Alternative Retirement Plan (ARP)

The Alternative Retirement Plan (ARP) is an alternative to OPERS/STRS for eligible faculty and staff. It provides a retirement investment program but does not offer benefits after retirement like OPERS/STRS.

Staff contribute 10% of their salary each pay period to the retirement plan, which is deducted on a pre-tax basis. The university also contributes to the staff member's retirement plan based on 14% of his or her salary. Ohio Revised Code Section 3305.6(d) allows OPERS to withhold a portion of the employer's contribution to offset any negative financial impact the OPERS Traditional Plan may experience by the offering of alternative retirement plan options. More information is available here.

Faculty contribute 12% of their salary to the retirement plan. The university contributes 9.5% of the faculty member's salary to his or her retirement plan, and is required to contribute 4.5% of salary to STRS to finance unfunded liabilities. More information is available here.

If you are unsure whether or not you are eligible for this benefit, go to Benefits Eligibility.

ARP Enrollment Steps

Once you become ARP eligible, you should follow the steps below to enroll.

Research available ARP providers

Things to consider:

  • Fees
  • Surrender charges
  • Investment returns

Contact provider to open ARP (401(a)) account

Action Items:

  • Choose investments
  • Name beneficiaries

Complete and submit Retirement Program Election form

This form must be submitted to OHR within 120 days of ARP eligibility date