Turning points can affect your pension

Life Events section of OPERS website there to help when changes occur 

By Michael Pramik, Ohio Public Employees Retirement System

Aug. 29, 2018 – While you’re working as an OPERS member, or after you retire, your life likely will change, and sometimes in significant ways. These developments can affect your retirement benefit, so you need to know how to respond.

We’ve designed the new Life Events section of the OPERS website to guide you through many of the decisions you might have to make during and after your public service career.

Live Events contains helpful links and tools you’ll need as an OPERS member. Let’s look at some of the sections to see what you can reference through Life Events. Refer to the website for more information.

  • Beneficiaries: You’ll need to choose a beneficiary for your retirement benefit, someone who will receive either a lump-sum refund or monthly benefits in the event of your death. This section of the website helps you designate a beneficiary or make changes.
  • Divorce, dissolution or annulment of marriage: The rules in place regarding these events can have a significant impact on your retirement benefits.
  • Turning 65: This section gives you the lowdown on Medicare benefits.
  • Returning to work: If you retire and want to become re-employed, check out this section for particulars about where your money goes and how health care works.
  • Death of a member: This section is for caregivers and survivors, to let them know how to contact us and what will happen next.

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

6 thoughts on “Turning points can affect your pension

  • August 29, 2018 at 1:01 pm
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    Could you send me by mail a copy of when a members dies, how the survivors can contact OPERS and what they should do. Thank you

    Reply
    • August 30, 2018 at 11:00 am
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      Please call us at 1-800-222-7377 and a member of our staff would be happy to help you.

      Julie, OPERS

      Reply
  • August 29, 2018 at 1:13 pm
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    Is there a option for remarried since retirement members to change their benefits to leave a percentage for their spouse. I was a widow and remarried.

    Reply
    • August 30, 2018 at 12:49 pm
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      If you are receiving a survivor benefit or a joint and survivor benefit as a spouse of the original member, getting remarried later on will not disqualify you for the benefit.

      Julie, OPERS

      Reply
  • August 30, 2018 at 8:31 am
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    I am the OPERS employee in our family. When I die my retirement pension will go to my husband. My question is if he would remarry would he lose my monthly benefit?

    Reply
    • August 30, 2018 at 12:51 pm
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      No, Susan. If your husband is receiving a survivor benefit or a joint and survivor benefit as a spouse of the original member, getting remarried later on will not disqualify him for the benefit.

      Julie, OPERS

      Reply

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