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Alternative Retirement Plan (ARP)

ALTERNATIVE RETIREMENT PLAN (ARP)

The Alternative Retirement Plan (ARP), a 401(a) account, is a defined contribution plan in which the employee and employer contribute a defined pre-tax percentage of pay. The employee makes the investment decisions, and those choices determine the amount of investment risk that the employee bears. The account balance consists of contributions made by the employee and the employer, along with the account’s investment gains or losses. The ARP is intended to give employees more portability and control of retirement investments.

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State Teachers Retirement System (STRS)

Employees who participate in STRS have the option to select the Defined Benefits Plan, the Defined Contribution Plan, or the Combined Plan. Details regarding the features of these plans are available in the information packet provided to new faculty members by STRS and on the .

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Ohio Public Employees Retirement System (OPERS)

Employees who participate in OPERS have the option to select the Traditional Plan or the Member-Directed Plan. Details regarding the features of these plans are available in the information packet provided to new employees by OPERS and on the .

OPERS requires contributions from employees of 10% and �Ը�� University may contribute up to 14.0%.

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�Ը�� Graduate Says Hard Work Is the Key to Success

May 2023 �Ը�� graduate Erik Gomez speaks at commencement.

�Ը�� University graduate Erik Gomez, who earned his bachelor’s degree in political science in May, spoke at Spring Commencement about his journey as a first-generation Latino-American student. Gomez, who was active in student government, completed an internship with the U.S. Senate before graduation and is currently working there as a staff assistant. He also was a member of the McNair Scholars Program, which prepares first-generation, undergraduate students, from groups underrepresented in graduate schools, for doctoral study. Gomez said he selected �Ը�� for his education...