COLUMBUS, Ohio (AP) — Education leaders in Ohio are expecting a wave of teacher retirements in the coming months.
The Columbus Dispatch reports (http://bit.ly/T4fH9t ) that changes in retirement rules will give teachers across the state a strong incentive to retire by July 1.
Teachers who retire in the first half of 2013 will begin receiving 2 percent cost-of-living increases to their pensions in 2015 while those who don't must wait until 2018 to see increases.
Similar changes to the Ohio Public Employees Retirement System led to a big number of retirements at the end of 2012.
Officials with the School Employees Retirement System and the State Teachers Retirement System say they'll have a good idea about the potential impact on retirements in a few months.
Information from: The Columbus Dispatch, http://www.dispatch.com