Thursday, January 07, 2010

You know now!

Did You Know????? That any Ohio elected official can purchase one year of service for every 4 years of elected service in PERS. This means that if a county commissioner is elected for two 4-year terms, he can purchase an additional 2 years and qualify for a 10 year pension. Every one of the elected officials that have been quoted in the recent newspaper articles will be able to improve their pension by a substantial amount. 24 years of service, 6 years of purchase allows them to retire with 30 years of service. All elected service counts included township trustee. They may also purchase military service which will count as time actually worked.
STRS Ohio Retirees that Struggle to Survive (SORTSTS)
Larry KehresMount Union Collge
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