That miserable 1% stands out like a sore thumb, doesn't it?

From John Curry, July 21, 2009

Of course, none of the other systems pay out at a rate of 88%/35 years, do they?

The best any of them pays out for 35 years is 77%.

Source: Ohio Retirement Study Council annual report - Jan. 30, 2009

http://www.orsc.org/uploadpdf/2008_ORSC_Annual_Report_127th_GA.pdf

Ohio Retirement System Percentage of Employer Contribution
Allocated to Health Care in 2009

PERS 7.00%*
STRS 1.00%
SERS 4.16%**
OP&F 6.75%
HPRS 5.50%

*This amount will be reviewed by the board and may be revised during the first quarter of
2009.
**Does not include employer health care surcharge of up to 1.5% of total active member
payroll.