That "miserable" 1% was all we had left and yet one board member tried to take THAT away from us?????

From John Curry, January 23, 2011

A third option, proposed by Chairman Tim Myers, would modify scenario II by taking the remaining 1 percent employer contribution to STRS health plans and moving it over to the retirement fund. The minimum retirement age for full benefits would remain 60 years, but the minimum years of service would be reduced to 30.

"If we do that," responded board member Bob Stein, "we'll have to deal with that when we take up federal health care legislation. We'll have to reduce something we don't want, or we'll have to go back to the Legislature -- and they'll take another two years to figure it out."

Ohio Retirement System

Percentage of Employer Contribution Allocated to Health Care in 2010

OPERS 5.5%%*
STRS 1.00%
SERS 0.46%**
OP&F 6.75%
HPRS 4.50%

*The OPERS board will review the percentage allocated to health care at the February 2010 board meeting.

**Does not include employer health care surcharge of up to 1.5% of total active member payroll.