List of contacts for HB 151 and HB 152

From Molly Janczyk, May 11, 2007
Subject: ORTA List of HB 151 and HB 152 Contacts

E-mail Addresses for HB 152 (Alternative Retirement Plan) and HB 151 (Iran Investments)

E-mail Addresses for HB 152: district84@ohr.state.oh.us (Widener) Sponsor Co-Sponsors: district30@ohr.state.oh.us (Seitz) district19@ohr.state.oh.us (Flowers) district54@ohr.state.oh.us (Combs)

E-mail Addresses for HB 151 district17@ohr.state.oh.us (Mandel) Sponsor district67@ohr.state.oh.us (Jones) Sponsor Co-Sponsors: district18@ohr.state.oh.us (Patton) district78@ohr.state.oh.us (Adams) district94@ohr.state.oh.us (Aslanides) district58@ohr.state.oh.us (Barrett) district34@ohr.state.oh.us (Brinkman) district88@ohr.state.oh.us (Bubp) district08@ohr.state.oh.us (Budish) district03@ohr.state.oh.usdistrict90@ohr.state.oh.us
(Collier) district54@ohr.state.oh.us (Combs) district15@ohr.state.oh.us
(DeGeeter) district91@ohr.state.oh.us (Dodd) district98@ohr.state.oh.us
(Dolan) district19@ohr.state.oh.us (Flowers) district97@ohr.state.oh.us
(Gibbs) district73@ohr.state.oh.us (Goyal) district76@ohr.state.oh.us
(Hite) district06@ohr.state.oh.us (Latta) district32@ohr.state.oh.us
(Mallory) district20@ohr.state.oh.us (McGregor) district02@ohr.state.oh.us
(Peterson) district63@ohr.state.oh.us (Schindel) district36@ohr.state.oh.us (Setzer) district66@ohr.state.oh.us (Uecker) district81@ohr.state.oh.us (Wagner) district46@ohr.state.oh.us (Wagoner) district53@ohr.state.oh.us (Webster) district23@ohr.state.oh.us (Wolpert) district77@ohr.state.oh.us (Zehringer) (Carmichael)

1) HB 151 - This bill requires divestiture of investments in any foreign corporation doing business with Iran. While appearing to be an anti-terrorism bil, its broad definitions could prove to be harmful to STRS investment performance. The bill's definitions are so broad that it may require avoiding investments in business with a substantial "footprint" in Ohio. Investments in BP (750 Ohio citizens employed, not counting gas stations), Daimler-Chrysler (over 9,000 Ohio employees), and Honda (more than 17,000 Ohioans work there) are just a few examples. The bill requires divestiture only by the public pension funds of public employees, not private funds. Suspiciously, the bill provides "Protection" from "breach of fiduciary duty" charges for Board members who take these actions, basically admitting that implementation of this legislation may result in a loss for our pension funds that would otherwise be considered criminal.

2) HB 152 - This bill is a reintroduction of one from the last legislative session that requires school boards to offer retirement plans other than STRS (Alternative Retirement Plans) to employees with five or fewer years of service. These STRS members represent 25% of our membership and 14% of statewide payroll contributions for the system. It is an obvious threat to our pension fund's long-term viability.