To Governor Strickland: Stop the STRS Board

To the Honorable Governor Ted Strickland
April 6, 2009

Dear Governor Strickland,

As a retired teacher who is receiving my pension and health care from STRS Ohio, I am shocked and greatly disturbed that while our pension fund lost nearly $34 BILLION in the last 18 months, many on our pension board still favor paying out millions in bonuses to the investment staff.

This is not RIGHT -- times have changed; too many people are hurting, and there is NO PLACE for greed today. Something needs to be done. I am appealing to you and to the state legislature -- if there is anything you can possibly do to stop this board from doing further damage to the welfare of the STRS stakeholders, please do so as soon as you can. Many are already living on bare-bones budgets as it is; they don't need to be made poorer while making the rich investment staff that much richer when times are tough. The bonuses need to be saved for the GOOD times.

Katherine B. Bracy
Columbus, OH