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Employers Manual
Retirement Incentive Plan for Defined Benefit Plan Members
Member Eligibility Requirements
To be eligible to participate in the Retirement Incentive Plan, a member
must meet the following requirements:
- Be enrolled in the STRS Ohio Defined Benefit Plan.
- Be at least 50 years old.
- Be employed in an STRS Ohio-covered position.
- Be eligible for service retirement either before or after the purchase
of retirement incentive credit. Retirement qualifications are:
Eligibility Requirements for Service Retirement With Retirement Incentive CreditAgeYears of Service50*305525605
*The member must be at least age 50 by the retirement date or plan end date, whichever is earlier.
Service credit includes all earned credit, member-purchased credit and employer-purchased retirement incentive credit. Effective for retirements on or after Sept. 1, 1996, members retiring with retirement incentive credit must pay the full cost of health care coverage until they reach the age requirement for retiring without retirement incentive credit.
- Retire within 90 days after receiving notice from STRS Ohio that the employer has agreed to purchase the retirement incentive credit. The effective date of retirement must be no later than 90 days after the expiration date of the employer’s Retirement Incentive Plan.
- The member cannot continue employment with a secondary employer (defined as a position with an employer that pays less than the primary employer) and also participates in a Retirement Incentive Plan adopted by that secondary employer under section 3307.54, Revised Code.
