Contribution Rate

As an STRS Ohio member, you are required to contribute 10% of earned salary through payroll deduction. In addition, employers contribute 14% of total faculty payroll annually to STRS Ohio for deposit to the Employers Trust Fund. Member contributions may be made on a taxed or tax-deferred basis.

Tax-Deferred (Picked-Up) Contributions
Includes the amount of your contributions on earned compensation during the STRS Ohio fiscal year that were tax-deferred by your employer. Contributions picked up by your employer are not taxed during your employment. This amount is refundable and is included in your total accumulated member contributions. Also included in this amount are tax-deferred payments for purchased service credit.

Taxed (Employee) Contributions
Includes the amount of your contributions on earned compensation during the STRS Ohio fiscal year that were not tax-deferred by your employer. Also included are after-tax payments to STRS Ohio to purchase credit. This amount is refundable if your account is withdrawn and is not subject to federal, state or local taxation. Any interest credited to your account before Sept. 1, 1959, is subject to federal and state income tax.

Total Accumulated Contributions
Includes the sum of your taxed contributions, tax-deferred contributions and your total payments for purchased credit. The total amount is refundable if your account is withdrawn.