Annual Reporting Around the Corner |
Save time and mailing costs by submitting your Annual Report, Recap Sheet and Service Credit Verification report online this year. If you used these online services in the past, you are automatically registered to use them again this year. Otherwise, you must register to use them. (Note: If you submit your Annual Report via an ITC (Information Technology Center) you should only register for the online Recap Sheet and Service Credit Verification service.) This year’s submission deadline is Friday, Aug. 14, 2009.
Watch your mail for your annual reporting packet
which mailed the first week of June. Employers will be able to view their annual reporting information online beginning July 1, 2009. |
Correction to June Board News
The June Board News contains an article titled “Health Care Program Changes Approved for 2010.” There is a typographical error in the story. The maximum annual out-of-pocket costs for the Aetna Medicare Advantage Plan will be $1,500 per individual versus the $500 stated in the article. This $1,500 includes all copayments, the $500 deductible and coinsurance. We apologize for any confusion this may have caused and regret this error.
June Board News
During its June meeting, the State Teachers Retirement Board elected Tim Myers as its vice chair for the coming year. According to Board Policies, Mark Meuser, who is currently serving as vice chair, automatically moves
into the position of chair. More...
May Newsletter for Reporting Employers
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 pension and health care funding, annual reporting, employer self service and reorganization of the Employer Reporting Department. More...
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 have been extended in June, members who were planning to retire effective June 1 have several options. More...
GASB Statements Available
In compliance with the disclosure requirements of the Governmental Accounting Standards Board (GASB), STRS Ohio has completed the following GASB statements for the fiscal year which ended June 30, 2008:
 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 IRS has published new compensation limits that apply for the 2008–2009 and 2009–2010 fiscal years. 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... |
