Friday, May 01, 2009

NUMBERS, NUMBERS...........
Current value of STRS assets (as of March 31, 2009):
......$47.65 billion
As of mid May, 2009: $51 billion
Peak value (October 2007):
......$80.1 billion
Lowest value since October 2007:
.....$46.3 billion (February 28, 2009)
Current (4/09) projection on when the healthcare fund
will run out of money (it's been funded from
the principal since 2008):

......2018 (if we're lucky)
Number of associates employed by STRS (4/09):
......605
Peak number of employees at STRS (2003, before Dennis Leone made a hard pitch for cuts in his INVESTIGATIVE REPORT of May 16, 2003):
......734
Number of job openings at STRS on 4/30/09:
......1 .....(Click here for updated listing(s)
How much STRS spends to support our health insurance plans (based on 2008 figures)
......Per year: $544,448,203
......Per day: . $1,487,563
Approximate number of stakeholders/members in STRS (4/09):
......175,000 active members (teachers, administrators, college professors & college administrators)
......125,000 retirees
......100,000 inactive teachers (neither retired or active in STRS; they have money in the pension fund from previous service over the past 80 years, which has not been drawn out)
......Total: 400,000
Some March 31, 2009 numbers at STRS:
......http://www.strsoh.org/pdfs/expenses.pdf


May 2009

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