William Neville, executive director of the Ohio State Teachers' Retirement System, will remain on paid administrative leave until mid-May pending "professional development," said Dale Price, chairman of the board, in a Feb. 16 statement on the pension fund's website.
The board of the $90.1 billion Columbus-based pension fund had placed Neville on leave on Nov. 17 pending a "personnel-based investigation" at the time. The board named Lynn Hoover, deputy executive director-finance and chief financial officer, as acting executive director, said Price at the time. Price had said he was notified by the office of Ohio Attorney General Dave Yost of the matter that required an investigation.
In his Feb. 16 statement, Price said the board had reviewed an executive summary from Yost's office regarding the investigation and voted at its Feb. 15 meeting to contract with a third-party firm in March to provide "professional development" for Neville.
Neville's paid leave is set to continue through May 17, at which point the board will "determine his status with the organization" following his professional development, Price said. Hoover continues as acting executive director.
STRS spokesman Dan Minnich said the pension fund is not commenting beyond Price's statement.
