Head of Ohio's teacher pension fund retires Sunday, saying fund is strong despite staff vacancies
The outgoing head of Ohio’s troubled teacher retirement system said she's leaving the fund in strong fiscal condition despite turmoil at the top that her successor will inherit
COLUMBUS, Ohio (AP) — The outgoing head of Ohio's troubled teachers retirement system said that she is leaving the fund in strong fiscal condition, despite the turmoil at the top that her successor will inherit.
In a recent interview with The Associated Press, Acting Executive Director and CFO Lynn Hoover said that the $94 billion State Teachers Retirement System of Ohio's returns over the short term, middle term and long term remain within the top 10% of peer funds around the country.
“We’ve delivered,” said Hoover, whose senior investment staff has seen reduced performance bonuses as part of recent tensions. She retires Sunday after 31 years at STRS, one of the nation’s oldest and largest public pension funds. Its more than 500,000 members include active and inactive public school teachers and retirees.
That doesn't mean the next interim director, Aaron Hood, doesn't have a big job ahead of him, she said.
