Ohio public institutions do not participate in the federal Social Security system, other than contributions to Medicare. While employed with the university, your retirement contributions must be invested with one of the state retirement plans.
Since Ohio public institutions do not participate in the federal Social Security system, you have a choice to make regarding your retirement plans. Eligible faculty will be enrolled in the State Teachers Retirement System of Ohio (STRS) unless you choose the Alternative Retirement Plan (ARP). Eligible staff will be enrolled in the Ohio Public Employees Retirement System (OPERS) unless you choose the Alternative Retirement Plan (ARP). Faculty who are not eligible to choose the ARP will automatically be enrolled in STRS. Staff who are not eligible to elect the ARP will automatically be enrolled in OPERS. If you are unsure whether or not you are eligible to choose a retirement plan, see Benefit Eligibility. There are several resources available to help eligible employees make a retirement plan decision. Faculty who are not eligible to choose the ARP will automatically be enrolled in STRS. Staff who are not eligible to elect the ARP will automatically be enrolled in OPERS. If you are unsure whether or not you are eligible to choose a retirement plan, see Benefit Eligibility. There are several resources available to help eligible employees make a retirement plan decision.
For
specific information on the retirement plans, please visit their respective
web pages. |
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Life
EventsThe Life Event Web site provides you with information to consider when major life changes like retirement, marriage, or termination of employment occur. Each page lists your options, tells you who to consult with questions, links you to forms and publications, describes how to make changes to your benefits, and more. |
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