Study: Future of Ohio pensions at risk

Posted at 11:21 AM, Dec 14, 2016
and last updated 2016-12-14 11:21:05-05

A new study is sounding the alarm about Ohio's pension system. 

Retiring next year? Don't worry. 

But a study by the Mercatus Center — a Conservative think tank at George Mason University — found Ohio could fail to pay retirees what they're promised in the next 20 years.

So what's the problem? 

The study found Ohio's investments are too risky, increasing the chances of losses.

That could mean state workers like firefighters, police officers and teachers won't get their full pensions.

News 5 showed the study to Sen. John Eklund who says it's critical lawmakers constantly review returns.

"Investment returns change from year to year, decade to decade, that's why we have to constantly keep on top of it because slight changes in the economic picture can have an impact like that," the senator said.

Lawmakers did make changes to the pension funds in 2012.

The study's author praised efforts to keep them solvent but said it just wasn't enough.

Find more information about the study here.