James Carr on the 91 STRS investment staff members who receive raises that average out to more than $32,000 per member

From James Carr

November 14, 2023

When 91 STRS investment staff members receive raises that average out to more than $32,000 per member, you would think that they must be doing an unbelievable job. Actually, it is unbelievable, they aren't even coming close to beating an S&P index fund. We don't even know what kind of hidden fees are associated with those investments. All that we really know is that we are forking out millions of dollars a year to support an investment staff that is rewarding SOME OF US with a one time, 1% COLA. I'm not a financial expert, but that doesn't sound like the kind of results that merit 5-digit raises and 6-digit bonuses.

They are definitely making people prosperous; unfortunately, it's them, not us. Please, active teachers, elect reformer Michelle Flanigan to the STRS Board next spring. We need to end the insanity.