The High Cost of Secrecy

This page contains The High Cost of Secrecy Preliminary Findings of Forensic Investigation of State Teachers Retirement System of Ohio, Commissioned by Ohio Retired Teachers Association, and conducted by Edward "Ted" Siedle and Benchmark Financial Services, Inc., June 2021.


Also on this page, you will find documents and articles that address the forensic audit.


Key Findings:

  • STRS has long abandoned transparency

  • legislative oversight of the pension has utterly failed

  • Wall Street has been permitted to pocket lavish fees without scrutiny

  • investment costs and performance may have been misrepresented

  • failure to monitor conflicts may have undermined the integrity of the investment process, as billions that could have been used to pay retirement benefits promised to teachers have been squandered.

Click Below to Download the Report





The High Cost of Secrecy Preliminary Findings of Forensic Investigation STRS Ohio 2021
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