COLUMBUS, Ohio-The State Teachers Retirement System (STRS) of Ohio faces turmoil as another consulting group, McLagan, terminates its services amidst ongoing controversy. The pension fund is divided over investment strategies—some advocate for active funds, while others push for index funds. Recent board elections favor reformers seeking change. Allegations of corruption and mishandling of funds further complicate matters. STRS’s decision to block performance-based incentives has caused internal strife, impacting staff morale and potentially prompting departures. Ohio lawmakers are considering significant changes amid the chaos, sparking concerns about democratic representation in pension fund management.
