In 2024, Americans for Prosperity – Ohio will create a solid foundation to further advance our Buckeye Blueprint agenda, focusing on:
Our priorities for the remainder of this General Assembly will tier up to what we will advocate for in the next budget cycle, and for the duration of the 136th General Assembly.
Ohio’s public pensions are estimated to have unfunded liabilities exceeding $68 billion with only 76% of assets needed to fulfill retirement promises already made to those who spent their lives serving their communities. The current proposal in HB 296 that raises employer contributions to the Ohio Police and Fire Pension Fund would do little to protect the fund from risks of insolvency. It would continue the current approach of waiting until the OP&F faces funding crises to incrementally increase employer contributions, which adds unnecessary costs to the state and taxpayers. We recommend OP&F and other public pensions systems move toward an ADEC contribution policy and adjust assumptions to be more conservative due to high market volatility.