Ohio Deferred Compensation Informational Program

Below is an email that Ohio Deferred Comp sent out to participants of the 457 retirement savings plan about an upcoming informational session held in Medina on 5/19/09.

To Your Prosperity,

Kevin Kroskey

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The Ohio Deferred Compensation Program will be offering two evening retirement readiness workshops on Tuesday, May 19th at 5:30 p.m. and 7:30 p.m. Program Account Executives will cover topics such as asset allocation, risk tolerance, catch-up deferrals and withdrawal options.

Individual questions will also be addressed after the workshop. Due to the large number of anticipated attendees, we will be unable to perform detailed individual account reviews at the workshop. Program participants are welcome to bring a spouse or a co-worker to learn more about the Program. Space is limited. Please call 1-877-644-6457 or reply to this email with your full name, daytime phone number, seminar time you wish to attend and number of attendees to register for either workshop. Location: Holiday Inn Akron - West 4073 Medina Road Akron, OH 44333 Click here for a map of the location.

Account Executives are Registered Representatives of Nationwide Investment Services Corporation, member FINRA. Neither the Ohio Plan nor the Account Executives offer tax, legal or investment advice.
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October Board News

The text below is reprinted from the news release by STRS on 10/18/2013. You'll note the pension funding ratio improved to 66% but is still well below where it needs to be even after strong recent market returns and pension changes. Teachers don't be surprised if additional future changes in the form of benefit reductions of some form are required. --- Annual Actuarial Valuation Shows Improvement in STRS Ohio Funding; Consultant Provides Guidance on Funding Policy At its October meeting, the State Teachers Retirement Board received a report of the annual pension valuation results from its actuarial consultant, Segal Consulting. The report provides a “snapshot” of the actuarial position of the retirement fund as of July 1, 2013. This is the first valuation completed using the new benefit structure resulting from the passage of pension reform legislation last fall. Segal’s report this year shows the funding period for the pension fund decrea...

November Board News

(The text below is reprinted from the news release by STRS on 11/18/11.) ORSC Chooses Pension Trustee Advisors to Review Pension Reform Plans At its Nov. 16 meeting, the Ohio Retirement Study Council (ORSC) heard presentations from three firms vying for the opportunity to advise the Council on the pension reform plans currently in pending legislation (S.B. 3 and H.B. 69). Following the presentations and question-and-answer sessions with each firm, the ORSC unanimously selected Pension Trustee Advisors (PTA) to conduct the review. The Council questioned whether the three senior principals proposed to lead the project would be sufficient to accomplish all of the work, but the firm addressed this concern to the satisfaction of Council members. The PTA partners said they have no ongoing long-term contracts and will be able to focus their work on the Ohio pension funds. They said they expect to be able to complete their work by July to meet the ORSC's timeline. PTA referred to prior...

STRS Ohio June Board News

Retirement Board Approves Health Care Premiums For 2018; Approximately 80% of Enrollees Will See No Premium Increase At the June meeting of the State Teachers Retirement Board, the board approved 2018 premiums for all plans offered through the STRS Ohio Health Care Program. A complete list of these premiums is posted on the system’s website , or can be obtained by calling STRS Ohio’s Member Services Center toll-free at 888‑227‑7877. Additional information about the 2018 Health Care Program will be provided in upcoming newsletters and on the STRS Ohio website. In late October, all plan enrollees will receive personalized health care plan information in preparation for the fall open-enrollment period that extends from Nov. 1‑21, 2017. When determining premiums, the Retirement Board and STRS Ohio staff consider the claims experience of plan enrollees, annual health care cost trend rates and administrative expenses for the program. Factors that proved favorable for 2018 rate setti...

Kevin Kroskey's Ohio Faculty Advisor