Payout Options

Defined Contribution Account
Combined Plan participants have several payment options available for the defined contribution portion of their account when they end their teaching career in Ohio. 

Members who are age 50 or older may withdraw the entire defined contribution portion of their account and retain the defined benefit portion. They may withdraw the defined benefit portion only if they are also withdrawing the defined contribution portion.

Important Note for Members Who Have Selected the STRS Total Guaranteed Return Choice as an Investment Option
Members who leave teaching and elect to “withdraw” their STRS Total Guaranteed Return Choice account before the end of a five-year term will be assessed an early-term withdrawal penalty of 10% of their net asset value (NAV) on all funds that did not go to term.

Click the link below for more information on each option available for your defined contribution account.

Life Annuity

Lump-Sum Withdrawal (Including Rollovers to Traditional IRAs or Other Employer Plans)