Thursday, May 18, 2017

Dean Dennis' speech to STRS Board May 18, 2017

"I retired in 2008. In 2008 a teacher named John Curry wrote Director Michael Nehf about the safety of his pension. Director Nehf responded back reassuringly."
"The applicable provisions of the statutes that govern STRS Ohio and SERS are very similar. The pertinent language of each state provides that pensions are vested when granted. This means that retirees vested in the STRS Ohio defined benefit plan cannot have their pension formula reduced by STRS Ohio. In simple language, once an STRS Ohio member begins receiving a pension STRS Ohio cannot reduce that pension." 
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Larry KehresMount Union Collge
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