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Dear
LEOFF I Members and Beneficiaries,
It's
an all too familiar story... the state legislature is trying to
take a short-term, easy-out solution to long-term budget problems.
Lawmakers can't balance their own budgets, so they're looking at
all available funds - like the LEOFF I pension fund.
It
doesn't matter that the financial markets have reduced the LEOFF
I surplus to less than 17 percent of its value at the beginning
of this year. Lawmakers are still eyeing the entire assets of the
LEOFF I Trust Fund. The October 3, 2001 Olympian reports, "Rep.
Kathy Lambert, R-Redmond, who is co-chairwoman of the pension committee,
said... using the (reduced) surplus is not off the negotiating table."
Balancing
the state budget on the backs of public safety workers' pensions
is not leadership. It's a flagrant violation of the trust you put
in the government you worked for.
The
LEOFF I Coalition was formed to protect the integrity of your pension.
To that end, the Coalition is working statewide on your behalf to
educate LEOFF I members and persuade lawmakers to protect you.
I
urge you to contact your legislators and tell them, in the strongest
possible terms, to leave your money alone. Call all the other LEOFF
I members you know and urge them to make noise, too. I also ask
you to consider supporting the LEOFF I Coalition efforts on your
behalf by volunteering time or sending a contribution.
You
have spent your working life placing yourself in harm's way. You
have served the public faithfully and deserve to be heard.
Thank
you,
Mark
Curtis, Chairman
LEOFF I Coalition
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