Nancy Hamant: STRS not practicing what it preaches

August 30, 2006

STRS's official comment about the ethics charges filed yesterday against four STRS Board members. The STRS statement reflects the concern of ALL STRS members about what has happened in the past at STRS. Unfortunately, I feel that all STRS members must monitor exactly what continues to occur at STRS either as result of the Executive Director's leadership or STRS Board actions. As it is quite different to say the "appropriate words" and to practice those words. Recent events at STRS, such as paying $315,000 to a "headhunter" to find 3 new STRS employees and the approval of paying the private legal fees of 3 STRS employees who were called to testify at Hazel Sidaway's trial, indicate that STRS is not practicing what it is preaching!

Nancy Hamant