The latest plan to help maintain the pension system for Ohio public school teachers would have them pay more into their retirement accounts.
The Columbus Dispatch reports the plan has been approved by the board of the State Teachers Retirement System, which has 470,000 members. It's up for consideration by lawmakers who would need to sign off on it.
The plan is aimed at saving $13 billion in accrued liabilities. It's the fourth package of its kind sent to lawmakers since 2009.
One of Ohio's largest districts is cutting about 10 percent of its teaching staff next school year to save an estimated $20 million as it copes with a budget hole twice that size.
The Cincinnati school board voted Wednesday to eliminate 237 instructors, including 35 who would be laid off. The Cincinnati Enquirer reports 112 of the job cuts are retirements or resignations and 90 are long-term substitutes.
Leaders in the district of 32,000 students say cuts in state and federal funding are to blame.
Ohio State University is increasing its student financial aid by $50 million over the next four years with a new merit-based scholarship and added need-based grants.
The university says the new "Eminence Scholars" program will be its most prestigious merit-based scholarship. It provides four-year, full-ride scholarships and a $3,000 one-time stipend to 50 students annually, including 40 from Ohio. It is being offered for the first time this year to high school seniors.