June Board News
During its June 2008 meeting, the State Teachers Retirement Board elected Mark Meuser as its vice chair for the coming year. Meuser was elected in May 2006 to a contributing member seat on the board. According to Board Policies, Mary Ann Quilter Cervantes, who is currently serving as vice chair, automatically moves into the position of chair. More...

Abbreviated June Board News
At its June 2008 meeting, the State Teachers Retirement Board approved the premiums for calendar year 2009 for all of the health care plans offered through the STRS Ohio Health Care Program. More...

Retirement Board Selects Executive Director
During its June 19, 2008, meeting, the State Teachers Retirement Board voted unanimously to name Michael (Mike) J. Nehf as the ninth executive director of the State Teachers Retirement System of Ohio (STRS Ohio). More...

May Newsletter for Reporting Employers Now Available
The latest edition of the employers newsletter was recently mailed to all employers. If you did not receive your copy, you can view the entire newsletter online or print out a PDF of it. Some of the topics covered in this issue include annual reporting, legislative update, new compensation limits, and Board Rule updates. More…

Reemployed Retiree Health Care Changes
As more and more employers have become aware of the pending change in health care coverage for reemployed STRS Ohio retirees effective on Jan. 1, 2009, we have received calls with questions about specific situations. To help address these we have developed five hypothetical situations and explanations on how the new rule would apply to each. Click here to view a PDF that details the coverage changes and the examples.

Calamity Days May Affect June Retirements
When calamity days cause the school year to be extended, members who were planning to retire June 1 can be affected. If teacher workdays… More…

GASB Statement Available
In compliance with the disclosure requirements of the Governmental Accounting Standards Board (GASB), STRS Ohio has completed the following GASB statements:

GASB Statement No. 12 — regarding post-employment benefits other than pension benefits;

GASB Statement No. 27 — regarding employer pension disclosures; and

GASB Statement No. 45 — regarding employer OPEB disclosure.

Annual Compensation Limits Updated
The Defined Contribution Plan annual compensation limits have been updated for fiscal year 2007–2008. Click here to view and/or print the updated Annual Compensation Limits table. Please make sure to update your printed version of the Employers Manual with the new pages.

Written Explanation for Early Contract Completion Required When a Member Retires
Occasionally, teachers will work weekend days or holidays to complete their contracts ahead of schedule so they can retire early. For STRS Ohio purposes, compensation earned for work performed on weekends or holidays for the purpose of early contract completion may not qualify for retirement contributions. More…

Let Us Know What You Think
We want to know what you think we are doing right and what you think we can do better to meet your reporting needs. Employers can now use our new “Employer Comments” application to provide STRS Ohio with anonymous feedback. Click the link below or to the left under the cash remittance information to view the comment application. View the “Employer Comments” application.

Register for E-Mail Updates
STRS Ohio is now offering a service where you can receive timely and accurate news and information. More...