Some things you may not know.........

December 30, 2009

1. Did you know???? that STRS has 3 registered lobbyists. MIKE NEHF, Terri Bierdeman, and the assistant to Ms. Bierdeman. Two of these associates are FULL TIME LOBBYISTS!!!

2. Did you know???? that STRS has a branch office at 44 Montgomery St., San Francisco. This office has a small group of investment personnel and support staff. Their telephone number is 415-434-8003. This can be confirmed on Mapquest. They receive a higher "bonus" than the Columbus staff due to their "cost of living". I wonder if Cleveland retirees have a higher retirement than Vinton County???

3. Did you know???? that Ohio Treasurer Kevin Boyce has not named his representative to the STRS Board even though there have been many qualified recommendations including Dr. Dennis Leone, former STRS Board Member, and Dr. Tom Hall, economics professor at Miami University. Both are participants of the STRS system and qualified to serve as an appointed representative.

4. Did you know???? that the 13th check to retirees was eliminated many years ago, but the performance based incentives (we call them a bonus) have been paid continuously to the STRS Investment Staff Personnel without interruption. Isn't there something missing here?

5. Did you know???? that the STRS associates have a far different medical insurance plan than the retirees. They pay a lower premium and have much better benefits.

6. Did You Know???? On January 1, 2010, the STRS Associates will finally start to work a 40 hour week without additional compensation. Every retiree will understand that they are still working about 15 hours a week less than the typical educator in Ohio. This is the Michael Nehf's "reduction" in operating expenses?????

From STRS Ohio Retirees that Struggle to Survive (SORTSTS)