Ohio State Teachers Retirement System
Teachers pension system lost $27M in bank crash — but says it made $30M since ’99
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
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 […]
Ohio State Teachers Retirement System had massive investment in failed bank
Already under fire for high pay despite big investment losses, the pension system for Ohio's retired teachers lost between $27 million and $40 million when Silicon Valley Bank failed last weekend. That appears to be by far the biggest investment by a public pension system in the United States.
Teachers’ pension system touts clean audit. Retirees unimpressed
Correction: The State Teachers Retirement System of Ohio manages about $90 billion in assets. An earlier version of this story gave an incorrect amount. It has been updated. The State Teachers Retirement System of Ohio has been flagging the results of a special audit conducted in response to complaints from some teachers and retirees. But […]
Effort to claw back $10M in staff bonuses for Ohio teacher retirement system withdrawn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 […]