Dean Dennis

A major respected journal has just used STRS as a case study of a serious pension governance problem. The only path is to address the problem. Simply starting to pay bonuses now on audited numbers is not enough. We suggest that an outside and independent entity be hired to address this problem and restore credibility to the pension.

Members might want to attend or tune into Tuesday’s STRS Investment Seminar. To the surprise of nearly everyone, Investment Committee Chair Alison Lanza Falls has invited Senator Mark Romanchuk and Representative Adam Bird to the seminar. They are scheduled for the 11:30 - 12:15 time slot. Here is why their attendance is interesting.

The Governor’s signing into law HB 69, containing the Adam Bird amendment, left unchallenged, would change the composition of the STRS Pension Board from seven elected pension members and four political appointees to three elected pension members and eight political appointees. This is unacceptable.