HB 645 and...what has Representative Wolpert been smoking? A move to trash defined benefits for future state retirement system participants?

From John Curry, November 26, 2008

This bill applies to all 5 public retirement systems and...as I read it, will force future educators, firemen, policemen, etc. INTO A DEFINED CONTRIBUTION PLAN ONLY. !!!!!!!! You have to scroll down (way down) to 3307.252(A) to get to the part that applies to future teachers. It looks as if Rep. Wolpert is trying to trash defined benefits for all future state employees!!!!!!!!! This, if true, is a major rip-off. Here is a link to this lengthy bill.

http://www.legislature.state.oh.us/BillText127/127_HB_645_I_N.html

John