John Bos to STRS Board: The sailor spends his OWN money

From John Bos, March 19, 2009
Subject: Raises, Bonus, and The STRS Retiree

Ladies and Gentlemen of the STRS Ohio Board,

Obviously many of you do not understand the feelings of the taxpayers and STRS participants. Have any of you (or Mike Nehf) asked the Investment Staff to return their inappropriate raises? Have any of the STRS Investment Staff offered to refuse their "bonus" for the 7/12 of this fiscal year? Has anyone decided to run a simple member survey that asks 2 questions? I support the bonus system when the economy is in the tank? I approve of the raises that were recently awarded to the STRS staff? Please do not tell me that Laura Eckler can not run this simple survey..

A cartoon in the paper this week tells the story best!!! What is the difference between an AIG bonus baby and a drunken sailor? The sailor spends his own money. Perhaps this is a joke that many of you do not understand.

It was also interesting to read in the paper that Ms. Eckler stated that it was not your intent to grant raises to certain staff members to compensate for their loss of bonus money. I did not realize that she was trained to be an interpreter of your thoughts. You may wish to call this PBI, but to the members that are suffering, it is still a bonus.

How much do you expect the older retirees to suffer before you are willing to tell Mike Nehf and the staff that you will no longer support the "entitlement attitude", but rather will work to assist the STRS retirees.

John Bos
A 1989 Retiree with a wife that is disabled.
Looking for work, Can you provide a list of potential positions?