The October 11th LCARSP meeting was well attended. The Unit hosted MRTA Executive Director Jim Kreider, MRTA President Debi Ingram (right) and MRTF Board Member Margaret Smith (left).
Executive Director Kreider shared lots of exciting information about our state organization and the PSRS/PEERS Retirement System.
He informed the group of several interesting statistics:
* MRTA membership is nearing 28,000! This number reflects the involvement of MANY retired educators and staff members throughout our state who take an active part in maintaining the health of our state public education and our retirement system.
* we will receive a 2% COLA increase in 2019
* the system's strong investment program, paired with substantial returns in the equity markets, resulted in an investment return of 8.9% for the fiscal year ending June 30, 2018. This significant investment earnings contributed approximately 3.5 billion to the growth of assets for the fiscal year!
* we will receive a 2% COLA increase in 2019
* the system's strong investment program, paired with substantial returns in the equity markets, resulted in an investment return of 8.9% for the fiscal year ending June 30, 2018. This significant investment earnings contributed approximately 3.5 billion to the growth of assets for the fiscal year!
After the business meeting, the group served a delicious carry-in lunch .
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