State Teachers Retirement System of Ohio. The State Teachers Retirement (STRS) Option offers a choice between three different STRS plans: Defined Benefit Plan, Defined Contribution Plan, or Combined Plan.
State Teachers Retirement System of Ohio. All bargaining unit members covered by this Agreement shall have the option based on their date of hire and eligibility as determined by State Teacher’s Retirement System (STRS) to participate in one of STRS’s plans – currently a defined benefit plan, a defined contribution plan or a combination plan. Employee and employer rates of contribution to the plan are set by the STRS Board.
State Teachers Retirement System of Ohio. 12.2.2 All teachers shall have the right to contribute funds to an approved tax- sheltered annuity (403(b)) up to the maximum allowed by law and in accordance with the district’s adopted 403(b) plan. A minimum participation of four (4) teachers is required to add additional providers who agree to sign the Board’s plan documents. Changes to deductions may be made at any time throughout the year by providing the Treasurer’s Office with at least thirty (30) days’ notice of changes using the approved salary reduction agreement adopted as a part of the Board’s 403(b) plan document.
State Teachers Retirement System of Ohio
