Tuesday, March 17, 2009

'They are robbing you of your retirement and security; somebody needs to stop them quick!'

To Molly Janczyk, March 15, 2009
Subject: Re: Investment Balance Feb.28th
Molly, thanks for sharing [Dennis Leone's 3/14/09 response to this subject]. Our daughter recently had dinner with 7 friends, all moms in their 30's and 40's. They were all discussing the economic situation and saying how they received no raises, no bonuses and some, like our daughter, have to take 2 weeks without pay before June 30. However, one said not only did she get a nice raise, but also a great bonus, guess what, she is an analyst in the STRS investment dept. So 1 out of 8 is on cloud 9 while the others are trying to cut expenses. Our daughter was outraged. She said to us "they are robbing you guys of your retirement and security, somebody needs to stop them quick". We are in our mid 60's and in good health, but what about those who aren't. We also both still work 20 hours a week. Now they are talking about charging us for trash pick up at $25/mo and to have our yard waste hauled is $15/mo. On top of that they want to raise the income tax and of course many of the school systems will have levies on the ballot in May. STRS needs a total overhaul, they need to do a major house cleaning just as businesses are doing now to cut costs and that doesn't mean giving them huge severance packages.
[Name withheld]
Larry KehresMount Union Collge
Division III
web page counter
Vermont Teddy Bear Company