(Columbus, OH) Some retired state workers are getting their pensions frozen.
The School Employees Retirement System (SERS) is issuing a three-year freeze on cost-of-living increases starting in January. That will affect about 75,000 non-teaching retirees across Ohio, such as custodians, bus drivers, and cafeteria workers.
Another 125,000 people eligible for the system will see the same three-year freeze in the future.
The SERS board made the decision Monday in order to keep the retirement system financially viable. Health benefits, though, won't be affected.