Active Employees
The Ohio State University supports the efforts of faculty and staff to plan a fulfilling, financially secure retirement. As part of its total rewards package, the university offers an array of retirement options to help you meet your financial goals. Retirement program eligibility is based on your appointment type (faculty, staff or student) and your full-time equivalency (FTE).
Mandatory Retirement Plan Options
Both you and the university contribute to your retirement account. Your contributions are made on a pre-tax basis; federal and state taxes are deferred until benefits are paid. Employees of Ohio public colleges and universities do not participate in the federal Social Security system, other than contributions to Medicare.
Ohio Public Employees Retirement System (OPERS)
OPERS plans are available to university staff.
State Teachers Retirement System (STRS)
STRS is available to university faculty.
Alternative Retirement Plan (ARP)
The ARP is available to eligible full-time faculty and staff.
Additional Retirement Saving Options
In addition to the mandatory retirement plans, Ohio State offers supplemental savings options to help faculty and staff plan for retirement.
Supplemental Retirement Plans
Most Ohio State employees are eligible to participate in 403(b) and 457(b) supplemental retirement plans.
Executive Retirement Plans
The Retirement Continuation Plan (RCP)/415(m) is available to some employees whose salary exceeds IRS and Ohio retirement system limits.