The alleged 'backdoor ties' between retired teachers' pension fund and investment firm yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
AG Dave Yost has filed a lawsuit to remove two members of the retired teachers' pension fund, stating they are participating in a contract steering "scheme" that could directly benefit them.
The School Employees Retirement System of Ohio has earned a 7.39% return for FY 2023, making total assets US$ 17.8 billion. Equities earned 15.6% and private credit brought in 6.07%. Private equity added another 2.54%. However, Ohio will only pay a 2.5% COLA in 2024, which is unlikely to excite retirees. However, salaries in Ohio are…