Toledo Blade:

Highlights of Proposed Reforms to the Ohio Public Employees Retirement System (1 million members)

• Set minimum retirement age for full benefits for general members at 55 if they have at least 32 years of service or age 67 after putting five years in. Currently, an employee can retire with full benefits at any age after 30 years on the job or at 65 once they've surpassed five years. This would be phased in based on how close employees are to retiring.
  
• Raise minimum retirement age for full benefits by two years for sheriffs and other law enforcement members to 50 with 25 years of service or 64 with 15 years.
  
• Raise minimum retirement age for full benefits for court bailiffs and other public safety members by two years to 54 with 25 years of service or 64 with 15 years.
  
• Tie cost-of-living adjustments to federal inflation index capped at 3 percent compared to current flat rate of 3 percent. Current retirees would remain at flat rate.
  
• Calculate benefits based on average salary over five years instead of three.

COLUMBUS -- Ohio's five public retirement funds came to lawmakers Wednesday with proposals to raise member contributions and cut benefits in an effort to ensure their long-term viability.Full article