Vote No on Issue 2 – The Drug Price Relief Act

PERI Continues to Discuss COLA Issue With OPERS
September 25, 2017
PERI Members Vote Overwhelmingly for Constitutional Changes and Officers
October 10, 2017

Vote No on Issue 2 – The Drug Price Relief Act

Several months ago, the PERI Board of Trustees had a thorough discussion regarding the so-called Drug Price Relief Act.  We reached out to both campaigns to learn more about their positions.  Only the, “No on Issue 2” coalition was willing to brief us on their campaign.

After additional research, we determined that there were several concerns regarding the implementation of Issue 2 if it were to pass.

First, state entities which currently purchase drugs are already receiving discounts similar to the Veterans Administration.  Therefore, the additional savings promised by the proponents are likely misleading.

Second, and perhaps most important to PERI and its membership, is the very troubling ballot language that defines OPERS and the other state retirement systems as “state entities.”  We vigorously oppose this notion.  PERI has contended for years that the retirement systems are not state entities.  Once contributions pass from public sector employers and employees to the retirement systems, they lose their characterization as state funds and are held in trust for system members.

The language in Issue 2 is quite clear and would jeopardize this status.  We do not want to see the door opened by this potential change in status to groups who might want to find ways to gain access to the substantial assets managed by the retirement systems.

If Issue 2 is approved, there will undoubtedly be lawsuits challenging this status.  Also, the statute as written would allow for virtually all legal fees of the proponents to be paid for by Ohio taxpayers.  This is a devious self-serving tactic and should not become part of Ohio law.

The PERI Board of Trustees spent considerable time discussing the pros and cons of Issue 2 and voted unanimously to oppose the initiative.

Finally, Ohio’s major newspapers are overwhelmingly opposed to Issue 2 for these and a variety of other well-founded reasons.  PERI encourages all members to read more on the pitfalls of Issue 2 by visiting www.NoOnIssue2.org.

Bottom line, we strongly urge all PERI members and their families to vote no on Issue 2.

Leave a Reply

Rules for Posting on the PERI Website

  • This website and the opportunity to post replies to news stories is for the benefit of PERI and its members.
  • You must be a member in good standing of PERI in order to post content.
  • No profanity, disrespectful remarks, inaccurate information or other inappropriate content is allowed.
  • PERI reserves the right to manage content as it sees fit and at its sole discretion may determine that certain posters be banned from posting on this website.
  • PERI expects that any content submitted for posting will have been vetted by the writer for accuracy and be fact-based.  Let common sense and good judgment be your guide.
  • By submitting a post you agree to the terms and conditions above

Your email address will not be published. Required fields are marked *