Molly to Damon: Addt'l: 1/25/06: Damon: STRS BOARD: please consider for Feb. retreat

**Addt'l suggestions which have come in: See below

SUGGESTION: FALL RETREAT:

Speaking: Public:

1. 30-45 min PANEL DISC. Time LIMITS on ques.; limits on ans. Direct ques. with respect and ans. with direct specifics.

For ex., Dr. Leone, how do you feel as a board member on such and such issue? Leone responds. This would alleviate rumors by all grps. and be part of the public record. It would be more time efficient and productive at meetings as it would address concerns on the spot and more time efficient for next meetings and on indiv. as concerns would actually be addressed and no need for asking over and over and for months and years to come. Ans. would be heard by all grps and not allow for misrepresentation by any grp.

ANYthing not able to be ans. due to actual research needed to be ans. in 30 days.

2. 20 yr minimun for all NEW retirees for HC benefits: -access for 15 to 19 only (NEW retirees 5 yrs out; no one already retired or about to retire)

3. Sliding scales for NEW retirees 5 yrs out: (NO current retirees or about to be retired) -higher costs for 20 yr retirees for all medical and RX costs (copays, premiums, out of pockets and RX) with costs decreasing as go up in service credit to 30 or more years with 30 yrs. paying the least in total costs in all areas of medical and RX expenses.

4. GRANDFATHERING RETIREES: SPOUSAL SUBISDIES: for those who retired before the HC costs soared and spouses were dropped with no prior knowledge or recourse. I know retirees were being told as late as 2000 or 2001 that they'd never have to worry about HC when asked this specific question. I don't know exactly when warnings and proper info began but then all retirees who were close to retiring within a certain period of that should be included in the grandfathering for a % of spousal subsidy to be reinstated.

5. Bonuses based on return per advice of Consultants to STRS: If no gain, no bonus! Then percent of bonus equivalent to the earnings made for STRS. For ex. 20% gain = 20% bonus. Bonus range depend on amount earned.

6. Objective and measurable standards ONLY for all raises, bonuses, etc. NO SUBJECTIVE awards, raises, bonuses, etc.

7. The STRS Board voted to stop bonuses for non investment staff and yet it continually is revisited. Bonuses by all other names are still bonuses whether merit, incentive, etc. are tacked to it. COLAS of 3% for all staff annually and step raises at certain junctures IF the individual is performing to OBJECTIVE standards as with educators-every 4 yrs seems fair. The government has steps; educators have steps.

8. Raise the age for FULL retirement/30 yrs or more incrementally as Soc. Sec. did:

-5 yrs out: 54 yrs to retire
-6 yrs. out: 55 yrs old to retire
-7 yrs out: 56 yrs old to retire
-8 yrs out: 57 yrs old to retire
-9 yrs. out: 58 yrs old to retire
-10 yrs out: 59 yrs old to retire
-11 and more: 60 yrs old to retire

9. NO MORE CONSULTANTS FOR 5 years! We've paid enough consultants and hired enough companies to make decisions. Let's conserve! This is based on comments over the past few years and currently re: this management's style of hiring consultants.