Wednesday, November 11, 2009

Jim Conard: Why not STRS staff?

From: Jim Conard
To: Lynn Wachtmann ; Dan Dodd ; Todd Book ; Kirk Schuring ; Sue Morano ; Keith Faber ; John Curry
Sent: Tuesday, November 10, 2009
Subject: Why Not STRS Staff??
ORSC Board and John Curry,
In quoting from the Oct. 2009 News Letter from STRS Ohio: "Their plan includes an increase in contributions; an increase in final average salary years; a change in eligibility for retirement; a change in the benefit formula; and a reduction in the annual cost of living adjustment".
Nothing is being said about what STRS can cut in the way of staff and benefits. For example, they have 81 investors that make an average salary of $220,000 a year, a staff of almost 600 people and some members who make more than $300,000 a year.
Since everything is on computers these days I believe they could run that organization with 27 investment staff and 100 staff members. Above all, they should be cutting salaries.
I don't believe Mike Neff has the intestinal fortitude to run this organization. We need to get a new director as well as a new board.
Jim Conard, Retired Teacher, Shelby County
Larry KehresMount Union Collge
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