Excerpt from the Dayton Daily News
Some Ohio retired teachers will see a 1.5% increase in their cost-of-living adjustment in fiscal year 2026, and members who are retiring between June 1 and May 1, 2030, will be able to retire slightly earlier without reducing benefits.
The State Teachers Retirement System of Ohio board approved the increase recently during its board meeting, with six members voting for the motion and four voting against.
Rudy Fichtenbaum, chair of the board and a former Wright State University professor, said he believed the board was being responsible and following state law in reviewing the recommendations from advisors. He voted for the plan.
“There really are no guarantees,” he said, referring to the economy and STRS finances.
The total cost for the plan is about $1.8 billion, according to documents on the STRS website.
