Essential information on pension benefits

What’s the difference between unreduced and reduced amounts?

By Michael Pramik, Ohio Public Employees Retirement System

Oct. 12, 2017 – When OPERS members retire, they receive a monthly benefit based on a formula that considers final average salary and the amount of service credit they’ve earned.

Retiring according to our regular schedule means retiring with an unreduced benefit. However, members can retire early and collect a reduced benefit. What’s the difference? This video, part of our Essentials series, explains it and shows what can happen if you work longer to achieve an unreduced benefit.

You can view all of the OPERS Essentials videos on our YouTube channel.


Michael Pramik

Michael Pramik is communication strategist for the Ohio Public Employees Retirement System and editor of the PERSpective blog. As an experienced business journalist, he clarifies complex pension policies and helps members make smart choices to secure their retirement.

Michael Pramik

Communication Strategist

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