Head of Ohio retired teachers' pension fund gets $1.65 million to leave
By Morgan Trau
September 24, 202
The former executive director of the Ohio retired teachers' pension fund has received more than $1.65 million to leave the position.
William "Bill" Neville will no longer be working with the State Teachers Retirement System (STRS) effective Dec. 1, 2024. His departure comes after a near-unanimous vote on Friday when the STRS board chose to move forward with an end-of-employment agreement.
Only board member Wade Steen, whose term ended Friday, abstained
Neville had been on paid leave for nearly a year while a law firm appointed by Attorney General Dave Yost investigated allegations of violent outbursts and sexually explicit language.
Last February, the law firm found that many of the claims were unsubstantiated; however, he did have a record of raising his voice, according to the firm.
I obtained the mutual agreement that went over his compensation and benefits, which included:
• A second lump sum payment in 2025 of $256,312.50
• Accrued and unused vacation time payment of $173,426
• Accrued and unused sick time payment of $149,949
• Medical, dental and vision insurance coverage as well as Cobra premiums payment of $54,000
If he gets all of his money, he releases and discharges anyone affiliated with STRS from liability, charges, or claims.
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