Friday, April 15, 2022

Here's the Source: STRS Facts

April 15, 2022 

STRS Facts (election@fixmypension.org)

It's Time To Fix Our Pension!

It's very troubling that STRS is sending out official memos to its entire membership of actual misinformation. Throughout this election, Fix My Pension, a group of concerned Ohio teachers have been shining the spotlight on some startling facts. 

BELOW ARE THE SOURCES. Please understand, this is our future, and the institution we are supposed to trust are saying these documents below don't exist. Pass this information to every teacher you know.

#1 OHIO TEACHERS HAVE THE WORST DEAL IN THE COUNTRY.

The Wisconsin Legislative Council completed a comparative review of every public pension in the United States. CONCLUSION: STRS Ohio is the only public pension in the country that has a negative normal employer cost, which means Ohio teachers contribute more than the value of their pension.

Source: docs.legis.wisconsin.gov  (pg. 21 & 22)
#2 Boston College Center for Retirement Research (CRR) never refuted the CONCLUSION above, even though STRS has sent numerous emails suggesting otherwise.

According to the Assistant Director of Communications of CRR, “The CRR did not reach out to confirm or refute the findings.”

Source 1: STRS Official Email
Source 2: (see official email from CRR below)
Why is STRS lying to you?

#3 STRS COMPENSATION IS THE HIGHEST IN THE COUNTRY

It’s impossible to justify paying $10 million in annual bonuses to the highest compensated public pension staff while Ohio teachers have the worst deal in the country.

Source 1: Ohio Retired Teachers Association Forensic Study
Source 2: State of Ohio Transparency Checkbook

WHAT IS THE SOLUTION?

Please understand, this is our future, and the institution we trusted to provide a secure retirement is denying these documents exist. Share this information with every teacher you know.

We need to VOTE OUT those using your money to mislead us.

VOTE FOR CHANGE:
  • Julie Sellers (active)
  • Steve Foreman (active)
  • Liz Jones (retired)
LOST YOUR BALLOT?
No problem, you can still vote! Simply call the Election Services Co. and they will provide you with a quick and easy way to vote. Call toll-free: 866‑720‑4357
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