2024 Annual Statements Are Now Available!

The 2024 Annual Statement is now available in member Online Personal Accounts for Defined Benefit (DB) and Combined (CO) Plan participants as well as reemployed retirees. Those members who receive a paper statement and have not indicated a preference to view it electronically will be able to view the statement online in late September. This document reflects information as of June 30, 2024, and is an important resource for retirement planning.

To access the statement, log in to your Online Personal Account and then click “My Documents” under the Useful Links section. For the DB Plan, the benefit projections included in the Annual Statement and online benefit calculators reflect the current eligibility criteria requiring 34 years of service for an unreduced retirement benefit or 29 years for a reduced benefit.

Annual Statements for DB and CO Plan participants include details about:

• Service credit, earnings and contributions, and account value information;
• Retirement date and age eligibility and projected benefit amount;
• Survivor and disability benefit estimates; and
• Service credit eligible for purchase.

Annual Statements for reemployed retirees include details about:

• Contributions and reemployed retiree benefits;
• Items of note regarding the account;
• Beneficiary information; and
• Benefit eligibility, payment and required minimum distribution information.

Defined Contribution Plan participants do not receive the Annual Statement, but do receive quarterly account statements with details pertaining to their defined contribution account. CO Plan participants also receive these quarterly account statements.

In addition to the Annual Statement, STRS Ohio offers the following retirement-planning tools and resources:

• Service Retirement calculator: DB and CO Plan annual statements include projected benefit amount information based on selection of a Single Life Annuity plan of payment. You can generate additional benefit estimates based on other plan of payment options and retirement dates using the calculator in your Online Personal Account, which populates with your account information.
• Service Retirement Eligibility calculator: DB Plan participants can access this tool to determine earliest eligibility for reduced and unreduced retirement benefits. The calculator is based on age and service credit and allows you to add details of any additional service. It is available in your Online Personal Account.
• Benefits counseling: It is advisable to schedule a benefits counseling session at least three years before you plan to retire and again six to 12 months from retirement. These sessions are available by videoconference, teleconference or in person.
• Seminars and webinars: STRS Ohio offers seminars and webinars targeting all stages of a member’s career. These opportunities can help you learn more about STRS Ohio benefits and prepare you for retirement.
• Service Retirement and Plans of Payment brochure: This publication offers an overview of retirement eligibility criteria, how benefits are calculated and plans of payment options.