State Teachers Retirement System of Ohio (STRS) STRS is the state retirement plan for faculty. Faculty contribute 10% of their salary to the retirement plan. The university contributes 10.5% of the faculty member's salary to his or her retirement plan, and is required to contribute 3.5% 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 Benefit Eligibility. Are my dependents, spouse, or partner eligible for this benefit? This benefit is available for eligible Ohio State faculty only. How/when can I sign up? Eligible employees may enroll within 120 days of initial eligible employment or transfer from an ineligible to an eligible appointment. Complete a Retirement Program Election Form. Note that enrollment in STRS is irrevocable while you are employed at Ohio State. Will this affect my taxes? Retirement plan contributions are taken from your paycheck before taxes, reducing the gross amount that can be taxed. When can I change my benefit elections? Eligible employees may enroll upon transfer from an ineligible to an eligible appointment. Have there been any recent changes to this benefit? No. What would cause this benefit coverage to end?
What happens to this benefit when I leave OSU?
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.
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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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