How are demographic changes impacting STRS Ohio?

In 1993, STRS Ohio had 2.2 active teachers participating for every beneficiary paid from the fund. Thirty years later, this had declined to 1.1 active teachers for every beneficiary. This happened at the same time the system saw its members’ life spans increasing. The Social Security Administration estimates how long the average 65-year old American will live. In 1940, the average 65-year old woman could expect to live 13.4 more years. By 1980 this had risen to 18.4 years, and by 2019 to 20.7 years.