COLUMBUS, Ohio -- Two of Ohio's five public pensions systems are asking taxpayers to pay more to cover shortfalls in government worker benefits many would envy.
The additional money would add $400 million to the size of the state's pension funds, which now stands at $4.1 billion.
An analysis by The Columbus Dispatch reported Sunday found the bill for taxpayers could top $5 billion a year roughly five years from now. While most private workers' retirement prospects depend on the success of the stock market, government employee pensions are guaranteed.
Government pensions for the longest serving employees top out at 88 percent of their pay.
Many government leaders are highly reluctant to change the pensions even as the private sector increasingly turns away from providing them.
For additional information, stay with nbc4i.com and NBC 4 and refresh nbc4i.com -- Where Accuracy Matters.
To submit a story idea or news tip, e-mail us at stories@nbc4i.com.
NBC 4 POLITICS: Headlines, Interactives & Video
MORE: NBC 4 Local News | Local Crime News
NBC 4 SPORTS: Sports News, Video
Email
Facebook
Google
Twitter
Favorites
More
Advertisement