What are typical pensions for STRS Ohio members and how do they compare to private sector employees?
The average monthly pension for Ohio’s public educators (as of July 1, 2010) is $3,104 or $37,249 annually. These pensions are based on (a) final average salaries for positions that require a bachelor’s degree or higher; and (b) careers that usually span 30 years or more. (About 75% of STRS Ohio retirees have 30 or more years of service when they retire.) As a result, any comparison of teachers’ pensions versus other individuals’ pensions needs to take these factors into consideration to ensure an “apples to apples” comparison.
