If I send contribution payments via ACH or wire transfer, can I receive a wire transfer back for a negative payroll report?
While STRS Ohio can handle negative payroll reports, we are unable to process automatic wire transfers back to employers at this time. If an employer transmits a negative payroll report, the contribution payment due with the next payroll may be adjusted by subtracting the negative amount, or STRS Ohio can issue a check to the employer. • I understand that payroll reporting was created so that teachers who elect the Defined Contribution Plan or the Combined Plan would have their member accounts updated on a timely basis. If none of the teachers at my school select the Defined Contribution Plan or the Combined Plan, do I still need to send payroll reporting? Yes. All teachers who are new STRS Ohio members have the right to elect the Defined Contribution Plan or the Combined Plan. Even if none of your existing teachers select the Defined Contribution Plan or the Combined Plan, it is likely that new STRS Ohio members will select one of these plans. By asking for payroll reporting for all t
