Three plans for pensions

Our members can choose more than one path to a secure retirement

By Michael Pramik, Ohio Public Employees Retirement System

Sept. 5, 2018 – OPERS offers our members a choice of three pension plans. Find out how each plan works in this new OPERS Essentials video.

We offer a defined benefit plan called the Traditional Pension Plan, a defined contribution plan called the Member-Directed Plan, and a hybrid that combines features of each of them in the Combined Plan. The video gives a short explanation of how each one operates. For more information, visit the Selecting Your Retirement Plan section of the OPERS website.

The OPERS Essentials series is a collection of short, informative videos on topics we’re frequently questioned about. You can find more 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

2 thoughts on “Three plans for pensions

  • October 2, 2018 at 3:59 pm
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    If I work at a library that is state funded in Ohio, it appears that I might be eligible for OPERS. However, I will come on board at 20 hours a week. Will I be eligible for OPERS? And what benefits would I be allowed?

    Reply

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