Trina Prufer: AN INCONVENIENT TRUTH

From Trina Prufer

August 29, 2023

AN INCONVENIENT TRUTH

It‘s un-American to leave Ohio’s teachers without INFLATION PROTECTION, either through Social Security, or STRS, after they were promised a secure retirement (3% cola annually, in writing) throughout their working years. It’s the ultimate double-cross… it’s elder abuse, theft, and criminality of the worst kind.

We are the only teacher retirement system in the nation, EVER, to assure teachers, in a non-Social Security state, of a pre-funded Cost of Living Adjustment, and then declare that the PLAIN WORDS and calculations in our retirement contracts, the ORC and plan booklets WERE NOT true.

The foundation of our society, through Social Security, is to keep older Americans out of poverty, by providing a basic benefit with INFLATION PROTECTION. So why are Ohio’s teachers left out?

This is a crisis that gets worse every month. It will never go away. It will haunt STRS forever.

I realize I am being redundant… however our legislators need to be reminded of this inconvenient truth at every opportunity.