A retired administrator responds to Dorothy Pelanda; all retirees need to do the same!
Sent: Sunday, July 15, 2012
Subject: Honorable Dorothy Pelanda
1. The Ohio Education Association controls the direction of the STRS Board.2. The Ohio Education Association is interested in the actives since they pay for the staff with their monthly dues.3. You should not give them additional power as the ORSC Report suggested. They will keep their 88% forever and eliminate the COLA’S for all of us that have been retired for many years.4. The 88% should be eliminated quickly. Perhaps a 3 year window. All pensions should be based on the 2.1% that the older retirees received “and still receive”.5. The contribution rate for actives should be raised from 10% to 14% in 2 steps, effective Jan. 1st, 2013. This is an easy change that does not require advanced notice.6. There needs to be a sufficient stream of money to provide health care. The current plan is a disaster. New retirees with a spouse are paying around $1100 a month. This is not realistic.7. I can live on my retirement, savings, and minimal Social Security. Many of my retired friends can NOT live on their low pension. Yet, these are the same people that will not receive a COLA for 1 year and be reduced to 2% for every other year. This does not make sense when the actives, working on a much higher salary, and retired at 88% live the good life.
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