The bill introduced by Senator Romanchuk in the 136th General Assembly expresses the intent to reform the laws governing Ohio's public retirement systems, which include the Public Employees Retirement System, School Employees Retirement System, State Teachers Retirement System, Ohio Police & Fire Pension Fund, and State Highway Patrol Retirement System. The proposed legislation aims to implement necessary changes to ensure the health and sustainability of these retirement systems.
While the bill outlines the intent to enact reforms, it does not specify the exact changes or provisions that will be included in the forthcoming legislation. The focus is on addressing the current challenges faced by the public retirement systems to secure their long-term viability.