Dean Dennis: An appeal to legislators about the situation at STRS

Dean Dennis to Ohio Legislators

June 15, 2021

Legislative Friends,

Please share our problems at STRS with your colleagues.  Since my last communication with you there has been unfavorable national press addressing how STRS manages its members' monies from NBC and Yahoo Business News. STRS has refused to offer any material evidence defending itself against the High Cost of Secrecy forensic report upon the request of HPA. Additionally, another lawsuit over STRS's lack of transparency has been filed. https://www.supremecourt.ohio.gov/pdf_viewer/pdf_viewer.aspx?pdf=905384.pdf 

STRS simply continues to detach itself from reality by claiming it is a top tier pension system.  Meanwhile, active teachers receive 75 cents on the dollar for their employee contributions and retirees are staring at a decade without any COLA.

I think the (attached) rebuttal from Edward Siedle to STRS summarizes our problems pretty well.  Again, please feel free to share our problems with your colleagues. STRS members certainly deserve more. Any suggestions would be appreciated. Feel free to call me 513-379-8838.

Sincerely,

Dean Dennis, ORTA Legislative Committee Member

                       STRS Member Only Forum, Spokesperson

                       STRS Ohio Watchdogs, Administrator

Attachment: Forensic Investigation of STRS Ohio: The High Cost of Secrecy by Edward Siedle, posted on this blog June 7, 2021