Page 2 - Robin Rayfield News Today

Ohio’s retired teachers might have gotten only one three percent cost-of-living increase since 2017, but the staff that’s managing their pension funds is requesting a 31-percent increase in its already big annual bonuses.

Meantime, it's not yet known whether retired teachers will receive a cost-of-living increase in a year of high inflation.

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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.

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.

System already under scrutiny for huge bonuses after big losses

News Editor news@presspublications.com A special audit of the State Teachers Retirement System of Ohio has found no evidence of fraud or illegalities related to the $90 billion held in trust by the STRS for its members.

State Auditor Keith Faber conducted a "limited review" of the pension fund in response to a critical report on STRS unveiled last year.

Poor management and failing investments strategies at STRS is a real issue hurting thousands of retired teachers in Ohio.

The State Teachers Retirement System of Ohio fares much better than major stock market indexes and is among the top systems in the nation.