Warren County jumps on board with a Resolution of Support for Dennis Leone's motion

A Resolution of Support

Whereas, according to the Ohio Revised Code 3307.15, the State Teachers Retirement System is governed by a Retirement Board consisting of five elected contributing teacher members; two elected retired teacher members; an investment expert appointed by the governor; an investment expert appointed jointly by the speaker of the House and the Senate president; an investment expert designated by the treasurer of state; and the superintendent of public instruction or her designated investment expert,

And

Whereas we believe that the duly elected and appointed members of the Retirement Board should have the sole responsibility for establishing and voting upon all policies governing the actions of the State Teachers Retirement System,

And

Whereas the Executive Director of the State Teachers Retirement System has, in several instances, usurped the power to establish policy and practices,

And

Whereas the Board of the State Teachers Retirement System has failed to take action to delimit the ability of the Executive Director in such matters,

And

Whereas State Teachers Retirement Board member, Dr. Dennis Leone, on October 19, 2007, made a motion to establish such limits by changing language in existing Board policy entitled : “Delegation to the Executive Director“, on page 41 paragraph B of the Board Policy Manual. A motion that was subsequently tabled;

Therefore the membership of the Warren County Retired Teachers' Association at its meeting on Monday, November 5, 2007 voted to send this resolution of support for Dr. Leone‘s motion to the Board of the State Teachers Retirement System along with the request that the Board, at its November 2007 meeting bring Dr. Leone‘s motion to a vote and enact the policy changes therein."

Enacted this 5th day of November, 2007

For the Warren County Retired Teachers' Association:

Ms. Barbara Carvey, President

Mr. Ryan Holderman