PLOP Information

Member Cost
The chart below shows the amount a monthly benefit is reduced for each $1,000 of lump-sum payment. For example, a 50-year-old member who receives a $10,000 lump-sum payment would have his or her benefit reduced $57.70 a month for life ($5.77 x 10 = $57.70).

Defined Benefit Plan 2009 PLOP Cost Factor Table
Age	Reduction per $1,000
50	$5.77
51	5.82
52	5.87
53	5.93
54	5.99
55	6.06
56	6.13
57	6.21
58	6.29
59	6.38
60	6.47
61	6.57
62	6.68
63	6.80
64	6.92
65	7.05
66	7.19
67	7.35
68	7.51
69	7.68
70	7.87

Note: These factors are also used for the Defined Benefit Plan survivor benefit recipients who have elected a retirement-based benefit. This benefit is payable when a member dies before retiring with STRS Ohio but after meeting one of the following requirements: the attainment of age 60 with five years of service credit; age 55 with 25 years of service credit; or any age with 30 years of service credit. The benefit takes into account years of service credit and final average salary. The reduction factor used is based on the age the member would have attained on the survivor benefit effective date.