2014 Spring Employer Workshops
Workshop registration has begun for STRS Ohio’s spring Employer Workshops. Two workshops are being offered. Higher Education Payroll Reporting Basics is being offered for college and university employers at three locations in April. Reporting Basics (Part 2) is being offered for K-12 employers. Employers can register online via Employer Self Service (ESS) from now until March 21. Additional information can be found in the Employer Resources section of the site under Employer Workshops.
February Board News
At its February meeting, the State Teachers Retirement Board reviewed several options to reduce the amortization period for the pension fund and agreed that STRS Ohio will continue to involve stakeholders in the process of considering plan revisions. 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.