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Wednesday, October 19, 2011

Report from retired teachers meet. Fighting for pensions. « Fred Klonsky's blog

Report from retired teachers meet. Fighting for pensions. « Fred Klonsky's blog:

Report from retired teachers meet. Fighting for pensions.

Got this from Chris Turney of the Du Page Illinois Retired Teachers Association:

Hi Fred,

Just got back from the IRTA Convention in Springfield. They had 396 delegates in attendance. They meet every other year. It is quite different from IEA, but they are the activists and are very dedicated. Many are former IEA members, former administrators, and a large group of women who belong to Delta Kappa Gamma, a strong networking educational group.

Anyway, the big issues were pension funding and pension legislation. Our pension has accrued 24 percent interest in the last eight years. Without the wise investment choices made by our trustees with our own money, we could have been in big trouble with our payments since the state has not always been timely with their payments to us (currently they owe us money). Some years have