State Senator Tersa Fedor introduces SB 280 to reinstate the COLA for STRS retirees

 From Cindy Murphy

January 12, 2022

Today, state Senator Teresa Fedor (D-Toledo) introduced Senate Bill 280, which would reinstate the cost of living adjustment (COLA) for retirees in the State Teachers Retirement System (STRS).

“This bill fulfills a promise made to retirees’ years ago,” Fedor said. “With inflation at an all-time high, retirees living on a fixed income need this adjustment more than ever. Though this increase does not make up for all the money they have lost over the years, it is still the right thing to do.”

Long title: To amend section 3307.67 of the Revised Code regarding adjustments by the State Teachers Retirement Board to the cost-of-living adjustment. 

Primary Sponsor(s): Senator Teresa Fedor

Cosponsors:

Senator Kenny Yuko

Senator Nickie J. Antonio

Senator Tina Maharath

Senator Cecil Thomas

Senator Hearcel F. Craig

Senator Sandra R. Williams

Senator Vernon Sykes