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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
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.
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.
STRS Ohio offers an online calculator to help STRS Ohio members estimate service retirement benefits.
A reduction in retirement eligibility to 30 years of service costs $4.44 billion. An ongoing annual COLA of 2% costs $13.96 billion. The STRS Board is expected to further explore the options available and potentially act at its May meeting. OEA believes that maintaining the long-term solvency of the pension plan is the top priority.
The School Employees Retirement System of Ohio (SERS) provides retirement security to the women & men who manage the daily operations of Ohio's K-12 schools, community colleges & the University of Akron.
18 Μαρ 2022 · More than 150,000 retired Ohio teachers are learning some good news – that they’ll see a cost of living adjustment, or COLA, in their pension checks for the first time in years starting for some in July.
