Account Withdrawal
Account withdrawals are paid as a lump-sum distribution, part of which may be taxable at the time of withdrawal, or may be rolled over to an IRA, or eligible employer plan or another qualified plan.

Upon termination of public employment in an STRS Ohio-covered position, members participating in the Defined Contribution Plan may elect to withdraw their account. Withdrawal of your account will cancel your STRS Ohio membership. If you are younger than age 50, a withdrawal of the entire account is the only payment option available.

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.