The state teachers retirement board may offer to members participating in the STRS defined benefit plan the opportunity to also participate in one or more of the benefit options available under an STRS defined contribution plan. A member's contributions to an option shall be credited to an individual account established for the member in the defined contribution fund.
Ohio Rev. Code Ann. § 3307.89
Offering participation in defined contribution plan to members in defined benefit plan
Effective: January 7, 2013; Latest Legislation: Senate Bill 342 - 129th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.