COLUMBUS, Ohio-Ohio’s Republican attorney general is suing to remove two members from the board of the state teachers’ pension fund, backed by retired teachers seeking transparency and changes. AG Dave Yost supports retirees’ concerns and questions the actions of the newly elected board members.
Yost’s lawsuit targets Rudy Fichtenbaum and Wade Steen, accusing them of favoring a private investment company for personal gain. Retired teachers hired a forensic investigator to scrutinize the fund’s operations, revealing concerns about transparency, high fees, and underperforming investments. STRS refuted the report’s claims, emphasizing the absence of evidence to support allegations. Yost aims to address retirees’ concerns through legal action and demands answers regarding the fund’s management.
