Wednesday, July 24, 2019

Overheard at the coffee bar.....

Damschroder column: Why I settled my lawsuit against OPERS
"This is OPERS, but still applicable to STRS." 
"This is an excellent article. The best and brightest set their own bonus levels and do very little to earn their base salary." 
"'Where there is secrecy, a large pension fund and few in control...a prescription for corruption. '... 'Sunlight is said to be the best of disinfectants... '- Justice Louis Brandeis" 
"JobsOhio, Mark Kvamme -- is the last and least transparent entity I would ever want getting even close to my retirement funds. But since they did (so easily get close to $66 billion)..., we are probably screwed." 
"There is no reason to believe that STRS is not as bad or even worse. The investment department are filling their pockets at our expense. Imagine using our money to contract with invest firms that operate in secrecy. Are you kidding me? We as retirees have every reason not to trust the STRS Board or staff. We are being betrayed by the very people who are supposed to be protecting our best interests. Don't let anybody ever tell you that Jessie James is dead!" 
"A bank robbery in progress, no doubt! I sincerely hope some folks are held accountable and jail time will result!"                                        
Larry KehresMount Union Collge
Division III
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