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STRS Ohio Newsletter – October, 2018


News for Benefit Recipients

October 2018

Health Care Program News

Open Enrollment for 2019 Medical Plans Begins Nov. 1
Open enrollment for STRS Ohio’s medical plans is Nov. 1–20. This is the period for benefit recipients to decide if they want to continue coverage or enroll in a new plan for 2019.
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Dental, Vision Enrollment Runs Nov. 1–20
Eligible benefit recipients can enroll themselves or their dependents for the 2019–2020 two-year contract period by using their Online Personal Account or submitting an enrollment application to STRS Ohio by Nov. 20.
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No Premium Increase in 2019 for More Than 90% of Enrollees
Lower than anticipated health care claims during the review period for STRS Ohio’s self-insured plans had a positive impact on the 2019 premiums.
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Online Open-Enrollment Resource Center Available
Accessible on the STRS Ohio website, the center offers enrollment instructions, plan coverage features, premiums, enrollment applications and more.
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Health Care Assistance Program Available
STRS Ohio’s Health Care Assistance Program provides qualifying benefit recipients with medical and prescription drug coverage for no monthly premium.
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STRS Ohio Addresses Concerns About the Cost‑of‑Living Adjustment
The State Teachers Retirement Board’s 2017 decision to reduce the COLA is part of a long-term plan to strengthen the financial condition of the retirement system and there are important facts for members to know about this decision.
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Annual Pension Valuation Report Shared at October Board Meeting
The report provides a detailed look at the financial and actuarial health of the pension fund as of June 30, 2018 (fiscal year end).
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Investments and Financial News

Total Fund Returns +9.57% for Fiscal Year 2018
The fiscal year 2018 return follows returns of +14.29 in fiscal year 2017 and +0.92% in fiscal year 2016. STRS Ohio’s investment consultant continues to call for lower than normal returns over the next decade.
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Fiscal 2019 Budget Reflects 2.2% Increase Over 2018
STRS Ohio’s adopted operating budget for fiscal year 2019 totals about $101.7 million. STRS Ohio’s fiscal 2018 operating expenditures were about $637,000 less than the budgeted amount.
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More News

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State Teachers Retirement System of Ohio
275 E. Broad St., Columbus, OH 43215
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