Source: https://www.wcpo.com/
William “Bill” Neville, the former executive director of the Ohio State Teachers Retirement System (STRS), will receive over $1.65 million in compensation as he steps down from his position, effective December 1, 2024. His departure follows a nearly unanimous vote by the STRS board to approve an end-of-employment agreement.
William “Bill” Neville, had been on paid leave for nearly a year while a law firm investigated allegations of violent behavior and inappropriate language. The investigation, which found many claims unsubstantiated, did note Neville’s history of raising his voice. His end-of-employment agreement includes:
– A lump sum payment of $256,312.50 now
– A second lump sum payment of $256,312.50 in 2025
– Payments for accrued vacation ($173,426) and sick time ($149,949)
– Medical, dental, and vision insurance coverage, along with Cobra premiums totaling $54,000.
– Two years of service credit through the Ohio Public Employees Retirement System (OPERS), valued at $760,000.
Neville’s exit agreement stipulates that he releases STRS from any liability or claims. In a statement, he expressed gratitude for his 20 years of service, and the STRS board thanked him for his leadership.
Image Source: https://www.wcpo.com/