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Cost-of-Living Adjustment (COLA) New STRS Ohio benefit recipients are eligible to receive a COLA beginning on the fifth anniversary of their retirement date.
23 Φεβ 2017 · Board may grant a COLA of no more than 3%, however a benefit recipient age 65 or older whose benefit is less than 185% of the federal poverty limit for a family of two receives a 3% COLA. HPRS. Recipients whose benefit effective date is on or after January 7, 2013 will not be eligible for a COLA until age 60.
26 Μαΐ 2023 · New STRS Ohio benefit recipients are eligible to receive a COLA beginning on the fifth anniversary of their retirement date. Retirees who started receiving benefits on June 1, 2019, or earlier will be eligible for this COLA in fiscal year 2024 (July 1, 2023–June 30, 2024).
Overview. The State Teachers Retirement System of Ohio (STRS Ohio) is a statewide pension plan for Ohio educators that ofers a range of benefits and services to nearly 500,000 active and inactive members and retirees.
23 Μαρ 2022 · STRS Ohio notified each individual retiree who is eligible to receive a COLA when they can expect their cost-of-living increase to be in their monthly benefit check (the anniversary month of retirement). Notification is also being sent to COLA recipients when the monthly benefit amount changes.
Protection/COLA New STRS Ohio benefit recipients are eligible to receive a COLA beginning on the fifth anniversary of their retirement date. The State Teachers Retirement Board will periodically evaluate whether a cost-of-living increase is payable in accordance with the law in effect at that time (Section 3307.67, Revised Code). If a COLA
19 Σεπ 2024 · Board Approves Maximum COLA for 2025 At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible benefit recipients in 2025. By statute, SERS’ COLA is based on the year-to-year change in the Consumer Price Index (June 2023 to June 2024) for Urban Wage Earners (CPI-W), with a ...
