Mary Ellen Angeletti to Governor Strickland: Please veto all three bills

From Mary Ellen Angeletti, June 19, 2007
To: susie.long@governor.ohio.gov
Subject: H.B. 151, H.B. 152 & S.B. 161

June 20, 2007
TO: The Honorable Governor Strickland
FROM: Mary Ellen Angeletti, CORE (Concerned Ohio Retired Educator) Vice President
Please do what you can to stop any progress on the three bills mentioned above. These bills will harm the Teachers' Pension Fund (STRS). We need all of the help we can to maintain our savings invested in our STRS pensions, and we certainly do not need the meddling of these legislators who are promoting these bills. There is NO REASON to consider H.B. 152 as STRS already offers a defined contribution for members. H.B. 151 unfairly targets the five Ohio pension funds and restricts investment choices which may threaten the solvency of the fund. It also releases any fiduciary responsibility from STRS investment managers which is just a disaster waiting to happen. These legislators are playing with U.S. foreign policy issues at the expense of OUR savings invested in our teachers' pension fund. IT IS OUR MONEY, NOT THEIRS. Let them restrict their own investments, not ours. Please do what you can to stop this injustice. Ohio will never attract and keep workers here if this is how our General Assembly treats our workers' pension funds. Please veto these three bills!!!!!!!!!!

Respectfully,
Mary Ellen Angeletti,
STRS retiree
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