Ohio State Teachers' Retirement System , Columbus, hired Nationwide...

Ohio State Teachers’ Retirement System, Columbus, hired Nationwide Retirement Solutions as record keeper and administrator of its new defined contribution plan, scheduled to open in July. The new plan’s nine investment options each will be a "unitized portion of our defined benefit plan,” said Robert Slater, deputy executive director and chief financial officer. New employees and employees with less than five years of service will have the option of joining the existing $55 billion defined benefit plan, the new plan or both, in which case members’ contributions will be placed in the defined contribution plan and employer contributions, in the defined benefit plan.