STRS

Pension Power Struggle: Ohio Attorney General Files Lawsuit to Remove STRS Board Members Amid Turbulent Financial Climate

Columbus, Ohio – The State Teachers Retirement System of Ohio is facing a legal battle as Ohio Attorney General Dave Yost filed a lawsuit aiming to remove two board members for breaching their fiduciary duty. Yost alleges that they failed to act in the best financial interest of the pension fund, which oversees $90 billion on behalf of 500,000 teachers and retirees. The lawsuit comes amidst a period of turbulence for the system, with control …

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STRS Pension Fund Scandal Unveiled: Ohio Attorney General Launches Investigation into Allegations of Corruption and Hostile Takeover

Columbus, Ohio – Authorities in Ohio are delving into allegations of misconduct at the State Teachers Retirement System of Ohio (STRS), a $90 billion pension fund. Attorney General Dave Yost has initiated an investigation following claims of a ‘hostile takeover’ jeopardizing educators’ funds. Over the years, the STRS has faced controversy and financial challenges, leading to concerns among educators like Terry Caskey, a teacher in Parma schools. The fund suffered significant losses in recent years, …

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