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STRS Member Contribution Rate Increase on July 1

Pension reform legislation passed in 2012 included increasing the member contribution rate to 14 percent. This increase has been phased in 1 percent per year. The final scheduled increase took effect on July 1, 2016, when the rate increases to 14 percent from 13 percent.

For State Teachers Retirement System of Ohio’s (STRS Ohio) Combined (CO) Plan participants, effective July 1, 2016, the member contribution rate of 14 percent will have 12 percent allocated to the member’s Defined Contribution (DC) account and 2 percent allocated to the Defined Benefit (DB) portion of the CO Plan.

Further information about the STRS Ohio investment allocation options can be found in the Investment Options Guide, available in the Publications section of the STRS Ohio website at . 

POSTED: Friday, July 1, 2016 08:36 AM
UPDATED: Wednesday, November 20, 2024 02:00 AM

91²Ö¿â's holiday closure for 2024 will begin Monday, Dec. 23, 2024, at 10:30 p.m. All offices will re-open on Thursday, Jan. 2, 2025. Employees not eligible for the paid leave include student employees, classified temporary staff, temporary agency staff, short-term unclassified appointments, unclassified intermittent appointments and employees in a lay-off status. More information on the holiday schedule, including how employees should report time during that period, will be available later this month.

Testing Your Faith Act (H.B. 353) was enacted in the Spring 2023 semester. In ordinance with this bill, 91²Ö¿â created a new administrative policy for religious and spiritual accommodations. This administrative policy allows students to report up to three days of unexcused absences to participate in religious holidays or community-held events in alignment with their spirituality.

Kent businesses, with the help of Main Street Kent, have created an exclusive weekend of special offers, giveaways, discounts and raffles just for educators Friday, Nov, 17 through Sunday, Nov. 19. Simply show your school ID at time of purchase for offerings and discounts. Explore participating businesses and special offers!