Fordham has had a keen interest in the Ohio State Teachers Retirement System (STRS) since 2007. We frankly were not surprised last month when it came out that the STRS was facing serious funding shortfalls. As we have worked hard to better understand this issue and talk thoughtfully about it, we reached out to experts in Ohio and beyond.
One of the most thoughtful people in the Buckeye State on this now is Rep. Lynn Wachtmann, who also happens to sit on the State Retirement Study Council.
His perspective and insights on the challenges facing the STRS and the state's four other retirement systems are important for all who worry about these systems' sustainability and their impact on things like new talent recruitment.
Mike Lafferty recently sat down with him to discuss his perspective on the STRS and retirement systems in the state of Ohio.