STRS - State Teachers Retirement System of Ohio
07/22/2024 | Press release | Distributed by Public on 07/22/2024 13:52
July Special Meeting Board News
July Special Meeting Board News
Posted: July 22, 2024Revised Performance-Based Incentive Policy Approved
At the July special meeting, the State Teachers Retirement Board approved an amended version of the performance-based incentive (PBI) policy proposed last month. It includes potential reductions to the incentive payments for senior investment staff depending on certain metrics.
Board Membership Update
The board appointed Michelle Flanigan of Brunswick City Schools to fill the contributing member seat left vacant by Dale Price's retirement in June. Flanigan will now join the board a month early. Flanigan was elected to this seat earlier this year and was originally set to begin her term on Sept. 1. Her term runs through Aug. 31, 2028. Board members receive no compensation for service on the board other than reimbursement for actual, necessary expenses.