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Ohio Reform Advocates Sound Alarm On $96B Pension Crisis

The Federalist
Summary
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69% Informative

State Teachers Retirement System of Ohio (STRS) is one of the largest public pension funds in the U.S. Teachers pay 14 percent of their salary into the system, they receive only 11 percent in return.

Teachers haven’t received a cost-of-living adjustment (COLA) since 2017 .

The Ohio STRS board has been embroiled in controversy for decades .

STRS Ohio is one of the largest public pension funds in the country.

Despite allegedly losing $15 million a day, the Ohio pension fund is still “ one of the nation's largest’s largest.

The fund that performs with the stock market is more reliable than one that tries to outperform it, and STRS could save money by not paying managers.

VR Score

77

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81

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formal

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English

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57

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short-lived

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