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Are member contributions credited to the member accounts immediately on receipt of a payroll report?

April 26, 2017accounts contributions credited immediately payroll RECEIPT report

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Are member contributions credited to the member accounts immediately on receipt of a payroll report?

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STRS Ohio checks payroll reports for certain error conditions — valid employer number, numeric fields contain numeric values, etc. Once the report is verified and payment has been remitted, contributions are credited to Defined Contribution Plan and Combined Plan member accounts.