Dennis Leone: Taking away more from retirees CANNOT be the solution of the pension solvency problem

From Dennis Leone, June 10, 2009
Subject: Re: STRS Town Meeting at Apollo Career Center: Allen Co. RTA

Yes, you are correct. In fact, what I actually said in Lima (it's on tape) was that if active teachers are "grandfathered" in such a way that they will be allowed to take advantage of current retirement arrangements (i.e. 35-year/88% rule)-- which will help them for life -- then retirees should be likewise grandfathered with their COLAs. The reporter was a little mixed up on this issue. I also have said to many that taking away more from retirees cannot be the solution of the pension solvency problem.

Dennis Leone

From RH Jones, June 10, 2009
Subject: STRS Town Meeting at Apollo Career Center: Allen Co. RTA

To all:

I am quite sure that Dr. Leone wants any COLA cuts to take place for those active educators not now "grandfathered". We "grandfathered retirees have given up enough already.

RHJones, retired