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Retirement

STRS Meeting - May 27, 2009
Many of you have expressed concerns regarding the solvency and future of our State Teachers Retirement System (STRS) pension fund. As we previously published, STRS has not escaped the impact of the economic downturn on its investments. Potential changes in the retirement formula, employee contributions, and in the pension benefit structure will be considered by the STRS Board for purposes of long range planning. None of these proposals have been enacted, and all require approval of the state legislature.
 
We are calling a pension system update meeting for any interested members. I have invited STRS Board Member and former Local 795 Officer and activist, Jeff Chapman to attend. Here are the meeting details:
 
 
DATE: WEDNESDAY, MAY 27TH
 
TIME: 3:45 – 4:30 P.M.
 
LOCATION: HEIGHTS HIGH SCHOOL LIBRARY
 
This session will provide accurate and up-to-date information and an opportunity to have your questions answered.
 
Fraternally,
 
Tom Schmida, President



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