Sunday, January 30, 2011

Tom Curtis re: Individual Amounts To Make Up For Investment Losses And Mismanagement

From Tom Curtis, January 30, 2011
Subject: Ohio Retirement Systems, Individual Costs For Fix
It's pretty hard to stomach what you will read below. The fix for the STRS is nearly double the amount for all of the other 4 combined.
This is why Concerned Ohio Retired Educators (CORE) came into existence in 2003. We tried to sound the alarm, but few retirees and even fewer actives would listen. The overwhelming number of actives could not take the time to listen.
Oh, that's right, the actives put all of their faith in what the OEA told them, "Don't worry, be happy. The STRS is just fine." Thanks, OEA officials. It is pretty clear that all the OEA leadership is interested in is the dues actives pay. It would appear they were not guarding the hen house.
I rather doubt any active could be happy about the changes that are coming.
Tom Curtis,
STRS Retiree
Larry KehresMount Union Collge
Division III
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