Ohio Teachers' Pension Fund Faces Deepening Crisis Amid Governance Concerns

Governor Mike DeWine has raised alarms over potential mismanagement and unethical practices within the Ohio State Teachers Retirement System.

Gov. DeWine issues warning as consulting firm Aon ends its contract, signaling serious governance issues at the $90 billion pension fund.
Allegations of misconduct and potential unethical influence by private interests prompt state-wide investigations into the pension system's operations.
Recent board conflicts and controversial removals highlight instability and power struggles within the pension fund.
Retirees express frustration over lack of cost-of-living adjustments despite the system's significant investment losses.
Ongoing legal and ethical scrutiny could lead to significant changes in the management and oversight of the pension system.