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  1. The requirement was previously scheduled to increase to 35 years of service on Aug. 1, 2028. Eligibility for a reduced retirement benefit has been lowered to 29 years from 30 years of service. The current eligibility for reduced retirement at age 60 with 5 years of service remains the same.

  2. The Governmental Accounting Standards Board (GASB) requires employers to include their proportionate share of STRS Ohios net pension liability and annual expense (GASB 68) and net other post-employment benefits liability and annual expense (GASB 75) in their financial statements.

  3. Employers must implement the necessary changes to ensure that 2.91% of employer contributions for ARP participants are remitted to STRS Ohio for earnings on or after July 1, 2022. Employer ARP reports must reflect the new rate starting with the July 2022 report, which is due to STRS Ohio by Aug. 15, 2022.

  4. 30 Ιουν 2023 · Today, STRS Ohio is one of the largest public pension funds in the United States, serving active, inactive and retired Ohio public educators. The mission of STRS Ohio is to provide Ohios public educators a foundation for their financial security.

  5. STRS Ohio is continuing to serve our members during this time and are continuing to make benefit payments as scheduled on the first banking day of the month. While face-to-face counseling meetings have been canceled for the time being, members are continuing to take part in one-on-one teleconferences to meet their needs.

  6. 1 Φεβ 2021 · Teacher Salary Schedules Due to STRS Ohio. Posted: Feb. 1, 2021. STRS Ohio is getting ready for the summer months when retirement processing is at its peak. At this time, please provide copies of your 2020–2021 salary schedules and 2021–2022 salary schedules (if available).

  7. The State Teachers Retirement Board has approved a change to the eligibility requirements for an unreduced retirement benefit under STRS Ohios Defined Benefit Plan.

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