STRS Member Contribution Rate Increase on July 1
Pension reform legislation passed in 2012 included increasing the member contribution rate to 14 percent. This increase has been phased in 1 percent per year. The final scheduled increase took effect on July 1, 2016, when the rate increases to 14 percent from 13 percent.
For State Teachers Retirement System of Ohio’s (STRS Ohio) Combined (CO) Plan participants, effective July 1, 2016, the member contribution rate of 14 percent will have 12 percent allocated to the member’s Defined Contribution (DC) account and 2 percent allocated to the Defined Benefit (DB) portion of the CO Plan.
Further information about the STRS Ohio investment allocation options can be found in the Investment Options Guide, available in the Publications section of the STRS Ohio website at www.strsoh.org.