We’re #hiring. Review our current list of job openings and start your new #career journey at STRS Ohio: https://buff.ly/3TRHvjH
STRS Ohio
Financial Services
Columbus, OH 5,242 followers
STRS Ohio is one of the nation’s largest retirement systems, serving active, inactive and retired Ohio public educators.
About us
State Teachers Retirement System of Ohio is one of the nation’s leading retirement systems, serving about 500,000 active, inactive and retired Ohio public educators. With investment assets of $92.8 billion (including short-term investments) as of June 30, 2023, STRS Ohio is one of the largest public pension funds in the country.
- Website
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http://www.strsoh.org
External link for STRS Ohio
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Columbus, OH
- Type
- Nonprofit
- Founded
- 1920
- Specialties
- Public pension, Retirement benefits, Healthcare benefits, and Investments
Locations
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Primary
Get directions
275 E. Broad St
Columbus, OH 43215-3771, US
Employees at STRS Ohio
Updates
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Reminder: Benefits are automatically deposited to your bank account on the first banking day of each month, which is usually the first day of the month, unless that day falls on a holiday or weekend. A complete list of 2025 benefit pay dates is available here: https://buff.ly/4f3QJ3C
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The U.S. Senate has passed the Social Security Fairness Act! The next step is for the president to sign the bill into law. The bill repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) that reduce the Social Security benefits many STRS Ohio members may be eligible to receive. More details: https://buff.ly/4gkkrCN
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Before taking steps to plan for financial security in retirement, you should refine goals into specific dollar amounts and determine your income sources in relation to those goals. ✅ To refine your goals, first address this question: How much money do I (or we) need to live comfortably in retirement? To answer this, you need to know two things: what your retirement lifestyle will be and what your current expenditures are. 🏖️ 🏕️ ✈️ By keeping track of your monthly expenses now, you can more easily estimate your retirement expenses and identify additional savings needed to supplement your pension income. Keep in mind health care costs are currently outpacing inflation and will continue to do so for the foreseeable future. Plan to save more money than you think you will need and review your inventory annually. 🏦 STRS Ohio wants to help all members prepare for a financially secure future, no matter where you are on your financial journey. Learn more: https://buff.ly/3ObsZQ5
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Reminder: Recordings of the State Teachers Retirement Board meeting presentations are available on the STRS Ohio website the week following each board meeting. The December recordings are now available: https://buff.ly/48lwa0D
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At its December meeting, the State Teachers Retirement Board approved an increase in the health care premium subsidy for members with 28 years of service whose retirement effective date is between Aug. 1, 2023, and July 31, 2032. Crowe LLP also shared results of its audit of STRS Ohio’s fiscal 2024 financial statements. More details: https://buff.ly/49Ka20S
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STRS Ohio members enrolled in the Defined Benefit Plan may purchase service credit for certain types of past employment — including out-of-state teaching service, private school teaching service, other types of public service and leaves of absence. For more details, view this video: https://buff.ly/3VoUmdt
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In late January, benefit recipients who have not opted to “go paperless” will receive the 1099-R form in the mail detailing their 2024 STRS Ohio pension income. To view sooner online, log in to your Online Personal Account by Dec. 31, and click on “Update My Correspondence Choices” under Useful Links: https://buff.ly/3KknDjo
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