The State Teachers Retirement Board has approved two benefit changes for active members retiring between June 1, 2025, and July 31, 2027, reducing the years of service required for retirement.
The required years of service for an unreduced retirement benefit is lowered to 33 years from 34 years at any age.
Eligibility for a reduced retirement benefit is lowered to 28 years of service from 29 years of service at any age. The current eligibility for reduced retirement at age 60 with five years of service remains unchanged.
Listen to this audio recording (7:57) of the motion, discussion, and vote at the STRS Ohio Board meeting on November 14, 2024.
Nov 14, 2924_ Reduce years to 33_ Motion, discussion, and vote