The Public School & Education Employee Retirement Systems of Missouri (PSRS/PEERS) produced a video on YouTube entitled "Funding Update" to inform the elite recipiants of the status of their gold-plated pension plan. PSRS/PEERS presented Bret Ghan, Chief Communications Officer's interview with M. Steve Yoakham, Executive Director.
At the 6:50 mark on this video, M. Steve Yoakham states the amazing fact that "We will pay that average retired teacher more money in retirement than her school district paid her during her working career". HMMMMMM!
We ask: Is that a good deal for the taxpayers? We here at the MCTA think not. We urge you to contact your state legislators and tell then that you are FED UP with the PSRS/PEERS redistribution of wealth to the public education ruling class. Tell them that you want REFORM NOW!