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Acting Executive Director and Chief Financial Officer Lynn Hoover poses in her office at the headquarters of the State Teachers Retirement System in Columbus, Ohio, on Friday, Nov. 22, 2024.
State Teachers Retirement System of Ohio will lose its interim director and investments chief in the latest round of exits. Ohio teachers' pension fund to lose 2 key executives amid turmoil Skip ...
The Ohio Retirement for Teachers Association and STRS Watchdogs began pressing the board to restore the COLA. STRS has about 500 employees and manages about 70% of the $90 billion portfolio in-house.
Teacher Retirement System of Texas: $146,326 $146,326 79.7% 8.0% 7 New York State Teachers: $115,637 $115,637 94.2% 7.5% 8 State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement ...
In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19
A battle is under way for the future of Ohio’s $94 billion teacher pension fund, as would-be reformers’ attempts to deliver long-promised benefits to retirees with the help of an aggressive ...
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The State Teachers Retirement System of Ohio is facing "a hostile takeover of a public pension by private interests," according to a 14-page anonymous memo that surfaced Wednesday.