RH Jones: Thank you, Jim Stoll

From RH Jones, September 18, 2009
Subject: Re: Performance Based Incentives - STRS

Jim Stoll:

Thank you for being one of the very few actives that are monitoring your OH STRS. We desperately need more like you in order to move our STRS in the correct direction.To understand how the OEA leadership would sanction investment staff PBIs when your, and my, retirement system lost an inconceivable amount of money is shocking to any average person. The key is that more actives being involved and vocal. Only then will they straighten up.

Retired educators have much less influence on our STRS board members than do actives. In spite of being vocal in my ineffective ORTA, I seem to be ineffective in bringing about responsibility to their members' wishes. They remain a problem, not a solution. Actives have access to the OEA assemblies and being vocal there, by identifying the STRS shortcomings, hopefully will stimulate the OEA leadership to action. The OEA said in the past that it is NOT their job to monitor the system. Members need to remind them that the STRS is their retirement system too. The damage must be repaired; Our defined Benefits depend it. The bad publicity from the STRS thoughtless shenanigans has caused cash hungry politicians to look with lust after OUR STRS money. They figure, if the STRS is just going to waste it, why not divert it to their own pockets.

Again, thank you for your help.

RHJones, retired teacher and Life Member of OEA