Well, Kirk, if you want to protect the retirees then.......

..............DON'T CUT THE COLA FOR CURRENT RETIREES AS MANY OF THEM ARE UNABLE TO GO BACK TO WORK TO SECURE ADDITIONAL INCOME!

"Vice Chair of the Ohio Retirement Study Council, Stark County Republican Kirk Schuring says he wants to protect retirees, but all options are on the table."

http://www.wksu.org/news/story/25706

Monday, June 21, 2010

Senator Kirk Schuring says all options are on the table regarding pension fund reform

But fixes won't happen soon

by WKSU'S JEFF ST. CLAIR

Senator Kirk Schuring, Republican 29th District. Vice Chair, Ohio Retirement Study Council State lawmakers are looking for ways to shore-up Ohio's struggling public pension funds, but it's not going to happen right away. The State Teachers Retirement System is in the worst shape of the 5 public pension funds that provide retirement income to, teachers, school superintendents, public employees, police and firemen. Their groups submitted recommendations to lawmakers to help the funds regain solvency after losses due to the economic downturn. The options include raising the retirement age and increasing contributions. Vice Chair of the Ohio Retirement Study Council, Stark County Republican Kirk Schuring says he wants to protect retirees, but all options are on the table.

Schuring says he doesn't expect any final legislation on fixing the public pension funds until early next year.

From John Curry, July 22, 2010