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The State Teachers Retirement System of Ohio is the state's second largest public pension fund and oversees about $90 billion invested on behalf of 500,000 teachers and retirees.
Each year for a decade, State Teachers Retirement System cut teacher benefits while rewarding themselves with shameless pay raises and sham bonuses. Each year for a decade, State Teachers ...
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The Ohio Retirement for Teachers Association and STRS Watchdogs began pressing the board to restore the COLA. STRS has about 500 employees and manages about 70% of the $90 billion portfolio in-house.
The State Teachers Retirement System of Ohio is facing "a hostile takeover of a public pension by private interests," according to a 14-page anonymous memo that surfaced Wednesday.
The Buckeye Institute has several research fellows and scholars responsible for conducting the group's research into various public policy debates, including health care, education, and economic development. The Buckeye Institute started a legal advocacy group, the 1851 Center for Constitutional Law, which was eventually spun off on its own. [12]
In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19
Considering a teacher could retire today in their late 50s and receive a guaranteed pension benefit for the next 30-plus years, all while there are fewer active teachers paying into the fund, you ...