The Board approved another one-time adjustment of 3% of the first $30K of retirement benefits up to a maximum of $900.00 just as last year, with the same limitations and restrictions.
We had a very good showing of GSRA members (we lined both sides of the board room) with a wide range of experience in different departments of state government. We were well received but were told up front that we were going to receive what was in the Governor's budget.
They thanked us for the letter that was sent to Jim Potvin and the Board (read GSRA President Kip Mann's letter here). Chair Lonice Barrett said he has shared it with both the Governor's Office of Planning and Budget and the Governor. He greatly appreciated our comments about their stewardship and said that he looks forward to seeing what can be done in the future when the time is right, after the legislative time limits for signing bills into law has passed and the next budget cycle begins."
Thanks to all the GSRA members who emailed the ERS Board and/or showed up for the meeting!