The Ohio State Teachers Retirement System, facing a net outflow of $3.5 to $4 billion annually, has seen improvements in its funded status, now at 82.8%, thanks to fiscal year 2024 investment returns. Outgoing Executive Director Lynn Hoover emphasized the fund's strong management amid controversies, including accusations of mismanagement and debates over cost-of-living adjustments (COLAs) for retirees. While some advocate for transitioning to passive investment strategies, experts warn that alternatives are crucial for achieving higher returns.
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