The State Teachers Retirement System of Ohio (STRS Ohio) has issued a Request for Proposal (RFP) for an executive search firm consultant to assist with a search for its executive director position. Vendors will be evaluated on the strength of their qualifications and completeness of their proposal. RFP responses are due by April 30, 2019.
STRS Ohio began operations in 1920, and with investment assets of $79.9 billion (as of June 30, 2018), it is one of the largest pension funds in the United States. The system serves nearly 500,000 active, inactive and retired Ohio public educators. The retirement system offers a defined benefit plan, a defined contribution plan and a combined plan. In fiscal year 2018, STRS Ohio paid more than $7 billion in service retirement, disability and survivor benefits, plus $517 million for optional health care coverage.
Michael Nehf, STRS Ohio’s executive director since 2008, plans to retire at the end of his contract in June 2020.