Your Benefits

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Contact Us

Benefits Department
Scott Park Campus
Academic Services
Suite 1000

Mailing address:
The University of Toledo
Benefits Department
2801 W Bancroft
MS 405
Toledo, OH 43606

Phone: 419.530.4747
Fax: 419.530.1492 benefits@utoledo.edu

Retirement Systems

Eligible full-time employees may enroll in either the State System-State Teachers Retirement System (STRS) for faculty and Ohio Public Employee Retirement Systems (OPERS) for all other staff, or both groups have the option to choose the Alternate Retirement Plan. For OPERS, STRS or ARP Vendor contact information please refer to the following:

*Employer ARP Mitigating Contribution

Retirement System Contributions Effective 7/1/17

Retirement Plan

Employee Contribution

Employer Contribution

STRS

14%

14%

STRS/ARP

14%

14%
(9.53% to Plan, 4.47% Administrative Fee*)

PERS

10%

14%

PERS/ARP

10%

14%
(11.56% to Plan, 2.44% Administrative Fee*) 

 

 

 

 

 

 

 

 

 

 

 

 

Employee contributions are "deducted" by the University from the employee's gross pay and paid directly to the retirement systems, thereby enabling employees to defer current federal and state taxes on this income.

Members of the STRS, PERS, or ARP who leave University employment may withdraw their retirement contributions. The University’s contributions are vested after five years. This means that if the contributions are left on deposit, STRS or PERS members will receive a pension at retirement age. For ARP members, vesting is immediate.

Last Updated: 9/22/17