What is the average teacher pension in Ohio?
You can estimate your likely monthly pension through a benefits calculator provided by the STRS. For example, under the defined benefit plan, if you worked for 25 years with a final average salary of $52,000, your monthly pension would be $2,383.33.
When can I retire Ohio STRS?
You can retire early with an actuarially reduced benefit at age 60 with five years of service or age 55 with 29 years of service. Members can also retire early with a reduced benefit at any age with at least 30 years of service.
How do I contact STRS Ohio?
Members can call STRS Ohio's Member Services Center toll-free at 888‑227‑7877, Monday through Friday, 8 a.m.–5 p.m. If you are calling from outside the United States and cannot use the toll-free number, please dial 614-227-4090.
What is an STRS account?
CalSTRS Defined Benefit Program is a traditional defined benefit plan that provides retirement, survivor and disability benefits. ... *Special circumstances of concurrent retirement with certain other California public retirement systems.
What happens to my STRS pension if I quit?
When you terminate your CalSTRS-covered position, you can request a refund of your Defined Benefit account contributions and your Defined Benefit Supplement account balance, including interest earned.
When can teachers retire in Ohio?