RH Jones: Actives' projected raises exceed retirees' COLAs; compounding needed now

The BEACON, today10/27/05, front page of the Business Section D, mentions: "Most workers can expect a 3.5% raise next year -- same as this year, according to recent employer surveys." (END QUOTE)

The STRS retired teacher members cannot possibly expect to stay up with the increasing cost of living with a 3% simple COLA. It is hard to believe that taxpayers, school boards and active educators would not want a Compounded COLA for present & future retired educators.

RHJones