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Showing posts from June, 2013

June Board News

(The text below is reprinted from the news release by STRS on 06/21/2013.)

Retirement Board Chair, Vice Chair Named During its June meeting, the State Teachers Retirement Board elected retired teacher memberRobert Stein as its vice chair for the coming year. According to Board Policies, Dale Price (Toledo Public Schools, Lucas County), who is currently serving as vice chair, automatically moves into the position of chair. Price and Stein will assume their new responsibilities on Sept. 1, 2013.

Retirement Board Accepts the Annual Investment Plan The Retirement Board voted to accept the Investment Plan for fiscal year 2014 (July 1, 2013– June 30, 2014). The plan details staff’s investment strategy for each asset class in the system’s investment fund.

STRS Ohio staff expects only moderate growth in the capital markets during fiscal year 2014. With continuing concern about global financial stress, STRS Ohio will continue to monitor markets to assess risk levels. Investment associates expect th…