January 27, 2015
“What Should I Say to my Legislator?”
Many members tell us they really do want to help achieve OREA legislative goals, but they’re uncomfortable in communicating – either face-to-face or in writing – with their lawmakers. They say they don’t know what to say.
This reluctance to communicate is not uncommon. It can be overcome with some suggested messages, followed by practice. Try using some of the following examples as a way of putting together your own thoughts for effective interaction with your legislators in the state House of Representatives and Senate. Pretty soon, your fears will be long gone. Click here to continue reading...
January 26, 2015
“More than 50 Bills Filed Potentially Affecting Retired Educators”
The rush to get bills filed in advance of the February 2 convening of the First Session of the 55th Oklahoma Legislature ended Thursday, January 22. In all, more than 800 Senate and 1,200 House pieces of legislation were introduced, including bills and various types of resolutions. Click here to continue reading...
According to the National Institute for Retirement Security, traditional defined benefit retirement plans - like the Oklahoma Teachers' Retirement System - are better than the individual accounts provided by defined contribution 401 (k)-style plans now being pushed aggressively across the country by some leading politicians and many leaders of the financial industry.
A recent NIRS study found that traditional defined benefit plans are 48 percent less expensive to provide the same modest retirement benefit offered by a defined contribution plan. Stated differently, it means that, for the same amount of money going into the plan, a sponsor (i.e., the state of Oklahoma) can benefit from significant savings, and the eventual retiree (i.e., the Oklahoma retired teacher) can enjoy much more money in his/her pocket. It means lifetime financial security, and not outliving your money.
More specifically, NIRS says that traditional pension plans enjoy higher investment returns and lower fees than individual accounts, generating a 27 percent cost savings.
Unlike individual investors who generally enjoy high-risk, high-reward investment strategies when they're young, but switch to lower-risk portfolios that yield far lower returns as they age, traditional pension plans can maintain a balanced portfolio that yields consistently high returns, generating an 11 percent cost savings.
Traditional pension plans pool longevity risk, meaning that they only have to save for the average life expectancy of a group of individuals. Workers in a 401(k)-style defined contribution plan need an investment strategy that provides for the event that they live longer than average life. Longevity risk pooling generates a 10 percent cost savings.
Add up the savings, and it's 48 percent. If the Oklahoma Teachers' Retirement System, as it is currently structured, is less costly to administer, and retirees get more money to last them a lifetime, why would we want to do anything else?
OREA members who have selected the additional optional NEA-R membership are eligible to run as candidates for two offices. The filing period is February 1-20 for the offices of:
(1) NEA-R Delegate-At-Large to the OEA Delegate Assembly which will be held at the Reed Center in Midwest City, April 24-25.
(2) NEA-R Successor Delegate-At-Large to the NEA Representative Assembly which will be held in Orlando, Florida, July 1-6.
Candidate filing forms are available by clicking here, on the OEA website www.okea.org, or at the OEA Headquarters in Oklahoma City or OEA Regional Office in Tulsa. Financial assistance from OREA is not available to winning candidates.
NEA-R members may vote online March 1-27 in the election of the two positions described above as well as for the office of OEA Vice President. Beginning March 1 a link will be provided to enable you to vote.
- ANNOUNCING A BRAND NEW BENEFIT -
GUIDED TOURS BY COLLETTE TRAVEL
Introducing the first two trips....
Bella Italia Tour Highlights include:
- St. Mark's Square
- High-Speed Train
- and much, much more!
Click here to learn more about the OREA Bella Italia Tour
New York City Holiday Highlights include:
- Radio City Music Hall featuring
high kicking Rockettes
- Empire State Building
- 911 Memorial
- Statue of Liberty
- Broadway show
- and much, much more
OREA Spotlight on New York City Holiday
Enjoy the Freedom of Guided Travel
The only way to travel! Finding the perfect hotel to a blending of cultural experiences and free time with must-see inclusions, Collette Travel will handle it all while you simply revel in the adventure.
Peace of Mind
Collette Travel is with you every step of the way. Their group travel experts make your pre-tour exerience easy. While their tour managers take care of all the pre-tour details, you will experience the tour with your group.
Travelers can relax and set out on their adventure worry-free with Collette's Travel Protection Plan, which offers a full refund for any reason right up to the day prior to departure.
NEW MEMBER BENEFIT!
OFFICE DEPOT SAVINGS PROGRAM
OREA has partnered with Office Depot® to bring you a FREE discount program. Save up to 80% off preferred products!
- Shop online with FREE next day delivery on orders over $50 (excludes furniture orders)
- Shop in one of Oklahoma’s 17 stores
To shop online or print off your in-store savings card, click here:
MEMBERS RECRUITING MEMBERS: WHY DIDN'T SOMEONE THINK OF IT BEFORE?
Click on the link below for a 2014-15 membership form and the simple rules of the new OREA member recruiting plan. Aimed at growing the already strong OREA membership base to strengthen the retired educator voice in all the places it's needed, the "Member Recruiting Members" program is so simple, yet has great potential. And, if you elect to take part, it could put some extra dollars in your purse or wallet. Take a look at the program, and we hope you'll utilize the OREA membership enrollment materials to recruit new members. We'll all be better off if you do.
2014 -15 Membership Enrollment Form & The Basics of the Program
Now Available...Join Online.
It's quick and easy.
This option is only available
for the OREA (State) Annual Membership.
Click here for information and to join
“Program Ideas for Local Unit Meetings and Activities”
Need a new, fresh program idea for your local county meeting? Thanks to the OREA Communications Committee and the Tulsa Metro Retired Educators Association for their suggestions.
Click here for lots of amazing ideas
Ever wonder how OREA members become officers, board members, or committee chairs? Perhaps there are members who would like to
become more active in the association but aren't certain of the way
officers are elected and the responsibilities of each. Click here for
an overview of officers, board members, and committee chairs
how they achieve an office.
CALL OREA DIRECT
405.525.2230 - Local
800.310.2230 - Toll Free