Monday, January 04, 2010

To those who doubted that OPERS planned ahead while STRS did not re: healthcare...

From John Curry, January 4, 2010 might want to read this chart from the Dayton Daily News:
(Click image to enlarge)
Let's see...OPERS has less than twice the number of retirees as does STRS (209,000 vs. 115,590) but has almost 4 times the monies set aside for healthcare for their retirees as does STRS ($11.2 billion vs. STRS's 2.9 billion) for their respective retirees. Of course, STRS was busy funding the 35/88% payout (that no other system could afford) while OPERS took care of health care for future retirees, didn't they? Well, look where we are now!
Larry KehresMount Union Collge
Division III
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