Curtis, Speas, Janczyk, Mooney: Conversation on SB 190

Tom Mooney to Molly, Tue, 7 Feb 2006

You are right on target

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From Molly Janczyk, Monday, February 06, 2006 Subject: FW: 020606 Curtis Resp To Speas Resp, Re Curtis To All, Age Of Membership In The STRS

I think we all understand SB190 better now and realize to a much more comprehensive degree how it helped retirees as well as actives with nearly = amounts spent for both groups for enhancements. I would not want anything taken from retirees and therefore it is dangerous ground to suggest anything be taken from actives.

The 35 yr incentive seems not to be costing and in fact saving a bit. The unfunded liability was hugely increased as a result of the entire bill. To now say, this part would reduce it or that part would reduce it is most critical to all as any one grp. would be hurt by rollbacks. I would hope no one feels like taking away of what one has. I know Leone has said this as well. Retirees have been devastated by increases of HC with no warning. I would not wish that on anyone AFTER THE FACT of making life decisions with no warning of change. NO ONE deserves that and trying to do so would severely jeopardize retirees if one grp is targeted as it would start a course with results no one wants.

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Tom Curtis to Dave Speas; Subject: 020606 Curtis Resp To Speas Resp, Re Curtis To All, Age Of Membership In The STRS Date: Mon, 6 Feb 2006

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Hello Dave,

I have gotten no impression that the STRS board is looking at changing anything with SB190. There has been allot of discussion about such, because many do not fully undestand what Buck Consultants presented and what the ramifications of such are. That is only my opinion from what I have been present to hear. Others may have a different view of such.

Tom Curtis

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Dave Speas to Tom Curtis, Monday, February 06, 2006, Subject: Re: 020606 Curtis To All, Age Of Membership In The STRS

This is impressive and a loud warning that messing with any of our 1999 increases could be doubly dangerous for those of the oldest years as they retired with so much less. Allowing the legislature to look at anything right now is a dangerous proposition, especially for these folks who benefited the most from the 1999 enhancements by increasing their buying power.

Dave