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 60-year-old member who receives a $10,000 lump-sum payment would have his or her benefit reduced $82.60 a month for life ($8.26 x 10 = $82.60).

Combined Plan PLOP Cost Factor Table
Age	Reduction per $1,000
60	8.26
61	8.37
62	8.49
63	8.62
64	8.76
65	8.91
66	9.07
67	9.23
68	9.41
69	9.60
70	9.80

Note: These factors are also used for the Combined 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.