Skip to main content

Ohio Deferred Compensation Informational Program

Image
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


-----------------------
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.
---------------------
By

Popular posts from this blog

STRS Ohio June Board News

By
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...
Read more

STRS Ohio December Board News

By
CliftonLarsonAllen Completes Fiscal 2017 Annual Financial Statement Audit and Issues Clean Opinion At the December meeting of the State Teachers Retirement Board, CliftonLarsonAllen reported the results of its audit of the STRS Ohio financial statements for the fiscal year ending June 30, 2017. The report showed that the retirement system’s financial statements were fairly stated in accordance with generally accepted accounting principles and that no material weaknesses in internal controls or instances of noncompliance were found. As a result, STRS Ohio received an unmodified opinion — also known as a “clean” opinion — which is the highest level of opinion that an organization can achieve. STRS Ohio’s financial statements are included in the 2017 Comprehensive Annual Financial Report , which will be posted on the system’s website by Dec. 29, 2017. In addition to the financial statements, the report includes investment, actuarial and statistical information about STRS Ohio. This repor...
Read more

January Board News

By
( The text below is reprinted from the news release by STRS.) Board Discusses Options to Reduce Amortization Period for the Pension Fund During the State Teachers Retirement Board’s annual retreat, board members reviewed several options to reduce the retirement system’s funding period. Ohio law requires the statewide retirement systems to amortize unfunded liabilities over a period of not more than 30 years, otherwise they must submit a board-approved plan to the Legislature to reduce the funding period to 30 years. STRS Ohio’s current funding period is 40.2 years. Pension reform laws passed in 2012 reduced STRS Ohio’s accrued liabilities by $15.7 billion and improved the system’s funded ratio to 66.3% from 56.0%. These reforms also reduced the retirement system’s funding period from infinity — but have not yet resulted in a 30-year amortization period. The board-approved plan to reach the 30-year target is due to the Ohio Legislature Feb. 21. During the funding discu...
Read more