Report
Governance, Teachers & School Leaders
Ohio Pension Reform in Cleveland: New Teachers Beware
At first glance, the recent teacher-retirement reforms in Ohio seem to bring good fiscal news to school systems in the Buckeye State. Thanks to Senate Bills 341 and 342—and a series of cutbacks on retiree healthcare—the Cleveland Metropolitan School District is projected to spend less on retirement costs in 2020 than it does today. But these reforms come at a big price.