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ORTA's position is that the solvency plan approved and being presented by STRS to ORSC (Ohio Retirement Study Council)
is reasonable and responsible. ORTA acknowledges the work by the STRS Board and staff to address the myriad of concerns and
suggestions expressed by the members.
ORTA hopes that the 2% COLA for current retirees (and the 1.5% for future
retirees) is retained as any bills are introduced and moved through the legislature.
ORTA appreciates being included
in discussions with STRS leadership. We appreciate the fact that STRS staff presented information and listened to concerns
in many chapter meetings and responded in a timely manner to retirees' emails and written messages.
ORTA agrees
that the timeline imposed by ORSC has not provided sufficient time for building consensus among all constituent groups in
HPA. ORTA thinks that due diligence has been undertaken with the independent study by Bolton Partners and we've financially
supported this effort.
ORTA will continue working with STRS, HPA and other for the long-term solvency of our pension
system. We believe that the defined pension benefit and affordable health care for retirees is most important.
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