Members will need to earn $630 for full month’s credit
The minimum amount that members of the Ohio Public Employees Retirement System must earn each month to qualify for full service credit is increasing in 2017.
The minimum earnable salary for a full month of service credit will increase from $600 per month to $630 per month next year. The minimum earnable salary will increase another 5 percent, to $660 per month, in 2018. Members can earn partial service credit for a given month if they earn less than these amounts.
These changes stem from a provision passed in our 2012 pension legislation bill that ties minimum earnable salary to raises for township trustees. The minimum earnable salary has not increased since it was set in 2012.
The minimum earnable salary for health care will remain at $1,000, and there is no partial credit given for health care eligibility.