Letter to Stephen Nesbitt, CEO of Cliffwater LLC: You, sir, are part of the problem

My letter to Stephen Nesbitt of Cliffwater LLC, August 21, 2021:

Mr. Nesbitt, why is it so difficult for you to understand teachers do NOT get paid for doing nothing over the summer months? 

For my entire teaching career, I worked for nine months every year because the job was only available for nine months of the year. But I opted to have my pay for those nine months spread out over TWELVE months so that I could receive a steady income all year long. That meant accepting a smaller paycheck over twelve months instead of a larger paycheck over nine. Do the math. You will discover that a teacher's annual income for twelve months is exactly the SAME as if that teacher were paid over nine months. 

To compare teachers and Wall Street is comparing apples and oranges. Wall Street may rake in millions or billions for doing nothing. That's hardly the case with us! At least we can sleep at night with a clear conscience and our integrity intact, much more so than the weasels at places like Wall Street and Cliffwater, who all play a part in fleecing those of us who work much harder for much less. We have lost millions since STRS's gross mismanagement and corruption robbed us of our COLA (yet has kept adding millions to their own pockets at the same time). You, sir, are part of the problem. I hope Cliffwater never steps foot in STRS again. 

Kathie Bracy 

STRS Ohio Stakeholder