Essential information on refunds
Video details this process for those terminating employment
By Michael Pramik, Ohio Public Employees Retirement System
Sept. 15, 2017 — OPERS offers members who terminate public employment an opportunity to receive a refund of the contributions they made while they were members. A new OPERS Essentials video explains how this refund process works.
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.
If you are receiving opers disability can you withdraw your retirement lump sum without affecting your disability payments?
Ms. Sparks,
Under OPERS’ disability rules, you cannot take a lump sum payment without the consequence of terminating your disability.
Julie, OPERS
How much of my combined plan funds will I receive after I apply for a refund?
Please call us at 800-222-7377 and a member of our staff can provide the specifics of your account.
Julie, OPERS
Once a refund application is submitted what is the typical time frame to receive your funds?
There is a 2-month waiting period from your last day of employment as certified by the employer to process and pay your refund. If after, standard processing and issuance is typically 15-20 business days from the date all requirements are received. Thank you, OPERS