Minutes of the STRS Ohio Retirement Board
The State Teachers Retirement Board meets monthly (with the exception of January and July) at the STRS Ohio offices in Columbus. Meetings are open to the public. While the Retirement Board generally meets on the third Thursday and Friday of the month, the meeting dates are subject to change. Additional meetings may also be added. Click here for more information about attending the Board meetings, in-person and virtually, as well as Board materials and videos.
2025
The State Teachers Retirement Board approved the following benefit changes for active and retired STRS Ohio members:
Effective July 1, 2025, eligible benefit recipients will receive a 1.5% cost-of-living adjustment (COLA) in fiscal year 2026. Retirees who started receiving benefits on June 1, 2021, or earlier will receive a COLA that will be added to the base benefit on the retirement date anniversary and each month thereafter.
For active members retiring between June 1, 2025, and May 1, 2030, the required years of service for an unreduced retirement benefit* is lowered to 32 years from 33 years at any age. Eligibility for a reduced retirement benefit* is lowered to 27 years of service from 28 years of service at any age.
For active members retiring between June 1, 2030, and May 1, 2032, eligibility for unreduced benefits will be temporarily adjusted to 33 years of service. Eligibility for reduced benefits will be 28 years of service.
Eligibility for unreduced benefits will return to a minimum of 34 years of service credit (29 years for reduced retirement benefits) effective June 1, 2032, going forward.
2024
Board voted to reduce retirement eligibility requirements for a three-year period.
Beginning June 1, 2025, STRS members will be eligible to retire with 33 years of service at any age (down from 34 years of service currently).
Additionally, members will be eligible for early retirement, with reduced benefits, with 28 years of service. These rules will be in place through July 2027.
Board voted to pay a “supplemental benefit payment” to system retirees in December.
Wade Steen regains his seat on the Board.
The current retirement eligibility rule requiring 34 years of service for an unreduced retirement has been made permanent.
The minimum requirement for unreduced benefits was previously scheduled to increase to 35 years of service in August 2028.
Eligibility for a reduced retirement benefit has been lowered from 30 years of service to 29 years of service.
The current eligibility for reduced retirement at age 60 with 5 years of service remains the same.
2023
November 16 & 17, 2023
Board approved a 1% cost-of-living adjustment (COLA) for fiscal year 2024. Eligible retirees will receive an increase of 1% to their base retirement benefit on the anniversary of their retirement date. Retirees are eligible for COLA if they have been retired for five years or more.
STRS Board voted to extend the ability to retire after 34 years of service at any age and receive unreduced benefits. The years of service needed was scheduled to increase to 35 in August of this year. Eligibility at 34 years of service was extended for five years and will now be in effect until July 31, 2028.
2022
Board approved a one-time, 3% cost of living adjustment (COLA) for eligible retirees starting July 1.
2021
2020
April 2020 meeting was cancelled because of Covid.
2019
2018
2018
2017
The Board did not meet in November 2017.
Mr. Stein moved, seconded by Ms. Correthers that in order to preserve the fiscal integrity of the
retirement system, cost-of-living increases granted on or after July 1, 2017, pursuant to Ohio
Revised Code Section 3307.67 be reduced to 0% from the current 2%.
2016