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Major Public Pension System Has Slashed Benefits For Retirees For First Time In Years

For the first time in years, a major public pension system has slashed benefits for retirees…

by Jason Burack via Wall St For Main St

For the first time in years, a major public pension system has slashed benefits for retirees: The Ohio Public Employees’ Retirement System voted last week to cut health care benefits provided to the pension’s current and future retirees beginning in 2022 to try and prevent the fund from plunging into insolvency in the not-too-distant future.

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