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

  2. 30 Μαρ 2022 · Effective July 1, 2022, eligibility criteria for unreduced and reduced benefits are as follows: Retirement Dates. Unreduced Benefit (Minimum Age and Years of Service) Reduced Benefit. (Minimum Age and Years of Service) Aug. 1, 2021–July 1, 2023. Any age and 34 years; or age 65 and 5 years.

  3. Retirement Eligibility Changes Announced April 2, 2024. The current retirement eligibility rule requiring 34 years of service for an unreduced retirement benefit under the Defined Benefit Plan has been made permanent. The requirement was previously scheduled to increase to 35 years of service on Aug. 1, 2028.

  4. 14 Απρ 2022 · Defined Contribution Plan and Combined Plan participants who were hired as new members between July 1, 2017, and June 30, 2018, are now eligible to change STRS Ohio retirement plans. Members eligible for reselection during this period have until June 1, 2022, to indicate a plan selection.

  5. The following changes, which benefit both active and retired members, will take effect July 1, 2022. For retired members: A one-time 3% cost-of-living increase (COLA) will be paid to eligible benefit recipients.

  6. 13 Σεπ 2022 · Your 2022 Annual Statement is now available in your Online Personal Account if you do not receive a paper statement and receive your annual statement electronically. If you receive a paper statement, it will be available to view online in late September.

  7. 28 Ιαν 2022 · Ohio law requires the system’s actuary to determine if proposed benefit changes would materially impair the fiscal integrity of the retirement system. Cheiron reviewed a range of plan design changes for the board’s consideration.

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