The revolving door at the Ohio retired teachers’ pension fund continues to swing ahead of a major and controversial vote on Thursday that could give a contract to a firm that senior staff say has no legitimacy.
State Teachers Retirement System (STRS) Board member Scott Hunt has been replaced, according to documents I obtained Friday morning. I discovered this while digging deeper into the allegations of personal ties between leaders of the board and The Hackett Group.
Through records requesting, I obtained emails that Hackett’s principal — Chris Tobe — sent a crisis management plan to the board leader back in April. STRS has seemingly followed it, yet continues to deny a relationship with the consultant.
A (somewhat long) recap
STRS is in chaos. In summary, there has been constant fighting , two board resignations and allegations of both a public corruption scheme and mishandling of funds . As of this week, there has been a dismissal and two senior staff resignations.
We broke the news in Sept. that Executive Director Lynn Hoover and CIO Matt Worley resigned after months of controversy.