Why doesn’t STRS Ohio look at requiring members to work longer or later in life to extend the life of the health care program?
At this time, the average age of an STRS Ohio service retiree is 58. If we changed the minimum retirement age to 60 for example, it only adds a few years to the solvency of the health care program. Such a change fails to address the need to fund the liabilities associated with retiree health care.
Related Questions
- Why doesn’t STRS Ohio take responsibility for the challenges facing health care funding, rather than asking employers to share in that responsibility?
- Why doesn’t STRS Ohio look at requiring members to work longer or later in life to extend the life of the health care program?
- Can you describe the optional health care coverage that is offered under the STRS Ohio Defined Benefit and Combined Plans?
