Safeguards Keep Member Data Secure; What You Can Do to Protect Yourself
STRS Ohio has multiple layers of data security in place in an effort to keep member data safe from outside hackers. These safeguards recently thwarted an attempt to steal sensitive data related to about 40 members’ records. Some of the safety steps we take include storing your data behind our firewall and encrypting the data when it is being transmitted across the Internet. STRS Ohio also works with consultants who regularly monitor the security of the Online Personal Account section of the website. We regularly measure and evaluate the safety and security of our systems so you can be confident when you connect with us on the Web.
STRS Ohio wants to be sure you have the information you need to keep your identity safe at home, too. Following the Equifax data breach, the Federal Trade Commission (FTC) provided a number of steps consumers should take to protect their personal information from misuse.
The steps are outlined at www.consumer.ftc.gov. Here are a few of the precautions the FTC recommends:
Protect yourself after a data breach by:
- Checking your credit reports from Equifax, Experian and TransUnion for free by visiting annualcreditreport.com. Accounts or activity that you don’t recognize could indicate identity theft. Visit IdentityTheft.gov to find out what to do.
- Consider placing a credit freeze on your files. This will make it harder for someone to open a new account in your name. Keep in mind that a credit freeze won’t prevent a thief from making charges to your existing accounts.
- Monitor your existing credit card and bank accounts for charges you don’t recognize and report these disputes immediately.
Retirement Board Election Process Begins in November
The contributing member seats currently held by Mark Hill and Dale Price will be up for election in 2018. The four-year terms for these seats will begin on Sept. 1, 2018, and conclude on Aug. 31, 2022. Board members are not compensated for board service but may be reimbursed for actual necessary expenses incurred while serving on the board.
Individuals interested in running for these seats can request petitions from STRS Ohio. STRS Ohio members will receive their ballots and voting information in April 2018 and will have through May 7, 2018, to cast their votes by mail, phone or online. Individuals eligible to be candidates are current contributing STRS Ohio members, members who have contributions on deposit at STRS Ohio and disability benefit recipients. Petition forms are available from STRS Ohio by calling toll-free 888‑227‑7877. Information will also be posted on the STRS Ohio website.
STRS Ohio Earns GFOA Certificate of Achievement for its Comprehensive Annual Financial Report
The Government Finance Officers Association (GFOA) has awarded STRS Ohio the Certificate of Achievement for Excellence in Financial Reporting for the system’s Comprehensive Annual Financial Report (CAFR) for the 2016 fiscal year. STRS Ohio has received the award for 27 consecutive years. Staff consolidates financial, investment, actuarial and statistical information into one publication that meets the standards established by the GFOA to receive this recognition. STRS Ohio’s CAFR is available here.
Retirement Board Chair, Vice Chair Named
The State Teachers Retirement Board elected Robert Stein (retired teacher member) as its vice chair for the coming year. According to Board Policies, contributing member Mark Hill (Worthington City Schools, Franklin County), who was previously serving as vice chair, automatically moves into the position of chair. Stein and Hill assumed their new responsibilities on Sept. 1, 2017. Board members receive no compensation for serving on the Retirement Board other than reimbursement for actual, necessary expenses.
Have You Recently Moved or Changed Your Phone or Email? Let STRS Ohio Know
If you’ve recently moved or changed your phone number or email address, please be sure to contact STRS Ohio so we can update your records. You can update your contact information through the Online Personal Account section of the website. STRS Ohio wants to be sure we have your current contact information so you may receive retirement system news in a timely manner. Thank you!