Common use of STRS and OPERS Clause in Contracts

STRS and OPERS. Except to the extent a Faculty Member has elected to participate in the Alternative Retirement Plan under Article 18.2.3, Faculty Members appointed after July 1, 1977 must participate in the State Teachers Retirement System of Ohio (STRS) or in the Ohio Public Employees Retirement System (OPERS) with eligibility and contributions as determined by regulations of said retirement systems. The employer and member contribution rates on the effective date of this Agreement (July 1, 2019) were: STRS: University 14.0%, Faculty Members 14.0% OPERS: University 14.0%, Faculty Members 10.0%

STRS and OPERS. Except to the extent a Faculty Member has elected to participate in the Alternative Retirement Plan under Article 18.2.3, Faculty Members appointed after July 1, 1977 must participate in the State Teachers Retirement System of Ohio (STRS) or in the Ohio Public Employees Retirement System (OPERS) with eligibility and contributions as determined by regulations of said retirement systems. The employer and member contribution rates on the effective date of this Agreement (July 1, 20192022) were: STRS: University 14.0%, Faculty Members 14.0% OPERS: University 14.0%, Faculty Members 10.0%

STRS and OPERS. Except to the extent a Faculty Member has elected to participate in the Alternative Retirement Plan under Article 18.2.3, Faculty Members appointed after July 1, 1977 must participate in the State Teachers Retirement System of Ohio (STRS) or in the Ohio Public Employees Retirement System (OPERS) with eligibility and contributions as determined by regulations of said retirement systems. The employer and member contribution rates on the effective date of this Agreement (July 1, 2019202219) were: STRS: University 14.0%, Faculty Members 14.0% OPERS: University 14.0%, Faculty Members 10.0%