I wish you well interviewing the OPERS board member. Unfortunately, he almost certainly knows little about how the pension is actually invested--other than what he is told by staff and hired consultants. I would ask him whether he would (1) support full transparency of pension investments and (2) would welcome and independent expert forensic review of said investments. If the pension is being managed for the sole and exclusive benefit of participants (as required under law), he should welcome the opportunity to show participants what a great job the pension is doing. We attempted a crowdfunded forensic investigation of OPERS about two years ago and were unsuccessful. Apparently not enough participants were supportive.
Hi Edward, I am a member of Ohio Public Employees Retirement System (OPERS), the "big" Ohio public pension. I have been following your STRS work with great interest as chances are we have the same issues they do. To that end, I have the opportunity via my union chapter to interview Chris Mabe, OPERS board chair and OCSEA president on the topic of the solvency of our retirement system. Do you have any suggested questions that would be good to ask him? Any assistance is greatly appreciated as I'd like to make the most of the opportunity and am trying to raise awareness across union chapters.
I wish you well interviewing the OPERS board member. Unfortunately, he almost certainly knows little about how the pension is actually invested--other than what he is told by staff and hired consultants. I would ask him whether he would (1) support full transparency of pension investments and (2) would welcome and independent expert forensic review of said investments. If the pension is being managed for the sole and exclusive benefit of participants (as required under law), he should welcome the opportunity to show participants what a great job the pension is doing. We attempted a crowdfunded forensic investigation of OPERS about two years ago and were unsuccessful. Apparently not enough participants were supportive.
Hi Edward, I am a member of Ohio Public Employees Retirement System (OPERS), the "big" Ohio public pension. I have been following your STRS work with great interest as chances are we have the same issues they do. To that end, I have the opportunity via my union chapter to interview Chris Mabe, OPERS board chair and OCSEA president on the topic of the solvency of our retirement system. Do you have any suggested questions that would be good to ask him? Any assistance is greatly appreciated as I'd like to make the most of the opportunity and am trying to raise awareness across union chapters.
https://www.opers.org/about/board/index.shtml
https://www.opers.org/pubs-archive/financial/ACFR/2021-OPERS-Comprehensive-Annual-Financial-Report-ACFR.pdf