Ohio pensions

Director of Ohio teachers pension fund placed on leave

BY: - November 22, 2023

Bill Neville, executive director of the State Teachers Retirement System of Ohio, has been placed on leave while special counsel hired by the Ohio Attorney General’s office investigates allegations made against him by system employees. The complaints, first reported by NBC4, appear to be separate from other controversies over the fund’s performance and investment strategies. […]

Ohio teacher pension board member sues over removal

BY: - June 16, 2023

A board member of the Ohio State Teachers Retirement System and self-professed supporter of Gov. Mike DeWine is now suing over DeWine’s purported firing of him last month. The firing came just as a group seeking big changes at the $90 billion pension fund was poised to achieve a majority on the board. The board […]

Just as dissidents achieve majority on pension fund board, DeWine removes one

BY: - May 9, 2023

Gov. Mike DeWine is being accused of pulling “a switcheroo” on Ohio’s retired teachers by terminating a change-minded member of the pension board just as that faction was achieving a majority. But the governor’s spokesman said all the governor wants is a member of the State Teachers Retirement System Board who will faithfully attend its […]

Teachers pension system lost $27M in bank crash — but says it made $30M since ’99

BY: - March 24, 2023

The Ohio State Teachers Retirement System on Thursday said that while it might have lost $27.2 million when Silicon Valley Bank failed earlier this month, it’s made more than $30 million since it started investing in the bank 24 years ago. The system released the figure after a week of questions about its losses in […]

After other risky investments, Ohio pension system won’t say what it lost on failed bank

BY: - March 17, 2023

The Ohio State Teachers Retirement System still hasn’t said exactly how much of its members’ money it lost when Silicon Valley Bank failed last weekend. The system is already under fire for big salaries and for paying $10 million in bonuses last August — two months before actual losses of $5.3 billion came in for […]

Retirement system chief doesn’t have confidence of board

BY: - February 20, 2023

Long criticized by members, the executive director of the State Teachers Retirement System of Ohio on Thursday failed to win a confidence vote by the system's board. The board instead voted 5-5 when they asked if it had confidence in the director, Bill Neville.

Effort to claw back $10M in staff bonuses for Ohio teacher retirement system withdrawn

BY: - November 23, 2022

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

BY: - October 21, 2022

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

BY: - July 7, 2022

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

BY: - January 29, 2020

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 […]