Contributions and Due Dates

Contributions

The employee’s contributions are deducted from the employee’s compensation, and the employer remits a separate contribution, called the employer contribution.

The employee contributions should be withheld from the employee’s payroll during each payroll period in an amount equal to the current contribution rate, which is set by the Board. The employee contribution rate is currently 10%. The employer contribution rate is 14%.

Per pay contributions are to be remitted to SERS no later than five business days from the pay date. It is important to remit contributions promptly and accurately. Failure to do so may result in the accural of penalties. Employee or survivor benefits are dependent on accurate compensation information reported to SERS.

Due Dates

Payments for employee contributions are to be remitted to SERS no later than five business days from the pay date.

Payment of employer contributions for employers not using the Ohio Department of Education and Workforce’s (DEW) Foundation Program also are to be remitted to SERS no later than five business dates from the pay date.

Payment of employer contributions for employers using the DEW’s Foundation Program are always considered on time.