Trina Kay Prufer: Does STRS operate like a crime syndicate?

From Trina Kay Prufer

September 26, 2023

Does STRS operate like a crime syndicate?

I was thinking about how STRS management refers to the institution itself as being a “premier” retirement system. It’s only “premier” in the same sense as a crime family living well and displaying its ostentatious wealth. There are no expenses deemed too ludicrous or extravagant for its pampered employees and overpaid consultants.

It produces no product, lives well off the hard-earned income of others, relies on political cronyism, has scammed 100K teachers out of financial security, has a monopoly on extracting 14% from active teachers and hides its misdeeds and schemes through disinformation, propaganda videos, phony surveys and highly choreographed meetings. Not a modicum of decency or care is ever shown for the perilous financial situation it has created for membership. Ohio’s teachers (and its taxpayers) are the source of capital that feeds this billion dollar empire.

STRS -  …unsafe for teachers’ retirement savings. It has justly earned its corrupted reputation.