Summary:
A recent report from the Ohio Retirement Study Council shows that Ohio public employee pension funds have lost more than $30 billion in value over the past five years. This represents a decrease of about 14 percent, with the largest losses occurring in 2018 and 2019. The report also showed that total assets decreased by nearly 4 percent in 2020, despite a modest recovery in the stock market.

Comment:
The news of Ohio public employee pension funds losing over $30 billion is concerning and highlights the need for better investment strategies to ensure long-term sustainability. It is important for state officials to take proactive steps to protect retirement savings and ensure that retirees are not left without adequate resources for their future needs. Additionally, it is critical that policymakers look into ways to reduce costs associated with these pensions and make sure they remain viable for years to come.