Annual statements now available online

Document estimates retirement benefit, shows value of working longer

By Michael Pramik, Ohio Public Employees Retirement System

March 27, 2025 – Each year OPERS prepares the Annual Statement of Estimated Benefits for our members. The current version is now available to view and print within your online account.

Here’s how to find it: After signing in to your account, click “View My Annual Statement Now” under the Milestone Notifications/Alerts heading on the account home page. Unless you have specifically requested to only receive an electronic statement, you will receive a printed copy in the mail between now and the end of April.

The statement is a snapshot of your estimated benefit as of Dec. 31, 2024, and features estimates beyond your initial eligibility, illustrating the value of working longer. It shows you not only the estimated dollar amount, but also the percentage of your estimated final average salary you will receive if you choose to retire with a reduced or unreduced benefit, or if you continue working a few years longer.

You also can find your OPERS ID on the statement. The OPERS ID is an 11-digit personalized identification method you can use in place of your Social Security number in many instances, such as verifying your identity over the phone and submitting OPERS forms. It will remain with you throughout your entire OPERS membership.

Your statement provides a basic estimate of your retirement benefits and other valuable, personalized information. Also, if you participate in the Traditional Pension Plan, you can always generate a variety of retirement benefit estimates by logging in to your online account at opers.org, 24 hours a day, seven days a week.

We’ve produced a recorded presentation that provides additional information about the annual statement, creating a benefit estimate, and using our “Bridging the Gap to Retirement” tool.

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

4 thoughts on “Annual statements now available online

  • April 8, 2025 at 5:15 am
    Permalink

    Hello. How have the tariffs affected OPERS’ investment portfolio? Thanks.

    Reply
    • April 17, 2025 at 12:43 pm
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      Cheryl,

      Financial markets often react quickly and emotionally to the announcement of tariffs. However, these early reactions are less likely to impact institutional investors such as OPERS, which invest over a period of decades rather than days. OPERS diversifies the investments in its Defined Benefit and Health Care funds with a goal of earning consistent returns over a long-term horizon to mitigate the impact of sudden changes in the economic landscape.

      In November 2024, OPERS enhanced its ability to handle market volatility by approving a 10% allocation to a new Defined Benefit Fund allocation called Risk Mitigation Strategies (RMS). In January 2025, a similar approval and 10% allocation to RMS also was made to the OPERS Health Care Fund. This allocation includes investments that are not closely correlated with equity markets, providing better protection for the portfolios when stock prices decline.

      Reply
    • April 10, 2025 at 6:28 am
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      Tim,

      You can access that form through your OPERS online account. Log in and look under the Notifications panel. Alternatively, contact us at 800-222-7377.

      Reply

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