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Senate committee hears bill to raise employer contributions to police and fire pension fund
Summary
Sponsors told the committee SB 239 would raise employer contributions for police to 24% phased over five years to mirror firefighters, citing the Ohio Police & Fire Fund's amortization approaching the statutory 30-year cap and aiming to improve long-term funding stability.
Senators heard sponsor testimony for Senate Bill 239, a measure that would raise employer contribution rates for police officers to 24% from 19.5% over five years and give the Ohio Police & Fire (OP&F) pension fund additional actuarial flexibility if the fund's amortization exceeds the statutory 30-year cap.
Senator Brenner, the bill's sponsor, said the measure "raises the…
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