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Employers Manual
Purchasing Service Credit
Monthly Remittance of Payroll Deductions
for Purchased Service Credit
The Monthly Remittance of Payroll Deductions for Purchased Service Credit form will be sent to employers listing all members who are
purchasing service credit and the expected deductions. This form must
be completed and returned to STRS Ohio along with payment for the total
amount.
If the amount of the deduction is different from the expected amount, the “Amount Deducted” column should be completed. An employer should remit a monthly payment amount greater than or equal to the minimum payment allowed. If the payment is less than the minimum allowed, STRS Ohio will return the payment to the employer. The member will then have to file a new application before any additional payments will be accepted.
New members may be added to the monthly remittance form as long as the Application to Purchase Service Through Payroll Deduction form has been submitted for each participant and the actual deduction equals or exceeds the minimum deduction.
Employers can submit this information using the secure Employer Account Information area of the STRS Ohio Employer Web site. Registration is required to use this feature.
Employers not registered to submit this information electronically will continue to receive the paper form.
