It's time for an ORTA oxymoron......
John Curry to Ann Hanning, April 8, 2011
....as seen in the Spring 2011 ORTA Newsletter....and I quote:
"ORTA has not taken a position on SB5. We are focusing on pension reform at this time."
ORTA...just what the h@#$ do you think SB5 is? It deals with "pension reform." Pension reform of the kind that is killing STRS. Do you think the future RIFFing of those experienced teachers who contribute greater amounts to STRS because of their larger salaries will be missed by STRS investors who now (thanks to SB 5) will receive moneys in much smaller amounts to invest? They will be receiving smaller amounts because the newly hired teachers who replaced the experienced ones will have lower salaries. Nawww, ORTA, SB 5 has nothing to do with pension reform...just keep believing that. If you do, I have a bridge I would like to sell you.
John
....as seen in the Spring 2011 ORTA Newsletter....and I quote:
"ORTA has not taken a position on SB5. We are focusing on pension reform at this time."
ORTA...just what the h@#$ do you think SB5 is? It deals with "pension reform." Pension reform of the kind that is killing STRS. Do you think the future RIFFing of those experienced teachers who contribute greater amounts to STRS because of their larger salaries will be missed by STRS investors who now (thanks to SB 5) will receive moneys in much smaller amounts to invest? They will be receiving smaller amounts because the newly hired teachers who replaced the experienced ones will have lower salaries. Nawww, ORTA, SB 5 has nothing to do with pension reform...just keep believing that. If you do, I have a bridge I would like to sell you.
John
posted by Kathie Bracy at 10:51 PM
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