Retired Ohio Public Workers Receive Massive Cuts to Health Care Benefits Starting in 2022

Following a year in which stock markets posted healthy gains, the organization running Ohio’s public employee benefits is cutting back — a lot.

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The $36 Billion Multi-Employer Pension Time Bomb Is Almost Ready to Go Off

retired people

By Robert Romano   114 out of the nation’s 1,400 multi-employer pension plans covering 1.3 million workers are underfunded to the tune of $36.4 billion, with plans expected to start going insolvent in the next 5 years or so, an Aug. 2017 analysis by Cheiron has found. This is the end result…

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