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FOR IMMEDIATE RELEASE

December 29, 2022

STATEMENT FROM THE OHIO RETIRED TEACHERS ASSOCIATION

COLUMBUS, OH - As expected, the State Auditor confirmed that a broken system yields broken results.  Although finding no direct evidence of criminal activity, the Auditor confirmed that the majority of the board allowed the staff to use an accounting gimmick to pay themselves $10 million in bonuses despite losing $5.3 billion last year. For years, the board’s bad policies have yielded bad results for teachers, who are working longer and paying more for less, while enriching STRS staff. The only way to change bad policies is to change the STRS board, which teachers will do in this Spring’s election.

STRS Ohio Board member Rudy Fichtenbaum, and former Board member Wade Steen, are incurring legal fees, defending themselves against the lawsuit brought against them by A.G. Dave Yost. ORTA will use donations from the Pension Defense Fund to help them, if needed, pay their legal expenses. They have volunteered their time to support Ohio's teachers. Now it's time for us to show our support for them! Make a donation today to the ORTA Pension Defense Fund

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