The Ohio State University

Supplemental Retirement Account (SRA)

You may enhance your retirement plan savings through voluntary contributions to a Supplemental Retirement Account (SRA).

You can voluntarily save additional pre-tax funds towards your retirement through the following programs. The benefit is determined by your account balance and the payment option(s) you choose when you apply to receive benefits:

Tax-Deferred Accounts (TDA) - as allowed under sections 403(b) and 403(b)7 of the Internal Revenue Code

• Benefit Summary - SRA
• Benefit Administrator - Retirement Plan Vendor List
• SRA Contribution Limits

This benefit is for Ohio State faculty and staff only.

 

How/when can I sign up?

You must complete the SRA Salary Reduction Agreement and activate an account with your chosen SRA carrier. You may enroll at any time during eligible employment.

 

Will this affect my taxes?

Your contributions are made on a pre-tax basis; federal and state taxes are deferred until benefits are paid. There are important tax issues associated with how and when you receive your benefits - consult with your tax advisor for more information.

 

When can I change my benefit elections?

You may change your contribution amount once per calendar quarter. You may change your SRA vendor once per calendar quarter. Your account balance may remain with the previous vendor or any portion may be transferred to a new vendor.

 

Have there been any recent changes to this benefit?

Student employees and intermittent employees are now eligible to participate in Supplemental Retirement Accounts (SRA).

 

What would cause this benefit coverage to end?

Transfer to an ineligible position or leaving the university.

 

What happens to this benefit when I leave OSU?

Upon termination of employment or retirement from Ohio State, you may leave your accumulation with your carrier, or take your account balance with you by: rolling it into a new qualified account with a different employer rolling it into an IRA receiving it in a lump sum distribution receiving it as an annuity.

 

Who do I call for more information about this benefit?

Office of Human Resources Customer Service Center (enrollment and eligibility verification, forms, plan booklets)

 

Publications and Forms

Find Benefit publications on the "Publications" page and related forms on the "Forms" Web page.

 

This information is intended to be a summary of plan provisions. For additional information, refer to plan booklets available online and through the Office of Human Resources Customer Service Center.