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.