Damschroder: Ohio teachers pension mauled by Panda
John Damschroder
The Ohio Retirement Study Council (ORSC) revived oversight theater, a suit and tie simulation of supervising the $200 billion state pensions. In the first act, ORSC started the process for fiduciary audits of the teachers and police and fire pensions a mere five years after their legal deadline.
Meanwhile, the New York State Common Retirement Fund showed the enormous power pensions wield, in a further embarrassment to Ohio. The New York pension forced FirstEnergy to disclose direct and indirect political spending along with lobbying expenses, twice a year, to keep the pension from putting the proposal to a shareholders vote. Thus, the company on the receiving end of a billion dollar Ohio Statehouse bailout the U.S. Department of Justice alleges passed with the help of $60 million in political bribes has reform imposed from New York rather than Ohio.
Months Before SEC Investigation, Infinity Q s CIO Touted Strong Performance institutionalinvestor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from institutionalinvestor.com Daily Mail and Mail on Sunday newspapers.
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Board of Trustees to receive academic, financial updates during January meetings Published: January 8, 2021 Author: Staff reports UCM Walter Hall
The Ohio University Board of Trustees will meet Jan. 14-15 for its regular meeting. Agenda items include the approval of a new environmental science and sustainability degree program and discussion of new strategies for scholarship and aid optimization.
The Board will receive financial and academic planning updates. In addition, Ohio University President M. Duane Nellis will discuss the University’s COVID-19 response and plans for the spring semester as part of his report to the Board.
The meetings will be held from 8 a.m. until 3:30 p.m. Jan. 14 and 8 a.m. until 12:30 p.m. Jan. 15 and will be streamed online for media and public access. The meetings will be conducted online in accordance with Ohio House Bill 404, which allows for public meetings to be conducted in an online environ