STRS defined benefit plan definition
STRS defined benefit plan means the plan described in sections 3307.50 to 3307.79 of the Revised Code.
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.
Associate 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.
The District and United Faculty agree to implement the State Teacher’s Retirement Cash Balance Plan as an alternative retirement plan to the regular STRS defined benefit plan and Social Security for part-time faculty whose basis of employment is less than 50% of a full-time position.