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Higher Education Employees Question "Pension Reform" Proposal
"Honestly, these proposals feel more philosophical than based in reality. The economy just went through the worst economic downturn since the Depression; of course earnings were down. The fact that our plan is still over 90% funded despite the economic crisis reinforces its current form. Lillard's basis for making the change seems to actually be a basis for keeping it. It weathered the storm. If folks had had their retirement in his proposed plan they would have lost significantly," said UCW President and UTK Facilities Services employee Tom Anderson.
"TCRS is not in crisis," says
"The facts are plain; any legislation that removes new employees from the current pension will over time destroy our very solvent retirement system and constitute a massive pay cut for hardworking employees earning modest salaries," explains UCW Vice President and MTSU library employee Rick Kurtz. Kurtz will submit his credentials for the upcoming Tennessee Consolidated Retirement System Board of Trustee election later today. "My grandmother who was an English teacher instilled in me the importance of education, hard work and the responsibility of service to others. Our higher education employees, state workers and teachers deserve to have the careers we give to the people of
For more information, please contact:
Tom Anderson, UCW President and UT Knoxville Facilities service employee
Rick Kurtz, UCW Vice President and MTSU library employee