Pillich Ohio tour stops in Wapakoneta

As part of her tour throughout the state of Ohio, State Rep. Connie Pillich stopped in Wapakoneta to discuss her candidacy for Ohio Treasurer.

Pillich, who resides in Montgomery and represents Ohio’s 28th District,  is no stranger to running for office. She lost her first statehouse race in 2006, won in 2008, and has been re-elected as State Representative in 2010 and 2012.

Pillich started her career in the United States Air Force, achieving the rank of Captain. After she got out of the military, Pillich obtained a law degree from the University of Cincinnati and eventually started her own firm in 2005.

Her background in banking law and experience running her own business makes her a perfect candidate to manage and invest state funding, Pillich said.

“The types of skills I’ve amassed during my life have given me a great skill set for me to become treasurer,” she said.

She describes the office of the treasurer as “the most important job that nobody knows about.” The actual job of the treasurer is, among other things, to pay all the states bills, invest in what is not being used and to oversee the state’s pension system---a system that she sees as broken under the current treasurer, Josh Mandel.

According to Pillich, custodial fees, which are charges by financial institutions to hold customer’s securities, have gone up from $75,000 to $3.5 million under Mandel.

“It’s a disaster, a financial disaster to play with people’s money like that,” she said. “Public employees who retire don’t get social security--this is both their social security and their pension. A lot of them make so little money that they can’t save or put money into an IRA, and if the treasurer is squandering their money, that’s a huge issue.”

Another issue that Pillich takes with the current treasurer is the lack of economic development in providing emergency relief to businesses in the case of a natural disaster.

For the full story, see the Friday, Jan. 10 edition of the Wapakoneta Daily News.