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Sunday, Jun 16, 2019

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Changes to STRS Faculty contribution rates effective July 1


As communicated in June via email and the Faculty Contributions article in Compass, the State Teachers Retirement System of Ohio (STRS) announced a 1% increase to employee retirement contributions for work performed on or after July 1, 2016. This is the final year of the three-year phase-in period, increasing the member contribution rate to 14%.  

Any changes to retirement contributions enacted by STRS apply to both STRS plans and the Alternative Retirement Plan (ARP). The following serves to further clarify changes to retirement contributions for STRS and ARP plans effective for all work performed on or after July 1, 2016.

Employee Contribution Changes:

  • As part of previously enacted pension reforms, faculty contributions to STRS plans and ARP plans will increase from 13% to 14% effective July 1, 2016.
  • The University automatically changed faculty contributions and faculty do not need to take any action regarding these changes.

The changes will be reflected in Faculty pay for any work performed on or after July 1, as follows:
STRS Table 1

The below chart reflects current contribution rates:

STRS Table 2