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| FREQUENTLY ASKED QUESTIONS |
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| Q1. Who is eligible under our proposed legislation? A. Any teacher who rendered service during the 1968-69 school year and retired but did not receive two choices at the time of retirement is eligible. Q2. What is our grievance? A. The 1973 and 1974 legislatures caused an inequity between similarly situated teachers. They created two groups within the 1968-69 class of teachers. One group, created after the mandated deadline to choose a plan, had the option of choosing the better of two retirement plans. We are asking for fundamental fairness! Q3. Was the Improved Money Plan (IMP) money in a different fund? A. No, the higher retirement amounts paid to IMP teachers who chose the High 5 prior to 1997 came from the same TRA fund. This caused a further inequity by using �High 5 monies� to pay out the differences. Q4. How will the legislation help correct this injustice? A. The new, amended bill gives us a 45% increase of the POSITIVE DIFFERENCE between what we got and what we would have gotten if we had been IMP. For more information go to SENATE FILE 914/SENATE FILE 838/HOUSE FILE 914. Q5. What are the finanacial implications of our proposed legislation? A. Under our current bill, there would be an internal transfer of funds from the TRA active fund to the TRA post retirement fund. No general revenue funds would be used. Q6. Why wasn�t the injustice corrected earlier? A. No one was aware that the inequity was in the law. As more legislators become aware of the injustice, we are gaining support for a equitable solution. Q7. What can our members do? A l. Develop a positive, on-going relationship with your legislators and continue it throughout the session. Stay in touch by writing letters, phone calls, emails and personal visits either in his/her home district or at the capitol. A 2. Spread the message about our group and our web site to any possible eligible teachers. |
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