Effort to claw back $10M in staff bonuses for Ohio teacher retirement system withdrawn
At least 200 employees of the State Teachers Retirement System of Ohio made more than $100,000 a year in 2021. An earlier version of this story said that all of the system’s employees listed on the Ohio Checkbook database made more than that, but that was inaccurate. A spokesman said more than half of the […]
Just after giving out $10M in bonuses, teachers retirement system announces $5.3B in losses
The Ohio State Teachers Retirement fund in August voted to give its employees $10 million in bonuses even though it estimated that it had lost $3 billion during the fiscal year that ended July 1. On Thursday, the official numbers came in showing that the fund’s losses were actually much larger — $5.3 billion — […]
Retired teachers go to court for Ohio pension records
An analyst working for Ohio retired teachers went to court last week seeking records relating to the state pension funds. The analyst is trying to determine whether teachers' pension money is being squandered on high-fee "alternative" investments such as private equity and hedge funds. He is also investigating whether external consultants directing such investments are also being paid by the firms in which retirement system money is being invested.
Pension oversight, jobs for military spouses, and childhood poverty
Each day in our newsletter, we are highlighting stories and commentary from other media big and small throughout Ohio and the nation. If you’d like to get this feature directly to your inbox, please sign up for our newsletter here. Catching Our Eye: Hot pursuit. Cleveland.com’s Andrew Tobias is reporting, “Ohio lawmakers pursuing pension oversight bills.” “Some Ohio lawmakers […]