Saturday, November 18, 2023

Columbus Dispatch on Bill Neville's suspension from STRS

Director of Ohio’s teachers' pension fund placed on leave by board members
Laura A. Bischoff
Columbus Dispatch
November 17, 2023
The State Teachers Retirement System of Ohio voted on Friday to place the pension fund's director on administrative leave and begin an investigation.
Bill Neville, who could not be reached for comment, has run the pension fund since July 2020.
A spokesman for the pension system issued a written statement on behalf of STRS Board Chairman Dale Price, which said, in part, that an outside third party has begun investigating Neville for personnel related matters.
An anonymous letter purporting to be from STRS staff alleged that Neville has been verbally abusive toward staff and prone to violent outbursts, according to a report from NBC4, a television station in Columbus.
STRS is the fifth largest public teacher pension system in the U.S. and is governed by an 11-member board that is a combination of elected and appointed people. It serves 528,000 teachers and retirees. It has roughly $90 billion in investments.
Lynn Hoover, the pension fund's chief financial officer, will serve as interim director.
Read the rest of the article here
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