Friday, June 09, 2023

James Carr: Why STRS really needs our $$$$$

From James Carr

June 9, 2023

According to STRS, one of the most compelling reasons that they can no longer afford to pay for our annual COLA is that "we are living too long".
Really?
They have already added an additional 5 years of required service AND they require you to wait 5 years after your retirement anniversary to be eligible for a COLA. If my math is correct, that means they've effectively managed to shorten our post-retirement lifespans by 10 years and they still can't afford to pay for our annual COLA.
The life-span crap is just an excuse, nothing more. Apparently they need our money for more important things. Somebody has to pay for all those perks and bonuses.
Larry KehresMount Union Collge
Division III
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