Pay Date Schedules Due June 13
Pay date schedules for the upcoming fiscal year are due by June 13. Knowing your school's pay dates helps us track the submission of payroll reports and allows us to alert you when we haven't received an expected report. Click here to view the eUPDATE and access the pay date schedule.
March Board News
At the March meeting of the State Teachers Retirement Board, the board took action to reduce the amortization period for the pension fund, voting unanimously to discontinue the current allocation to the Health Care Fund of 1% of the 14% employer contribution beginning July 1, 2014. More...
When calamity days cause the school year to be extended, members who were planning to retire June 1 can be affected. Employers should understand what options are available and review the Calamity Days Fact Sheet.
STRS Ohio, SERS Clarification on Membership Determination for Preschool Teachers
STRS Ohio and School Employees Retirement System of Ohio (SERS) have worked collaboratively to clarify membership determination for positions of mutual interest, including coaches, athletic directors, nurses and pupil services areas. An email was recently sent clarifying the membership requirement for preschool teachers. Click here to view this message. In early January employers received detailed information that specifically addressed membership issues and required employer action. Click here to view this important message. Any individual not currently contributing to the correct retirement system, must have their membership changed effective July 1, 2014, to comply with these requirements. After reviewing the membership information, employers with additional questions should contact the STRS Ohio employer education team and/or SERS employers outreach group.
GASB Statement Available
In compliance with the disclosure requirements of the Governmental Accounting Standards Board (GASB), STRS Ohio has completed the following GASB statements:
GASB Statement No. 27 — regarding employer pension disclosures; and
GASB Statement No. 45 — regarding employer OPEB disclosure.
December Employers Manual Update
Section 2 — Compensation of The Employers Manual has been updated to reflect the new compensation limits. Earlier this year the manual was updated to reflect pension reform changes. The manual can be viewed and/or printed in its entirety or by sections as a PDF in the Employers Manual area of the website.