Want to go back to subbing....better not make too much money!

From John Curry, July 20, 2011

From: ContactUs
To: Mary Jordan
Sent: July 20, 2011
Subject: RE: re:STRS Rules on Retire/Rehire

Dear Ms. Jordan:

Reemployment of public employees is Ohio law and therefore part of the Ohio Revised Code. The information you have received is a proposed change to Ohio law. Please see below from our website:

· On April 13, Rep. Richard Hollington introduced House Bill 202. This bill includes provisions dealing with reemployed public employees. Basically, it would require anyone who is receiving retirement benefits from one of the Ohio systems, including STRS Ohio, to forfeit $1 of their retirement benefit for each $2 earned above an annual threshold amount of $14,160. This threshold amount, or “excess earnings base” as it is referred to in the bill, would be adjusted each year by the actual average increase, if any, in the consumer price index (CPI).

Here’s an example of how a reemployed retiree’s pension could be reduced: Assume a retiree is receiving a yearly pension of $38,000. This individual returns to work in a public position covered by one of the Ohio retirement systems and receives an annual salary of $35,000. This salary exceeds the threshold amount of $14,160 by $20,840. The retiree’s pension would be reduced by $10,420 (one-half of the excess amount). The bill’s language does not detail how this new rule would be implemented, monitored or enforced.

Thank you for the inquiry.

Mike Havens
Benefits Counselor
www.strsoh.org

From: Mary Jordan
Sent: Tuesday, July 19, 2011
To: Knoesel, Sandy
Subject: re:STRS Rules on Retire/Rehire

Dear Sandy,

I am a retired teacher who does substitute teaching. I have heard from different sources that the STRS has new rules that go into effect this school regarding retire/rehires. I have been told it will affect substitute teachers also and that for every two dollars they earn one dollar will be deducted from their next STRS retirement check. Is this correct? If this is not correct, something should be published to correct this misinformation because many of the retired substitute teachers will not sub this year no matter how badly they are needed if this deduction does happen to their STRS Retirement check.

Sincerely,
Mary Jordan