STRS defined benefit plan definition

STRS defined benefit plan means the plan described in sections 3307.50 to 3307.79 of the Revised Code.
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Examples of STRS defined benefit plan in a sentence

  • Adjunct faculty who do not belong to a public retirement system have the option of enrolling in the State Teachers Retirement System (STRS) defined benefit plan or the STRS cash balance plan.

  • For members participating in the STRS defined benefit plan, the employer contribution shall be deposited into the employers' trust fund.

  • The board may make a monthly payment to each recipient of service retirement, or a disability or survivor benefit under the STRS defined benefit plan who is enrolled in coverage under part B of the medicare program established under Title XVIII of "The Social Security Amendments of 1965," 79 Stat.

  • The nonterminal B in (11) may be rewritten by a subsequent application of the finite-state grammar rule, creating perhaps a terminal b, but nothing guarantees the balanced and potentially infinite accretion of a’s and b’s we see in (10) (see Chomsky 1956:115).The fact that English has sentences that have exactly the property in (10) shows that English is not a finite-state language, where a finite-state language is defined as the set of strings generated by finite-state grammar rules.

  • Except as provided in division (G)(1) of this section, in lieu of accepting the payment of the accumulated account of a member participating in the STRS defined benefit plan who dies before service retirement, a beneficiary, as determined in section 3307.562 of the Revised Code, may elect to forfeit the accumulated account and to substitute benefits under this division.

  • All contributions on earned compensation for teachers participating in the STRS defined benefit plan shall be remitted to the state teachers retirement system by the thirtieth day of June of each year.

  • A qualified parent is a dependent parent of a deceased member participating in the STRS defined benefit plan who is age sixty-five or older.

  • For teachers participating in the STRS defined benefit plan, contributions shall be deposited in the teachers' savings fund.

  • If an election is not made, a member to whom this section applies is deemed to have elected to continue participating in the STRS defined benefit plan.

  • Not later than one hundred eighty days after the date on which employment begins, the individual shall elect to participate either in the STRS defined benefit plan or one of the STRS defined contribution plans.

Related to STRS defined benefit plan

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.