What does STRB mean in EDUCATIONAL

The purpose of the State Teachers Retirement Board (STRB) is to ensure that public school teachers in the state receive secure, timely pension benefits decades into their retirement. It also provides financial planning assistance, educational resources and other services to support teachers and their families.

Yes, STRB offers several health insurance options for retired teachers through its Comprehensive Health Insurance Plan program. This includes medical, dental, vision and prescription drug coverage.

In order to become a member of the State Teachers Retirement Board you must have worked as a teacher for five years in a public school or community college in the state. You will then be eligible for membership and access to STRB benefits.

STRB offers several investment options for members, including stocks, bonds, mutual funds and annuities. These are carefully managed by experienced financial advisors to help meet your individual goals.

Yes, usually both you and your employer contribute money towards your account with the State Teachers Retirement Board. Contributions are generally made on a bi-weekly basis and matched according to predetermined rates set by your employer's contract with STRB.

The State Teachers Retirement Board has implemented an inflation protection system which increases pensions annually according to changes in prices due to inflation from year-to-year. That way you can rest assured that your pension will maintain its value over time.

Generally speaking anyone who meets eligibility requirements can begin receiving retirement benefits from STRB at any age after becoming vested - typically five years of service once they turn 55 years old or older depending on their date of hire.

Yes - while all members must elect one form of payment method at first — usually via direct deposit — you can switch later if needed among various payment methods such as check or preloaded debit card even annuity payments if desired subject to certain conditions.

Yes — your former employer may need confirmation that you are eligible for contributions towards your State Teacher's Retirement account before doing so. In such cases contact STRB or approach your current or former HR representative for more information.