Quick Facts

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Quick Facts
and Resources

fiscal year 2020

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Membership Profiles

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Average Full-Time
Active Profile


44.3
Age
13.3 years
Service Credit

$64,746
Salary
Contribution Rates
Active Member: 14%
Employer: 14%
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Average Retiree
Profile

(for retirement in 2019–2020)


63.3
Age at
Retirement
28.0 years
Service Credit

$51,120
Annual Benefit

Membership —includes public school teachers, administrators and college and university faculty

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Active Members*
 

195,087
39%
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Inactive
Members

150,173
29%
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Retirees &
Beneficiaries

156,907
32%
 
 
 
 

Total Members

502,167

*Includes reemployed retirees

Benefits and Health Care Coverage

Retirement Plan Choices

Current Active Member Enrollment

DB
Defined Benefit Plan
=
86%
DC
Defined Contribution Plan
=
10%
CO
Combined Plan
=
  4%
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Benefits while working: Survivor and disability benefits are provided to eligible members in the Defined Benefit and Combined Plans.

Alternative Retirement Plans (ARP)

NOTE: Full-time higher education faculty also have the option of choosing an ARP administered by a private vendor.

59%
Chose an STRS Ohio Plan
41%
Chose an ARP
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Health Care Coverage: Access to health care coverage is available for qualifying Defined Benefit and Combined Plan retirees and their families, as well as eligible disabled educators.

Funded Status —as of June 30, 2020

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14.9  Years
STRS Ohio Funding Period
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77.4%
Funded Ratio

Quick Facts

as of June 30, 2020

 
approximately
$78.4
Billion
in total assets
500,000
Educators
active, inactive & retired
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8 out of 10
STRS Ohio benefit
recipients live in Ohio

Economic Impact

in fiscal 2020

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$7.0
Billion
Paid in service retirement,
survivor & disability benefits
$491
Million
Paid in medical and
pharmacy costs for the Health
Care Program enrollees
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$1.1
Billion
Invested in companies
headquartered in Ohio

STRS Ohio Board

STRS Ohio is governed by an 11 member board comprised of active members,
retirees and appointees