Eye on Education

School Employees Retirement System Board Member Says Travel to Hawaii is a Must

Members of the board that oversees the state pension fund for Ohio school custodians, bus drivers and cafeteria workers have been criticized for booking travel to Hawaii to attend a conference.

But board members aren’t backing down on their travel plans. Yesterday, board member Barbra Phillips defended the planned $11,000 trip to state lawmakers.

Phillips defended the trip to the council, saying that she doesn’t know how to best invest the fund’s more than $11 billion in assets and needs — in addition to advice from the board’s paid advisers — to “bounce ideas off academics” to find out how.

She said she’s worried about governments around the world creating a bubble in the stock market. Inflation is something else that she said scares her. She must travel to Hawaii for five days if she is expected to deal with those two challenges, she said.

Read more at: www.dispatch.com

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