Donna and Dean Seaman to Nehf & Board: What surprises will you have for us this month?

From Donna Seaman, October 14, 2009
Subject: Board meeting

STRS board members and Mr. Nehf: Well what unpleasant surprises do you have in store for retirees at this month's board meeting? When, if ever, can we expect you to begin, even with small baby steps, to consider the impact your decisions have on retirees?

In the past several years, and more importantly, in the past several months, your decisions have eliminated our 13th check, proposed a reduction in COLA, changed and reduced our health benefits and coverage, continued to spend, spend, spend internally. while losing $42 billion of our funds.. And the most insulting, inappropriate and egregious decision of all: pay bonuses/performance based incentives to investment staff -- totally unjustified and undeserved!

I remind you, once again, that your focus and responsibility is to Ohio's retired teachers. You are not to favor STRS employees and STRS operating expenses in your decisions! You are legally and ethically bound to work for retirees! You should require Mr. Nehf to begin those promised staff cuts!

Please keep this in mind as you go forward with your decisions.

Donna Seaman, 2002 retiree
Dean Seaman, 1986 retiree
(These opinions are our own and do not represent those of any group.)