How transparent is STRS Ohio in its operations and decision-making?
STRS Ohio goes to great lengths to inform its members, legislators, the media and members of the general public about all aspects of the system — including pension fund solvency, health care challenges and operating expenditures. Also, while the majority of the Retirement Board members are current or former educators, the board also includes investment experts appointed by the Treasurer of State and the Governor, and a joint appointment by the Speaker of the House of Representatives and the President of the Ohio Senate. Oversight is also provided by the Ohio Retirement Study Council, which annually reviews STRS Ohio’s operating and capital expenditure budgets, analyzes proposed changes to existing legislation and administrative rules, and conducts third-party reviews of the system’s actuarial status and investment operations. Finally, the Retirement Board engages its own investment consultants and actuary to provide advice and objective third-party reviews.
