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Online Publications
Employers Manual
Defined Contribution & Combined Plans
Background
The passage of Substitute Senate Bill 190 enabled STRS Ohio to establish
a Defined Contribution Plan option. Beginning July 1, 2001, STRS Ohio
began offering three plan choices for new and short-service members:
- The existing Defined Benefit Plan.
- A Defined Contribution Plan with retirement income based on the
performance of investment choices the member selects.
- A Combined Plan incorporating features of both the Defined Benefit and Defined Contribution Plans.
These plans offer members more choices among retirement options, increased portability of their contributions and a more active role in managing their retirement contributions.
