One person's viewpoint of our "illustrious" pension system

From James Carr

August 29, 2023

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Ask yourself, in what world does a legitimate organization induce you to retire with the promise that you will receive an annual 3% COLA for the remainder of your life, and then, AFTER you retire, renege on that promise without warning?

The answer is, no legitimate, ethical organization does that. The kind of organization that pulls that kind of a low-down stunt is a fraudulent, criminal enterprise. Now, STRS can call itself anything it wants, but actions speak louder than words. When I think of STRS, l don't think of a premier retirement system. In fact, I think of organizations like Enron and people like Bernie Madoff. STRS makes me feel like I've been conned by a bunch of shady grifters.