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Showing posts from October, 2009

STRS October Board News Details Retirement Board Actions and Discussions

(The text below is reprinted from the news release by STRS on 10/16/2009.)

This week, the State Teachers Retirement Board held its monthly meeting. Following the regularly scheduled meetings, a report titled "Board News" is posted on the STRS Ohio Web site, as well as mailed to a number of members and education organization representatives who have requested it. As a member of STRS Ohio with an e-mail address on file, you will also receive this report each month.

OCTOBER BOARD NEWS

ANNUAL ACTUARIAL VALUATION REPORT CONFIRMS NEED FOR PENSION FUNDING CHANGES

At its October 2009 meeting, the State Teachers Retirement Board received its first look at the annual actuarial valuation report of STRS Ohio's pension fund from its actuarial consultant, PricewaterhouseCoopers (PwC). This report provides a "snapshot" of the actuarial position of the retirement fund as of July 1, 2009. As expected, the PwC report confirmed the data shared much earlier in the year with the Re…