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Showing posts from April, 2014

April Board News

(The text below is reprinted from the news release by STRS on 4/25/2014.)

Board Reviews Proposed Changes to STRS Ohio Health Care Program for 2015 and 2016 During the April meeting of the State Teachers Retirement Board, STRS Ohio staff presented the Retirement Board a two-year health care plan for years 2015 and 2016. The recommendations continue building upon the multi-year strategic plan that began with the board’s December 2011 approval of a strategic health care program framework. A key component of that framework is to extend the projected solvency of the Health Care Fund to 65 or more years by 2025. Staff recommended the changes outlined below with the board’s strategic framework in mind. The board will be asked to vote on these items at its May meeting. Proposed Changes to STRS Ohio’s Health Care Program for 2015 Reducing the subsidy multiplier by 0.1% to 2.2% per year of service — continues the phased-in reduction that the board began in 2012. A retiree with 30 or more years o…