RH Jones: Employer remittance at OPERS

From: RH Jones
Sent: Saturday, December 10, 2005
Subject: Employer Remittance at OPERS

To all:

In the OPERS publication OPERtunities, serving their benefit recipients, Fall 2005, page 5 mentions:

Employers will be required to remit contributions on a monthly basis rather than quarterly. This provision should help reduce late payment penalties and provides for adjustments to mitigate the adverse effect on employers.

My thinking is: If it's good for OPERS, it should be good for STRS OH. And it will also be good for the school district employers. Both the STRS and the employer win. STRS wins by having the contribution to invest sooner, and the employer has reduced late penalties and mitigation of adverse effects.

RHJones, an STRS OH benefit recipient