Compensation
Contribution rates
The rate of contribution shall be approved by the State Teachers Retirement
Board and, under current Ohio law, may not exceed 14%.
Year |
Member Rate |
Employer Rate |
1950-1951 |
5% |
7.25% |
1951-1952 |
6%* |
8.50% |
1952-1953 |
6% |
8.00% |
1953-1954 |
6% |
8.00% |
1954-1955 |
6% |
8.00% |
1955-1956 |
6% |
9.25% |
1956-1957 |
6% |
9.25% |
1957-1958 |
6% |
9.25% |
1958-1959 |
6% |
9.33% |
1959-1960 |
7%** |
10.41% |
1960-1961 |
7% |
10.41% |
1961-1962 |
7% |
10.41% |
1962-1963 |
7% |
10.41% |
1963-1964 |
7% |
10.41% |
1964-1965 |
7% |
11.00% |
1965
(calendar) |
7% |
11.00% |
1965-1966 |
7% |
11.27% |
1966
(calendar) |
7% |
11.50% |
1966-1967 |
7% |
11.50% |
1967-1968 |
7% |
11.50% |
Effective
7/1/1968 |
7.8% |
11.50% |
1968-1969 |
7.8% |
11.50% |
1969-1970 |
7.8% |
12.90% |
1970-1971 |
7.8.% |
12.90% |
1971-1972 |
7.8% |
12.90% |
1972-1973 |
7.8% |
12.90% |
1973
(calendar) |
7.8% |
12.90% |
Effective
1/1/1974 |
8% |
12.55% |
1973-1974 |
7.93% |
12.66% |
1974-1975 |
8.0% |
12.55% |
1975-1976 |
8.0% |
12.55% |
1976-1977 |
8.0% |
12.55% |
1977-1978 |
8.5% |
13.50% |
1978-1979 |
8.5% |
13.50% |
1979-1980 |
8.5% |
13.50% |
1980-1981 |
8.5% |
13.50% |
1981-1982 |
8.5% |
13.50% |
1982-1983 |
8.5% |
13.50% |
1983-1984 |
8.66% |
13.75% |
Effective
1/1/1984 |
8.75% |
14.00% |
1984-1985 |
8.75% |
14.00% |
1985-1986 |
8.75% |
14.00% |
1986-1987 |
8.75% |
14.00% |
1987-1988 |
8.75% |
14.00% |
1988-1989 |
8.77% |
14.00% |
1989-1990 |
8.77% |
14.00% |
1990-1991 |
9.25% |
14.00% |
1991-1992 |
9.25% |
14.00% |
1992-1993 |
9.25% |
14.00% |
1993-1994 |
9.25% |
14.00% |
1994-1995 |
9.30% |
14.00% |
1995-1996 |
9.30% |
14.00% |
1996-1997 |
9.30% |
14.00% |
1997-1998 |
9.30% |
14.00% |
1998-1999 |
9.30% |
14.00% |
1999-2000 |
9.30% |
14.00% |
2000-2001 |
9.30% |
14.00% |
2001-2002 |
9.30% |
14.00% |
2002-2003 |
9.30% |
14.00% |
2003-2004 |
10.00% |
14.00% |
2004-2005 |
10.00% |
14.00% |
2005-2006 |
10.00% |
14.00% |
2006-2007 |
10.00% |
14.00% |
2007-2008 |
10.00% |
14.00% |
2008-2009 |
10.00% |
14.00% |
* 6% of total earnings
** 7% of total earnings
Contact STRS Ohio toll-free at 1-888-535-4050 for contribution rates
before 1950.