Kevin Kroskey's Ohio Faculty Advisor

( The text below is reprinted from the news release by STRS on 11/22/2013.) Investment Staff Outlines Final Changes to Target Allocations During the November meeting of the State Teachers Retirement Board, Investment Department staff presented a review of the Statement of Investment Objectives and Policy and the Statement of Fund Governance. Included in this review was a proposed change to the STRS Ohio Total Fund target allocation. The changes proposed were the final phase of revisions called for during the 2012 asset-liability study. The target allocation weights are shown in the table below :    Asset Class Target Allocation    Liquidity Reserve 1%    Fixed Income 18%    Domestic Equities 31%    International Equities 26%

The text below is reprinted from the news release by STRS on 10/18/2013. You'll note the pension funding ratio improved to 66% but is still well below where it needs to be even after strong recent market returns and pension changes. Teachers don't be surprised if additional future changes in the form of benefit reductions of some form are required.  --- Annual Actuarial Valuation Shows Improvement in STRS Ohio Funding; Consultant Provides Guidance on Funding Policy   At its October meeting, the State Teachers Retirement Board received a report of the annual pension valuation results from its actuarial consultant, Segal Consulting. The report provides a “snapshot” of the actuarial position of the retirement fund as of July 1, 2013. This is the first valuation completed using the new benefit structure resulting from the passage of pension reform legislation last fall. Segal’s report this year shows the funding period for the pension fund decreas