Ohio Pension System Slashes Health-Care Benefits To Stave Off Insolvency

Something has to give. This is just the beginning of what we will see in the public pension system in the years ahead.

(From Zerohedge)

For the first time in years, a major public pension system has slashed benefits for retirees: The Ohio Public Employees’ Retirement System voted last week to cut health care benefits provided to the pension’s current and future retirees beginning in 2022 to try and prevent the fund from plunging into insolvency in the not-too-distant future.