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A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset.
The Ohio Police & Fire Pension Fund tried − and failed − to convince lawmakers to boost the employer contribution rate last year. In 2012, legislators approved a pension reform package that ...
The program is administered by the Police & Fire Retirement Fund (OP&F). This fund was created in 1965 in an effort to consolidate 454 local public safety pension funds across Ohio. Currently OP&F serves approximately 27,000 active members and more than 30,000 retirees and their beneficiaries. [24]
Ohio Police and Fire Memorial Park is a memorial and park commemorating Ohio 's police officers and firefighters, in Downtown Columbus, Ohio, United States. The park is north of Town St. just east of Third St. It features a sculpture by Ronald Dewey, engraved bricks, pavers, and benches.
A battle is under way for the future of Ohio’s $94 billion teacher pension fund, as would-be reformers’ attempts to deliver long-promised benefits to retirees with the help of an aggressive ...
The State Teachers Retirement System of Ohio is the state's second largest public pension fund and oversees about $90 billion invested on behalf of 500,000 teachers and retirees.
Pension benefits are primarily designed to favor workers who work a full career (typically at least 25 years of service), which account for approximately 24% of state-level public workers. In a study of 335 statewide retirement plans, Equable Institute found that 74.1% of pension plans in the US served this group of workers well.
At its March meeting, the board approved increasing Hoover's pay to $400,000, giving her a one-time lump sum of $40,000 and contributing $43,000 to her deferred compensation account. As the top ...
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