Wow, ORTA is now issuing 'ALERTS' as CORE has done for years!

From Ann Hanning (posted on ORTA website)
Subject: ORTA ALERT!!

ALERT -

It is time to contact STRS Executive Director & all STRS Board Board members, particularly Mike Nehf, Jim McGreevy & Bob Stein to let them know that you do not support any further reductions in the COLA. The original STRS proposal reduced the COLA from 3 – 2% for current retirees & 1½% for future retirees. The amended proposal (10/10) kept the 2% COLA for current retirees & future retirees (who would wait for 3 years before receiving it).

Note: The COLA affects not only current, but future retirees. So we are asking for no further reduction from the 2% COLA for everyone’s benefit!

The STRS Board needs to vote on a new pension proposal that meets the 30 years funding requirement & does not include an employer contribution increase. A STRS proposal & vote is expected by the end of January.

Please continue to check the ORTA and STRS web-sites for information.

Ann Hanning, ORTA Executive Director