Essential information on payment plans
Video explains how retirees can receive their benefits
By Michael Pramik, Ohio Public Employees Retirement System
Oct. 5, 2017 – When OPERS members retire, they have a choice of three ways to set up benefit payments. A new OPERS Essentials video explains how these payment plans work.
You can view all of the OPERS Essentials videos 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.
For 2018 social security will be getting a 2% cola on their current balance.
Because opers gives cola on original benefits, most retirees have fallen below 2% when considering current benefits. So most retirees will be getting a smaller cola as a percentage than social security..just saying .