Is it true that public employers will no longer have to pay into the employee’s pension system?No. State laws that govern how much the employer is required to contribute isn’t even in SB5. The employer (Ohio taxpayers) will still pay a substantial percent of the employees salary into their pension fund, as follows: teachers (14%), state highway patrol employees (26 ½ %), township police officers (19.5 %), city police officers (3/10 mill of property taxes), township firefighters (24%), city firefighters (3/10 mill of property taxes)
SB 5 only repeals the practice of “ension pickups”. This is when the labor agreement requires that the employer pay both the employer share and the employee share. SB 5 requires that the employees pay their own portion, nothing more. RC 145.47, RC 742.31, RC 742.33 , RC 742.34, RC 33 07.27, RC 33 09.47, RC 5503.13, RC 5503.15, RC 5505.15
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Tue, Oct 4, 2011 12:07 PM
Oct 4, 2011 12:07 PM
Didn't realize this. Here people have been arguing it all along.
Oct 4, 2011 12:07pm