Ohio State Teachers Retirement System Had Massive Investment in Silicon Valley Bank
System already under scrutiny for huge bonuses after big losses
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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.