Retirees for Secure Pensions

The State Teachers Retirement System voted to bring back the cost-of-living adjustment after solid investment returns in the last fiscal year and after teacher protests and a critical report.

For the first time in years, retired Ohio teachers will get cost-of-living raises again The State Teachers Retirement System voted to bring back the cost-of-living adjustment after strong investment returns in the last fiscal year, but also after teacher protests and a critical report.

The State Teachers Retirement System of Ohio, which serves nearly 500,000 active, inactive, and retired Ohio public educators, approved a cost of living bump for eligible retirees.

Retired Ohio teachers to get small cost of living bump after years of no increases The State Teachers Retirement System of Ohio board approved a one-time, 3% cost of living bump for eligible retirees starting July 1.

Our Active Member Series webinars offer key topics that empower you to make sound decisions in the present for a more financially secure future. Learn more: https://bit.ly/349s8vG

A one-time 3% cost-of-living increase will be paid to eligible benefit recipients on the anniversary date of retirement. The age 60 requirement for retirement age and service eligibility for active members that was set to take effect in 2026 will be eliminated: https://bit.ly/3Ir3DZ5

Benefit recipients who began receiving benefits on June 1, 2018, or earlier, are eligible to receive a one-time cost-of-living increase (COLA). This change for the system’s benefit recipients takes effect on July 1, 2022, and is paid on the retirement anniversary date. Members retiring August 1, 2013, and later are eligible for a COLA on the fifth anniversary of retirement. Further details: https://bit.ly/3ug8sPH