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March 23, 2022. In March 2022, the State Teachers Retirement Board approved a 3% cost-of-living adjustment (COLA) to eligible benefit recipients for fiscal year 2023, effective July 1, 2022. An increase of 3% will be added to the base benefit on the retirement date anniversary and each month thereafter. STRS Ohio notified each individual ...
30 Μαρ 2022 · To estimate your retirement benefit, use these resources: Benefit Estimate Calculator: Access this calculator, which populates with your account information, in your Online Personal Account . The calculator is also accessible on the website’s home page, but will require you to enter more information to obtain your estimate.
Calculators. Enter your information into these calculators to estimate benefits or service credit costs. Service Retirement (DB Plan) Service Retirement (DC Plan) Service Retirement (CO Plan) Purchasing Service Credit (DB Plan) Disability (DB and CO Plan) Survivor Benefits. State Teachers Retirement System of Ohio.
26 Μαΐ 2023 · The State Teachers Retirement Board has extended the current retirement eligibility rule requiring 34 years of service for an unreduced retirement benefit for five years through July 2028. The requirement was scheduled to increase to 35 years of service on Aug. 1, 2023.
SERS offers two types of service retirement: unreduced service retirement and early service retirement with reduced benefits. Unreduced Service Retirement For unreduced service retirement, you will earn the maximum pension amount based on your service credit (how long you’ve worked in an Ohio public service job) and final average salary (the
How do you predict how much money you will need for your retirement? Here are some tools and calculators that may help you get a better idea about what you will need. Once you’ve logged in to your account, you will find even more tools that can help you.
STRS Ohio offers an online calculator to help STRS Ohio members estimate service retirement benefits.
