State Teachers Retirement System

A special audit found no fraud but suggested Ohio lawmakers need to make more transparent the fund’s investment strategy and performance incentives.

The forensic investigator is raising questions about the whereabouts of a special audit of the State Teachers Retirement System announced more than a year ago, which came about after a report he did for retired Ohio teachers.

Retired teachers are angry that payments are going out though the fund lost $3 billion in the last year, and there's no plan to permanently restore cost-of-living increases.

The State Teachers Retirement System of Ohio is set to award bonuses to its investment staff Thursday.

The State Teachers Retirement System voted to bring back the cost-of-living adjustment after strong investment returns in the last fiscal year, but also after teacher protests and a critical report.

It’s been four years since half a million retired teachers in Ohio have gotten cost of living increases from their pension fund. And with inflation on the rise, teachers have howled about how the lack of those increases has been eating into their benefits.

Retired educators had commissioned a review of the State Teachers Retirement System after questioning fees and bonuses.

State auditor Keith Faber's office wrote to the State Teachers Retirement System informing them of the plans for the special audit.

Unions representing retired school employees are putting pressure on Ohio lawmakers not to freeze or cut cost-of-living allowances in their pensions.About…