By Becky Curtis

In 1996 a law was passed to change the way service credit was calculated for part-timers, but SMC’s calculation procedures have never conformed with the law. The STRS calculation for a Full Time Equivalent assignment should be based on a minimum of 525 instructional hours for lecturers and 1050 for counselors and librarians.  However, SMC is still not reporting service credit correctly.  Misreporting prevents part-time faculty from receiving the correct number  of years for their service credit, which affects each part-timer’s retirement benefits.

The Faculty Association, led by Chief Negotiator Mitra Moassessi, recently incorporated an agreement in our current contract to correct the STRS calculation retroactively back to 1996 here at SMC. However, if you are contemplating retirement in the near future, you need to make sure on an individual basis that the calculation for your service credit has been made correctly here and wherever you have taught. It’s your retirement, you money at stake.  For more information go to ARTICLE 25:  Part-Time Faculty Retirement.

Calculating

Service Credit

Let’s Celebrate

Our Victory!

Faculty Association

Annual Holiday

Celebration

 

Place: 515 25th Street

Santa Monica

Date: December 9

Time: 5pm

 

Main dish and drink will be provided.

Bring your favorite

appetizer or dessert.

Deborah Dahl-Shanks explains the intricacies of STRS to an attentive SMC audience.