Not quite 18 months after pension reform proposals were presented to ORSC, a bill has been introduced in the Ohio House, and hearings are under way.
On Tuesday, February 1, Rep. Lynn Wachtmann (a member of the Ohio Retirement Study Council [ORSC]) introduced House Bill 69, "[a bill to] amend ... the Revised Code regarding the state retirement systems." Sources advise that the bill is in fact a synthesis of the five state pension systems' recommendations that were originally presented to ORSC on September 9, 2009.
According to the OPERS website, Rep. Wachtmann has referred to the bill as "placeholder legislation." This suggests that substantial changes to the bill are expected. And at least one significant change is already being discussed as a done deal.