Is Pera nationwide?
Why do I keep hearing about the “Nationwide Plan?” Nationwide is contracted with PERA as the Plan's record keeper. Nationwide provides all administrative services and outreach activities to plan participants. How is PERA affiliated with this plan?
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 an Ohio teacher retire?
For new teachers starting out in Ohio, they can retire with their full benefits when they reach 65 years of age and have accrued at least 5 years of service, or when they reach 60 years of age and have accrued at least 35 years of service.
What kind of account is strs?
CalSTRS Defined Benefit Program is a traditional defined benefit plan that provides retirement, survivor and disability benefits. Your Defined Benefit retirement benefit is based on a formula set by law using your age, service credit and final compensation.