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Pension Reform Changes
Age and Service Credit
Passed in 2012, the changes consist of an increase in the age and years of service requirements that determine a member’s retirement eligibility. These changes were implemented to address the longer life expectancy of retirees.
Members who have fewer than 25 years of service credit on or after August 1, 2017 must require under the new retirement eligibility requirements.
Click here for more information on the new eligibility requirements, as well as a series of videos to address your different pension reform options.
Cost-of-Living Adjustment (COLA)
The proposed COLA changes, estimated to take effect January 1, 2018, are necessary to address immediate financial challenges and long-term funding goals.
While the pension reform changes in 2012 only impacted active members, the COLA changes will equally and fairly affect both active members and retirees.
Click here to find out how your COLA will be changing.
Pension Reform Estimates
Curious what your pension would be before and after implementation of the changes effective 8/1/2017? Click here to request an estimate.
COLA Changes: What You Need to Know
Click here to read about the proposed changes to the Cost-of-Living Adjustment.
Click here for a chart that compares SERS' proposed COLA changes to the COLAs of other Ohio public retirement systems. This document also contains a breakdown of percentage changes in the Consumer Price Index over the past 15 years.
Click here for a detailed statement from SERS' actuary.