House Bill (HB) 315, sponsored by Rep. Scott Oelslager (R-Canton), was introduced in the 127th General Assembly on September 18, 2007. HB 315 is part of an effort proposed by the State Teachers Retirement System (STRS) and an advocacy group known as the Health Care Champions. The bill is supported by professional and retiree organizations representing Ohio's public K-12 and higher education teachers.
HB 315 seeks to increase both the employee and employer shares to STRS by 2.5% of certificated staff payroll for an overall increase totaling 5%. The idea is to create an ongoing, dedicated revenue stream for the STRS Ohio Health Care Preservation Fund. These increases would be phased in over a five-year period, in 0.5% increments. Currently, employers contribute 14% and employees contribute 10% of payroll to pay for retirement benefits.
Click here to download an opposition toolkit. You can also view the joint press release by clicking here.
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