Editorial: DeWine fails teachers
STRS Ohio Watchdogs
ByThe Blade Editorial Board
Gov. Mike DeWine has failed the State Teachers Retirement System by removing the one person who was leading the charge for much-needed reform.
STRS has lately been managed more for the benefit of insiders and staffers than Ohio’s retired educators.
Wade Steen, a CPA and Cleveland Metro Parks chief financial officer, was booted from the STRS Board of Trustees by the governor Friday night. The timing coincides with the election to the board of Pat Davidson, a Berea teacher who campaigned with the support of dissident teachers who want reform at STRS.
Mr. Steen was the very first STRS board member to call for reform. His opposition to investment staff bonuses paid despite a freeze on cost-of- living-adjustments for retirees was a lonely crusade when it began.
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