There are two types of benefit calculations for service retirement. When you retire, you automatically are eligible for the calculation that provides the greater benefit. Contributing service credit over 30 years continues to be calculated at the escalating formula above. Under the money-purchase calculation, your lifetime contributions, plus interest, are matched by employer funds to provide an annuity reserve.
Interest rates are subject to change without notice.
If you contribute to STRS Ohio for five or more years and leave your contributions on deposit with the Retirement System, you will be eligible to receive a service retirement benefit when you meet eligibility requirements.