Update on the continuing Neville saga

Update on the continuing Neville saga From STRS eUpdate February 16, 2024 Lynn Hoover to Continue as Acting Executive Director

State Teachers Retirement Board Chair Dale Price released the following statement during the board’s February meeting:

The State Teachers Retirement Board has reviewed the executive summary of a report from the Ohio Attorney General’s Office regarding an investigation of STRS Ohio Executive Director Bill Neville.

As a result, the board approved the following three motions:

Chief Financial Officer Lynn Hoover will continue as acting executive director. Mr. Neville will continue on paid administrative leave through Friday, May 17. The board will contract with a third party at its March meeting to provide professional development for Mr. Neville.

The professional development for Mr. Neville is tentatively scheduled to run through mid-May, at which time the board will determine his status with the organization.

STRS Ohio will continue its unwavering focus on Ohio’s public educators and their families to protect their financial security. As acting executive director, Ms. Hoover and the exceptional team at STRS Ohio are protecting the stability and integrity of the organization on behalf of all constituents and personnel. Daily operations are being maintained as usual for the pension fund’s 530,000 retirees, active and inactive members.