Tag Archives: OPERS

Review your info, preferences in online account

The Ohio Public Employees Retirement System recently sent notices to some of our active and inactive members who have not updated their beneficiaries in five or more years. This is a good reminder for all OPERS members to update all … Continue reading

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Under-65 health care plan approved for 2016

Participants in the Ohio Public Employees Retirement System’s health care plan for retirees under 65 will face some increased costs in 2016 as the system adjusts to pending federal rule changes. Medical-plan deductibles, out-of-pocket costs and copays will rise, as … Continue reading

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List of Connector insurers taking shape

Beginning in January Ohio Public Employees Retirement System retirees 65 and over may access health care coverage through the OPERS Medicare Connector administered by OneExchange. Several of our retirees have asked us what types of coverage will be available or, … Continue reading

Posted in Connector, Health Care | Tagged , , , | 16 Comments

Health care video addresses re-employed retirees

The Ohio Public Employees Retirement System has released the latest monthly health care chat with OPERS Health Care Director Marianne Steger. In the June video, Steger addresses member questions related to recent OPERS decisions affecting health care for re-employed retirees. You … Continue reading

Posted in Health Care, Re-employed retirees | Tagged , , , | 8 Comments

Unfunded pension liabilities not taxpayers’ burden

Ohioans do not “owe” debts to the Ohio Public Employees Retirement System to pay for the future funding of pensions. We saw a reference to the contrary in the promotion of a newly published book on the generational effects of … Continue reading

Posted in Pensions | Tagged , , , | 3 Comments

New website feature describes mailings

Members of the Ohio Public Employees Retirement System receive important items in the mail from us. We’ve recently introduced a page to our website that explains the reasons for some of this correspondence. The “Got mail? Get answers” section of … Continue reading

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OPERS to make extra deposit in Connector HRAs

The Ohio Public Employees Retirement System will reimburse qualified medical expenses incurred through the OPERS Medicare Connector beginning in January. In order to make the transition flow more smoothly, OPERS will furnish enrolled retirees with an additional $300 deposit to … Continue reading

Posted in Connector, Health Care | Tagged , , | 33 Comments

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

Posted in Benefits, DB plans, Ohio PERS, OPERS, Pensions | Tagged , , , | 3 Comments

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

Posted in Connector, Health Care, Pensions | Tagged , , , | 4 Comments

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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