STRS, 'the Cadillac of retirement systems'? Better think again!

From John Curry

May 24, 2021

Please read the fine print! We were told that STRS is "the Cadillac of retirement systems" and that our "best and brightest" are at work protecting our pension system. Well.....let's take a closer look at that very same fine print that I have highlighted below.

This is a two page report made available to the Board at their May 20, 2021 meeting. It summarizes information that was presented to this same board at their March 2021 meeting! This seemed to fly "under the radar" and I was not aware of the seriousness of this situation until I "read the fine print." This ought to scare the hell out of ALL STRS STAKEHOLDERS! Friends...we need a major shakeup at STRS! You read the fine print and you tell me what YOU think! And....we wonder why STRS doesn't leave recorded board meetings, and their related literature, on their website for more than ONE MONTH! WHAT ABOUT TRANSPARENCY? All of this at a time when the STRS Board at the May 2021 meeting, by a vote of 10-1, APPROVED STAFF BONUSES??? Give me a break!

P.S. YOU paid for this report...YOU deserve to know what is in it!