Ohio Cities Concerned About Plan To Require Them To Pay More For Pensions
Some Republican lawmakers are proposing a plan that would require cities to pay more to shore up the fund that pays for police and fire pensions. The lobby group representing cities said it could be a huge hit to them.
The bill’s sponsors said billions in cuts to benefits and other changes have helped the fund, but more money from the cities that employ first responders is needed. Kent Scarett with the Ohio Municipal League said he doesn’t have enough information about the plan.
“We don’t know what the numbers mean. We haven’t seen the actuarial studies. We haven’t seen any numbers on what the economic impacts will be to our members. We are hearing, just hearing anecdotally, that it could be hundreds of millions of dollars of an increase,” said Scarett.
Scarett said cities are already unsure what their revenue will be as more people may be working from home permanently. The last time employer contributions went up was in 1986.
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