To calculate contributions and estimate interest on prior year adjustments to member accounts. Select the year(s) to be adjusted and enter the member's unreported earnings for each year. Be sure to enter the month and year in which you plan to make payment for the account adjustment. Please note this calculator is only estimating interest costs. Actual interest amounts will be billed to the employer once adjustments are received and processed. 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, 8.00% for January 2004 through June 2012, 7.75% for July 2012 through June 2017 and 7.45% for July 2017 and after.
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 888-535-4050.