Retirement Systems Respond to Governor’s Funding Proposal (posted June 29, 2009)
On June 19, Gov. Ted Strickland proposed that the state’s contribution to public employee pensions be reduced from 14 percent to 8 percent for two years, with a payback to the Ohio Public Employees Retirement System of Ohio (OPERS) to occur over the subsequent 10 years. This proposal was made as a way to help balance the state’s budget. While this proposal does NOT apply to STRS Ohio or the other public pension systems in the state, the executive directors of STRS Ohio, School Employees Retirement System of Ohio (SERS) and the Highway Patrol Retirement System sent a joint letter to the governor and the members of the Ohio General Assembly on June 26, voicing their opposition to such an action. Click here to view a PDF of the letter.

2010 STRS Ohio Health Care Program Information & Premiums (posted June 26, 2009)
During its June meeting, the Retirement Board approved several changes to the STRS Ohio Health Care Program, as well as approved premiums for all health care plans for calendar year 2010. More...

Correction to June Board News (posted June 23, 2009)
The June Board News contains an article titled “Health Care Program Changes Approved for 2010.” There is a typographical error in the story. The maximum annual out-of-pocket costs for the Aetna Medicare Advantage Plan will be $1,500 per individual versus the $500 stated in the article. This $1,500 includes all copayments, the $500 deductible and coinsurance. We apologize for any confusion this may have caused and regret this error.

June Board News (posted June 22, 2009)
During its June meeting, the State Teachers Retirement Board elected Tim Myers as its vice chair for the coming year. According to Board Policies, Mark Meuser, who is currently serving as vice chair, automatically moves into the position of chair. More...

Low-Cost Generics Now Available for $9 Through Express Scripts Home Delivery (posted June 15, 2009)
STRS Ohio benefit recipients enrolled in the Medical Mutual, Aetna or Paramount health care plans can now receive a 90-day supply of more than 200 generic medications for just a $9 copayment through the Express Scripts Home Delivery Program. More...

Board Takes Action on PBI Program (posted May 15, 2009)
During its May 2009 meeting the State Teachers Retirement Board adopted a Performance-Based Incentive (PBI) Program for 2010 for eligible Investment associates that includes a provision for no incentives being awarded if the STRS Ohio total investment fund has a negative absolute return for the fiscal year... More...

Ohio, Texas, Dutch, & Swedish Public Pension Funds To Seek Lead Plaintiff Status In Suit Against Bank Of America (posted March 26, 2009)
A group of five public pension funds have partnered to seek lead plaintiff status in a class action lawsuit against Bank of America. The lawsuit alleges Bank of America made untrue statements and failed to disclose material information in relation to its acquisition of Merrill Lynch. More...

Attorney General Cordray Announces $72 Million Settlement with General Reinsurance Corporation (posted Feb. 26, 2009)
General Reinsurance Corporation (Gen Re) has agreed to pay $72 million to settle investors’ claims as part of the state of Ohio’s securities litigation against American International Group, Inc (AIG). More...

Cordray & Investors Agree to $475 Million Class-Action Settlement (posted Jan. 20, 2009)
During its monthly meeting last week, the State Teachers Retirement Board voted to approve a settlement of $475 million from financial services company Merrill Lynch in connection with a class-action lawsuit. More...

No Gifts, Please
STRS Ohio would like to remind employers, vendors and other business contacts not to send gifts to the STRS Ohio office or to individual staff members. More...