Wednesday, May 16, 2012

From a retirement system that really cares about its oldest retirees with the lowest pensions

From John Curry, May 16, 2012
The Ohio Highway Patrol Retirement System (from page 4 of the link below). They have COMPASSION. Do you know of a system that could have done this BUT DIDN'T?
I do! THIS is something we all can remind our House of Representatives of this summer by email, letter, phone calls or personal visits. STRS COULD DO THIS IF THEY WISHED. THEY DIDN'T, DID THEY? Of course, some people (and institutions) have the philosophy, "I got mine and the hell with anybody else."
2. The annual cost of living adjustment (COLA) applied to eligible retirees will range between 0% - 3%. The percentage rate will be determined by the Board as deemed necessary to comply with the actuarial valuation requirements of ORC 5505.121.
Exceptions are still in place for our oldest retirees who receive limited benefits.
Larry KehresMount Union Collge
Division III
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