension benefits safe?
Paying current monthly pension payments is not the problem. STRS Ohio has the cash flow needed to do this. Currently, the system is receiving about $2.9 billion in member and employer contributions per year, while paying out about $5.6 billion in pension benefits. STRS Ohio is able to make up the difference through drawing upon our accrued assets, along with cash proceeds from investment income in the form of interest, rent and dividends.
Related Questions
- Going forward, how will pension and health care benefits associated with Special Early Retirements and Layoffs be affected?
- How does STRS Ohio’s proposed pension legislation affect STRS Ohio’s Defined Contribution Plan and Combined Plan?
- Isn’t the state of Ohio constitutionally bound to bail out STRS Ohio if it can’t meet its pension obligations?
