Tag Archives: OPERS

Cost of switching to DC plans can be high

Switching from a defined benefit plan to a defined contribution plan can be a costly proposition for a retirement system, a study indicates. The National Conference on Public Employee Retirement Systems stated last month that defined contribution pension plans are … Continue reading

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Know guaranteed issue rules when choosing a plan

The Ohio Public Employees Retirement System is turning to the OPERS Medicare Connector beginning in January to provide health care coverage for eligible members 65 and older. One of the questions we see often is about “guaranteed issue” – can … Continue reading

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Former OPERS Board of Trustees member dies

Former OPERS Trustee Sharon Downs, who represented the system’s retirees for 15 years, died April 19 following a battle with cancer. Many OPERS trustees, stakeholders and associates had the pleasure of working with Sharon during her tenure as an elected … Continue reading

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OPERS making changes to DC plans

While the primary retirement plan for members of the Ohio Public Employees Retirement System is a defined benefit pension, OPERS also offers two defined contribution-style plans. OPERS has operated the Member-Directed and Combined plans since 2003. After a recent review … Continue reading

Posted in Benefits, Board of Trustees, Member Services, Ohio PERS, OPERS, Pensions | Tagged , | 21 Comments

Multiyear conversions don’t count toward pensions

Defined benefit pension systems typically use the final average salary of their members when determining the retirement benefit. It’s a common misconception that public employees can use years of unpaid time off to significantly boost their final pension amounts. That … Continue reading

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Benefit change notice assistance available

Some members of the Ohio Public Employees Retirement System either have received or soon will be receiving Benefit Change Notices for 2015. We issue these notices when there are federal tax table changes that impact withholdings and thus the amount … Continue reading

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Tax forms available online to OPERS members

Ohio Public Employees Retirement System members who are registered for online access may retrieve their 2014 tax forms online beginning Friday. This feature of the OPERS online account can help members begin to file their taxes. Members can read the … Continue reading

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OPERS rolls out Connector Readiness Kits

The Ohio Public Employees Retirement System will spend much of this year transitioning eligible retirees to the OPERS Medicare Connector, which begins operations in 2016. The preparation gets started this week, with the mailing of our Connector Readiness Kit.

Posted in Connector, Health Care, OPERS, OPERS Medicare Connector | Tagged , , , | 61 Comments

OPERS Member Services had a busy 2014

The Ohio Public Employees Retirement System’s Member Services department is often the best place for our members to gain information about their accounts and answers to their questions about pensions and health care. Member Services employees assist our more than … Continue reading

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OPERS posts schedule for holidays

As a reminder to our members and retirees, the Ohio Public Employees Retirement System will be observing the following schedule around the holidays: We will be closed on Christmas Day and New Year’s Day. Our downtown Columbus offices and call … Continue reading

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