Benefit-Eligible Faculty, Classified, & Unclassified Administrative Staff

Benefit-eligible faculty, classified and unclassified administrative staff have the opportunity to participate in either the State Teachers Retirement System of Ohio (STRS - faculty) or the Ohio Public Employees Retirement System (OPERS - classified and unclassified administrative staff) or elect instead to enroll in an Alternative Retirement Plan (ARP).

•  ARP/STRS Highlights Chart
•  ARP/OPERS Highlights Chart
•  Retirement Vendors List
•  Retirement Plan Election Form - must be completed within 120 days of hire date
•  ARP Vendor Change Form
•  Notice of Mitigating Contributions for ARP participants - July 2007
•  Notice of Mitigating Contributions for ARP participants - February 2008

Ohio Public Employees Retirement System (OPERS) www.opers.org

Ohio State Teachers Retirement System (STRS) www.strsoh.org

All other Faculty and Classified and Unclassified Administrative Staff

Faculty, classified and unclassified administrative staff employed less than 32 hours per week, nine months per year are required to participate in either the State Teachers Retirement System of Ohio (STRS-Faculty) or the Ohio Public Employees Retirement System (OPERS-classified and unclassified administrative staff). Such employees do not have the option to participate in the Alternative Retirement Plan

Tax Deferred Annuities
Annuity Vendors List

All employees are eligible to contribute to a tax deferred annuity while employed at Miami University. Miami offers a 403(b) plan and a 457 plan.

What is a tax deferred annuity?

A salary reduction plan where contributions and investment earnings grow tax deferred until withdrawal, at which time they are taxed as ordinary income. Employees lower their taxable income while working, while increasing their retirement savings. Accounts can be set up and contributions can be changed or stopped at any time. Contact one of the vendors listed to get started.

Retirement Forums
Next Forum is September 10, 2008

Held quarterly, Retirement Forums are set up to help employees compare key features of OPERS, STRS and the ARP In addition, information is provided on the voluntary tax-deferred accounts, 403(b) and 457 plans.

Retirement Preparation Sessions

Held monthly, these sessions are for employees nearing retirement. Click on the link for a complete schedule. Click here for schedule.