Retired teachers will still get raises - WALB.com, Albany News, Weather, Sports

Retired teachers will still get raises

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By Jay Polk - bio | email

November 20, 2008

ALBANY, GA (WALB) - Retired teachers in Georgia will continue to get their semi-annual cost of living increase.

Wednesday, the Teachers' Retirement System Board voted to continue a one and a half percent increase every six months.

Back in September, the board considered a proposal from Governor Sonny Perdue to alter the agreement that gave some 115-thousand former school employees the automatic raises. After hearing about the plan, the Georgia Education Association got involved.

Rosa Ward, UniServ Director said, "they came together, they wrote letters, they did phone calls, e-mails. And I understand that when they met yesterday, they had a parking lot full of people. They were there in force."

The board's vote was unanimous. Supporters of the proposal argued that the board needed more flexibility to deal with the troubled economic conditions. The teacher and state retirement systems have lost 11 billion dollars since July first.

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