STRS News Update: ORSC to seek public input on pension proposals

From STRS, July 13, 2011

OHIO RETIREMENT STUDY COUNCIL TO SEEK PUBLIC INPUT ON PENSION PROPOSALS Ohio Retirement Study Council (ORSC) chair, Sen. Keith Faber, said today that he intends to hold Council meetings at various locations around the state in August, September and October to get public input on proposals to strengthen the financial condition of the five statewide public pension systems. At this morning's ORSC meeting, Faber asked members of the Council to review their calendars so that upcoming dates can be determined. Once dates and locations are set, STRS Ohio will share this information via our e-mail news service and on our Web site (https://www.strsoh.org). We encourage our members to attend these meetings to share their opinions with their legislators - and to voice support for STRS Ohio's plan to ensure the long-term solvency of the pension system.

Also at this morning's meeting, the ORSC amended its recently released Request for Proposal (RFP) for Actuary and Policy Advising Services for Pension Reform Issues. Removed from the RFP was a mandatory pre-bid conference aimed at allowing potential bidders to ask questions on the RFP. In lieu of this pre-bid conference, the Council voted unanimously to allow potential bidders to submit questions in writing. Both the written questions and answers would be shared with all potential bidders and posted on the ORSC Web site. As a result of this change, the Council extended the date for final bids from August 11 to August 25.