COLUMBUS, Ohio (AP) — Gov. John Kasich signed a package of bills Wednesday aimed at shoring up Ohio's five public pension funds and praised the rare bipartisanship that secured their passage.
"We've got plenty of time to fight on lots of stuff," said Kasich, a Republican. "But there are some absolutely critical things that have to be done to make sure that people are going to be in good shape."
The legislation makes changes to funds covering some 1.8 million retirees, future retirees and their families. They include increases to some premiums, reduced payouts and tighter retirement eligibility requirements for funds covering teachers, police, troopers and other public workers.
The bills cleared the GOP-controlled Legislature two weeks ago with unanimous votes on all but one measure.
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