Hearing on ESP Retirement Bill Thursday
Thursday, the Senate Retirement Committee holds a meeting at 1:00 p.m. in the Senate Mezzanine to hear SB 105.
SB 105 is legislation that would eliminate the cap on the multiplier used to calculate benefits for school bus drivers, food service workers, custodians, and maintenance personnel in the Public School Employees Retirement System (PSERS). That cap is currently at $16.50. The current multiplier is $16, which multiplied by years of service determines the monthly pension benefit these educators receive. The average monthly benefit is $290.
The meeting will be live-streamed at: https://vimeo.com/showcase/9076493?autoplay=1.
Separately, GAE is hoping to realize funding in next year's budget to increase the multiplier to its current maximum.
Contact Your Legislators About SB 105
As educators and constituents, you can play a critical role by communicating the importance of SB 105's passage.
Take a moment using GAE's "two-click" process to let your state Senator and your state Representative know that you strongly support this bill. Click here to begin the process.
Following that link, you'll find a sample letter that will be automatically sent to your legislators.
PLEASE TAKE JUST A SECOND TO PERSONALIZE this letter. Tell your legislators about yourself, where you work, and how valuable ESPs are to your mission. Tell them a story about an ESP who has helped your students and how valuable custodians, cafeteria workers, school maintenance personnel, and school bus drivers are to you and your school. Thank you.
