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The State Teachers Retirement System of Ohio serves nearly 493,000 active, inactive and retired Ohio public educators. STRS Ohio is one of the largest public pension funds in the country.
STRS is one of five public pension systems in Ohio. Combined, the five systems have about $225 billion invested for 655,000 public employees, 486,000 retirees and 1.1 million former government ...
Pension benefits are primarily designed to favor workers who work a full career (typically at least 25 years of service), which account for approximately 24% of state-level public workers. In a study of 335 statewide retirement plans, Equable Institute found that 74.1% of pension plans in the US served this group of workers well.
The largest teacher pension system in Ohio wants school districts to pay more, which would cost taxpayers an additional $533 million a year.
The benefit in a defined benefit pension plan is determined by a formula that can incorporate the employee's pay, years of employment, age at retirement, and other factors. A simple example is a dollars times service plan design that provides a certain amount per month based on the time an employee works for a company. For example, a plan ...
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The State Teachers Retirement System of Ohio is facing "a hostile takeover of a public pension by private interests," according to a 14-page anonymous memo that surfaced Wednesday.
STRS or Strs may refer to: Short tandem repeats, in DNA testing; St. Thomas Residential School, Thiruvananthapuram, Kerala, India; Sir Thomas Rich's School, Longlevens, Gloucester, England; South Thames Retrieval Service, a medical transport service affiliated with Evelina Children's Hospital, London