Bob Buerkle: Exposing Outrageous STRS Behaviors #3

Latest posting on November 2, 2020

By Bob Buerkle

#3. 1. Did you know that STRS is considered the strongest of the 5 Ohio Retirement Systems by one important measure, the 30-year Legislative funding requirement, on average and as reported to Ohio’s legislators by the Ohio Retirement Study Council, being about 10 years ahead of the other 4 systems? Yet, our Pre-2013 STRS Retirees are now behind their OPERS Retiree counterparts by 18% in promised COLA payments.

Many of those OPERS Retirees are our former STRS Management Employees, which we paid for and who were also involved with the elimination our own COLA. This is SUPER OUTRAGEOUS!

Finally, if you have not yet made a donation to the Forensic Audit of STRS, please consider doing so by going to ORTA.org. It’s very easy. We hope the Audit might spot ways to “RESTORE OUR COLA” much more quickly than the 18-20 years that STRS has talked about.