The real wake-up call came when we figured out that every bill introduced in every state contains a section that excluded defined contribution plans from divestment; only defined benefit plans are mandated to divest. All the bills are clones, provided by Sudan Divestment Task Force (sudandivestment.org). Getting people to read these bills is difficult. The Dems jump on the bandwagon because they feel sorry for Darfur (and that’s another issue). Repubs just want to get rid of teacher pension funds. It’s an unholy alliance and we’re stuck in the middle.
The Ohio General Assembly is responsible for the preservation and protection of the State Retirement Systems. Please explain to me how HB 151 would help the retirees. That should be the only consideration. The whole idea of defined contribution ( which is the real goal here) will hurt retirees. But it WILL put dollars in the pockets of many who never taught, chased a criminal down the dark streets of mean neighborhoods, or who were shot in the act of police work, teaching, or died while saving someone’s home from a fire.
I find it interesting that nowhere have the advocates of HB 151 ever said that it would improve the retirement systems. Did you ever, as this went forward, even consider how it would affect retirees ? And we both know it will not do a thing to stop terrorism.
Now it will be “voluntary”. Again- how will this improve the retirement systems?
SEND THIS TO JON HUSTED AND THE OTHER IGNORANT BULLIES IN COLUMBUS!! NICE TRY, JON! READ WHAT I WROTE IN THE EARLIER E-MAIL ABOUT “SEPARATION OF POWERS.” FOREIGN POLICY IS STRICTLY UNDER THE DOMAIN OF THE PRESIDENT, EXECUTIVE BRANCH, AND CONGRESS, THE LEGISLATIVE BRANCH. INTERNATIONAL COMMERCE AND TRADE FALLS UNDER THE SAME JURISDICTION AS JUDGE KENNELLY HAS CORRECTLY RULED.