Friday, October 31, 2008

John Curry to STRS Board: SERS pension is guaranteed, how about ours?

From John Curry, October 31, 2008
Subject: An SERS pension is guaranteed by Ohio law and "cannot be reduced due to investment losses." How 'bout STRS pensions????????????
Dear STRS Board Members,
SERS advises to their stakeholders that, "An SERS pension is guaranteed by Ohio law (section 3309.661 of the Revised Code) and cannot be reduced due to investment losses." See the link below to the Ohio SERS website for this quote.
If this is true then:
1. Can STRS also assure their benefits recipients that the same is true for for them and...
2. If not, why not?
A concerned STRS benefits recipient,
John Curry
Larry KehresMount Union Collge
Division III
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