Online Calculators

Interest on Backpostings

This calculator has been created to assist employers in calculating contributions and estimating interest on prior year adjustments to member accounts. Please select the year(s) to be adjusted and enter the member's unreported earnings for each year. Note this calculator is only estimating interest costs. Actual interest amounts will be billed to the employer. Interest is calculated at a rate of 7.75% through June 1993, 7.5% for July 1993 through June 2000, 7.75% for July 2000 through December 2003 and 8.00% for January 2004 and after.

Estimated Payment Date (MM/YYYY): /

Fiscal
Year 		  Unreported Earnings Member Contributions Employer Contributions Estimated Interest
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
           
Estimated cost:   $ $ $
           
Total estimated cost:     $

Disclaimer: STRS Ohio is created and governed by Chapter 3307 of the Ohio Revised Code. The estimates presented on this site are provided as a convenience to employers, but are not intended to provide complete information about the laws that create STRS Ohio or about rights and benefits under STRS Ohio. For more complete or specific information, refer to Chapter 3307 of the Ohio Revised Code or contact STRS Ohio at 1-888-535-4050.

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