What impact would the 3% increase in contributions have on STRS Ohio members?
For a teacher earning $40,000 a year, the proposed contribution increase means an additional deduction of about $16 per paycheck during the first year. By the end of three years, the total deduction per paycheck will be about $48 (assuming there was no change in salary and based on 26 pay periods per year).
Related Questions
- Is it true that STRS Ohio members can "spike" their retirement benefit upward by manipulating the income that gets included in their final year of compensation?
- How does STRS Ohio reconcile the contributions submitted with payroll reports to the Annual Report?
- Can I view information about contributions I’ve previously submitted to STRS Ohio?
