Message from Dan MacDonald to Bill Neville and STRS Board: Am I missing something?

From Dan MacDonald

April 29, 2023 

So why am I confused?  In 16 days,  the average STRS pension benefit goes from $46,000 to $69,000?  Am I missing something?   

Dan MacDonald, Executive Director, 279R

April 29, 2023 

The Real Story [Part 2] April 12, 2023  STRS E Update

FACT 1:

The average new STRS Ohio retiree receives an annual pension benefit of about $46,000.*

The average new OPERS retiree receives an annual pension benefit of about $31,000.**

The average new SERS retiree receives an annual pension benefit of about $18,000.*

*Defined benefit plan participants in fiscal year 2022

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The Real Story [Part 3] April 28, 2023 STRS E Update

FACT 1:

These new STRS Ohio retirees receive on average an annual pension benefit of about $69,000.*

The median annual pension benefit — meaning half of these new STRS Ohio retirees receive a lower pension benefit and half receive a higher pension amount — is $65,000.*

*All figures are from fiscal year 2022.