John Curry: The "Cadillac of retirement systems" has now turned into a Yugo!

From John Curry

May 28, 2021

STRS FLASHBACK - 3 DECADES AGO - The "Cadillac of retirement systems" has now turned into a Yugo!

Pictured below is a 1990 Cadillac DeVille. Also pictured below is a 1990 letter from Buck Consultants stating that Ohio STRS had "one of the most competitive pension benefits programs for teachers in the nation!"

I will give STRS some credit....we still have a luxurious palace with a parking garage paved with "paver bricks" to park this vintage Caddy in, don't we? The only problem now is that, thanks to mismanagement of our funds, we retirees can only afford a used Yugo!

P.S. For the STRS Associates however.....STRS is STILL the retirement system with the "most comprehensive benefits in the nation," isn't it? Have you hugged your bonus today? They have!

.....and today we have