Why doesn’t STRS Ohio take responsibility for the challenges facing health care funding, rather than asking employers to share in that responsibility?
Individuals who have been involved with the STRS Ohio Health Care Program for the past several years know that, were it not for changes made by the State Teachers Retirement Board in 2003, the Health Care Stabilization Fund would be depleted by now and the health care program would be ending in 2008. The Retirement Board made some tough decisions that angered many retirees — but they were decisions that needed to be made if the life of the program was going to be extended. These changes included: reducing premium subsidies; completely eliminating the subsidies for spouses and dependents of educators; and raising the eligibility requirement for health care to 15 years of service.
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?
