Tom Curtis: Age of membership in the STRS

From Tom Curtis, February 06, 2006

Re: 020606 Curtis To All, Age Of Membership In The STRS

Hello Dave,

I have gotten no impression that the STRS board is looking at changing anything with SB 190. There has been allot of discussion about such, because many do not fully understand 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

From Dave Speas, February 06, 2006

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

From: Tom Curtis

Date: February 06, 2006

Subject: 020606 Curtis To All, Age Of Membership In The STRS

Hello Everyone,

I asked Sandy Knoesel for some information I found very interesting and thought I would pass it along. This should give you a consideration for our future need for our pension check and health care. We are living longer and will need these two components for many years to come.

I asked for the number of STRS members now 100 years of age and above, as I had been told it was a considerable number and it is.

There are 95 of them, 10 males and 85 females.

From the age of 90 to 99 there are 3,010.

436 males and 2,574 females.

From the age of 80 to 89 there are 12,526.

3,932 males and 8,594 females.

I received a breakdown of all members of the STRS by age. Here is some of what I received.

AgeoooooMaleoooFemaleooTotal

107oooooo0ooooooo2ooooooo 2

106oooooo1ooooooo0ooooooo 1

105oooooo0ooooooo3ooooooo 3

104oooooo0ooooooo6ooooooo 6

103oooooo0ooooooo8ooooooo 8

102oooooo1oooooo15ooooooo16

101oooooo2oooooo24ooooooo26

100oooooo6oooooo27ooooooo33

99ooooooo3oooooo63ooooooo66

98ooooooo7oooooo92ooooooo99

97oooooo13ooooo125oooooo138

96oooooo20ooooo163oooooo183

95oooooo30ooooo200oooooo230

94oooooo38ooooo273oooooo311

93oooooo50ooooo310oooooo360

92oooooo65ooooo391oooooo456

91ooooo100ooooo432oooooo532

90ooooo110ooooo525oooooo635

89ooooo137ooooo570oooooo707

88ooooo177ooooo641oooooo818

87ooooo231ooooo750oooooo981

86ooooo235ooooo768ooooo1003

85ooooo326ooooo826ooooo1152

84ooooo394ooooo926ooooo1320

83ooooo470ooooo919ooooo1389

82ooooo521oooo1011ooooo1532

81ooooo667oooo1055ooooo1722

80ooooo774oooo1128ooooo1902

The chart listed all of the retirees ages between 48 and 107. There is a total of 37,167 males and 58,676 females, retired at this time, which totals 95,843.

Pretty impressive?

Tom Curtis