If service is purchasable, an initial cost statement will be mailed to you. This cost statement does not obligate you to buy credit, but it does verify the credit amount and current cost. A payroll deduction cost, if allowed, will be included with the cost statement. Before purchasing service credit, an individual counseling session with an STRS Ohio benefits counselor is strongly recommended. You may purchase any portion of your certified service.
Costs are valid only for the month indicated on the cost statement.
To initiate payroll deduction, this cost must be given to your treasurer or payroll officer. You must be employed in a position that allows for regular monthly deductions. You may specify a monthly dollar amount or designate a specific time period and may take up to five years of payroll deduction per year of credit being purchased. However, purchases must be completed before retirement. Payroll deduction can only be used to purchase service credit represented on one cost statement at a time.