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NEARO 2017 ACCOMPLISHMENTS AND 2018 GOALS |
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Written by NEARO
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Wednesday, 28 March 2018 20:51 |
Accomplishments
- NEARO is measurably stronger; including increased membership, participation in coalitions, innovations (such as electronic voting) and more frequent membership communication.
- Increased participation and recognition by NEA in our oversight of NEA Retirement Board.
- Increased engagement and coalitions with allies (such as NSO).
- Our participation in member meetings has strengthened and we have established more active committees.
2018 & Beyond Goals
- Advocacy - Continue our advocacy for all retirees in the NEA Retirement Plan, and strengthen the voice of NEARO, whose members represent the majority of plan participants.
- Communication/Connection - Update our technology for greater effectiveness, in order to expand our ability to communicate with members, provide timely information and receive their input.
- Membership Engagement - Continue to expand membership to all plan members, focusing on state affiliate retirees as well as NEA retirees.
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Last Updated on Wednesday, 28 March 2018 20:54 |
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2018 NEARO Officers, Board of Directors, Ex Officio |
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Written by Editor
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Monday, 04 April 2016 00:00 |
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Officers:
 Joel Packer, President *
 Gloria Constant, Vice President *
 Betty Jeung, Recording Secretary
 Tomás Saucedo, Membership Secretary *
 Steven Martinez, Treasurer
Board of Director members:
 Carol Adams
 Mona Ball *
 Edith Jefferson
 Pat Orrange
 Rafael Rivera *
 John Thurston *
 Teresa Rankin, Immediate Past President
* term expires 12/31/2018, all others expire 12/31/2019
 Lynn Coffin, Ex Officio - Outreach Editor
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Last Updated on Friday, 15 December 2017 15:48 |
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COLA increase for our pensions! |
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Written by NEARO
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Saturday, 16 December 2017 09:13 |
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Good news! Effective 1/1/2018, each of our pension payments will increase by 1.6%!
There will be a note on each payment stub for everyone who receives a pension benefit that their 1/1/2018 benefit has been increased by 1.6%.
The COLA applies to every recurring retirement payment effective on 1/1/2018, regardless of when someone started receiving their pension.
NEARO played a role many years ago in advocating for the automatic COLA on our pensions.
Here's a description of the COLA from the Summary Plan Description:
"The Cost-of-Living Adjustment (COLA) is an annual increase that is applied to your basic NEA Plan monthly retirement pension each January 1. It is designed to help you keep up with inflation and the increased cost of living.
Each January’s COLA is based on 80% of the change in the U.S. Consumer Price Index for All Urban Consumers, CPI-U, from October to October of the previous year. There is a maximum annual increase of 3% applied to your pension. Effective January 1, 2000, the minimum annual increase is 11/2%.
COLA = CPI-U change from October to October x 80%, up to a maximum of 3% and not less than 11/2%" |
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Last Updated on Saturday, 16 December 2017 10:29 |
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