Thursday, January 27, 2011

You see....when the OHP Retirement System submitted THEIR proposal THEY took into account the least among THEIR lowest-income retirees!

From John Curry, January 27, 2011
Here is the wording right from THEIR (OHP retirement) WEBSITE. I don't see anything mentioned about a "means test" like was pondered by some officials at STRS before they trashed this same concept. Of course, we are just educators and not highway patrolmen (and women) and we should settle for less, right? John
(taken from page 5 of the Adobe download at the website link above)
TAB 2
COLA REDUCTION
Decrease the Cost of Living Adjustment (COLA) from 3% to 2%, except for any benefit recipient age 65 and older and receiving a HPRS pension benefit of less than 185% of the Federal Poverty Level (-$26,000). The HPRS Board may authorize a COLA in an amount not to exceed 3% when funds are available according to Section 5505.121, ORC.
Larry KehresMount Union Collge
Division III
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