Minutes of CORE meeting September 17, 2009

CORE MINUTES ~ 9/17/09

The CORE meeting came to order @ 11:45 am during the STRS board meeting lunch break. 16 were in attendance.

Old Business:

• No minutes to be read from the August meeting.

• Treasurer (Herm Fisher) reported a total of $1338 collected to date for Dennis Leone’s parting gift. Contributions continue to come in along with membership checks. The CORE treasury total was reported.

• Donna Seaman made a motion to send a card and CORE check by registered mail to Dr. Leone. Motion was 2nd by Mary Ellen Angeletti. Motion passed unanimously. Dave Parshall will take care of this action with a check presented by the treasurer.

• No need for election of officers and trustees at this time.

New Business:

• Dave reported on the ORSC meeting which both he and Kathie Bracy attended. Though the fashion trend was black and the seating was most uncomfortable, Dave gave Michael Nehf kudos for a strong presentation compared to those of the other 4 pension funds. STRS has formulated a detailed and complete plan.

• Dave suggested that CORE’s next step should be formulating the “Talking Points” for the collaborative plan and resulting legislation to be developed by ORSC. Discussion followed Dave’s suggestion with several comments encouraging clear “Language” in describing our pension plan relative to 401K plans of the general public. We will need to carefully educate our legislators and community as well as our active and retired teachers.

• Jill Fetters offered a motion to form a committee to develop these “Talking Points / Position Paper” to be used by members in work with local legislators, in the writing to newspapers, and in conversations with active and retired teachers. Motion was 2nd by Mary Ellen and passed unanimously.

• Dave agreed to serve as advisor of this committee. Lou DiOrio and Carol DePaulo agreed to edit along the way. Other writing committee volunteers (so far) include Jill Fetters, Kathie Bracy, Mary Ellen Angeletti, and George Justice. Dave will invite additional CORE members to join in this process.

• The next ORSC meeting is scheduled for October 14th and legislation will hopefully be introduced before the year ends. This time frame gives CORE time to work on this position paper as a committee.

• Dave adjourned the meeting @ 12:30 to return to the afternoon Board session.

Respectfully submitted by Jill Fetters
(for Marie Fetters, who was unable to attend)