Thursday, September 23, 2010

OSBA friends of active and retired educators?

From John Curry, September 23, 2010

Hardly!

Here is what the OSBA has to say about STRS and your retirement benefits in their legislative platform. With education friends like this, who needs enemies?
John

http://www.ohioschoolboards.org/legislative-platform

5. STRS/SERS RETIREMENT SYSTEMS — Opposes future benefit enhancements advocated by State Teachers Retirement System (STRS) and the School Employees Retirement System (SERS) unless the enhancement is accompanied with a reduction in the 14% employer’s share and repeal of the SERS surcharge. Ohio school employee retirement systems offer excellent benefits to their members and contribute to attracting and retaining employees. The association supports the school employee retirement systems and has not opposed benefit enhancements in the past. However, when determining pension benefits and eligibility STRS/SERS shall consider current demographic realities such as life expectancy and the number of years people remain in the workforce. The association supports representation of school boards of education on the STRS Board and SERS Board. The association opposes any attempt to increase the employer’s share to cover increases in costs.
Larry KehresMount Union Collge
Division III
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