Remember that 13th check? You can thank OFT for that; who do you think taketh away?

From: June Hughes

Sent: Tuesday, January 17, 2006 7:49 PM

Subject: Interesting OFT info

Who got us the 13th check? Here's the answer! It happened in the mid 80's and it was from our earned investments..............June

STRS Improvements

George Taylor, OFT's Health and Retirement Consultant, urged on/and supported by retired teacher members, achieved legislation for payment of a yearly 13th check to State Teachers Retirement System retirees from interest earnings of the retirement system. The 13th check is probably the most popular benefit received by STRS retirees. Working with Governor Richard Celeste, the OFT also achieved legislation that allows local school districts to offer Early Retirement Incentive Plans.