Kathie Bracy to Conni Ramser: Two questions

June 9, 2006

Dear Ms. Ramser,

Two questions:

1. How can you have full knowledge of the sordid side of STRS' history (and therefore a more intelligent basis for making crucial decisions affecting the lives of thousands) if you have not read Dennis Leone's papers of 2003 and since?

While his investigative findings may represent only the tip of the iceberg, they still give a pretty accurate picture of the types of self-serving shenanigans that were rampant at the time (2003 and before) with the STRS Board, and which will have adverse effects on our pension system for years to come. An often quoted truism admonishes us "Those who forget the past are destined to repeat it." From all appearances, you are well on your way.

2. How can you know exactly what you are voting on when you do not have detailed documentation in front of you, and why are you opposed to having such documentation when votes are taken, especially when it involves spending millions of dollars of retirees' funds?

I would appreciate an explanation on how a display of this kind of irresponsibility conforms to the spirit and the law of ORC 3307.15, and how it serves the STRS membership: thousands who are counting on you to make intelligent, informed and compassionate decisions on their behalf.

Thank you.

Kathie Bracy

STRS Retiree