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If I elect the STRS Ohio Defined Contribution or Combined Plan now and switch to the STRS Ohio Defined Benefit Plan following my fourth anniversary, how will my account be affected?

April 26, 2017combined contribution defined if i my account Ohio Plan STRs Switch

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If I elect the STRS Ohio Defined Contribution or Combined Plan now and switch to the STRS Ohio Defined Benefit Plan following my fourth anniversary, how will my account be affected?

1 Answer

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10 Posted

STRS Ohio will create a Defined Benefit Plan account for you as if you had elected that plan originally. The Defined Contribution or Combined Plan accounts — and any accompanying gains or losses — are absorbed by the Defined Benefit Plan.