Three plans for pensions
Our members can choose more than one path to a secure retirement
By Michael Pramik, Ohio Public Employees Retirement System
Sept. 5, 2018 – OPERS offers our members a choice of three pension plans. Find out how each plan works in this new OPERS Essentials video.
We offer a defined benefit plan called the Traditional Pension Plan, a defined contribution plan called the Member-Directed Plan, and a hybrid that combines features of each of them in the Combined Plan. The video gives a short explanation of how each one operates. For more information, visit the Selecting Your Retirement Plan section of the OPERS website.
The OPERS Essentials series is a collection of short, informative videos on topics we’re frequently questioned about. You can find more on our YouTube channel.
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.
2 thoughts on “Three plans for pensions”
If I work at a library that is state funded in Ohio, it appears that I might be eligible for OPERS. However, I will come on board at 20 hours a week. Will I be eligible for OPERS? And what benefits would I be allowed?
Yes, you should be eligible for membership into OPERS. Please call us at 1-800-222-7377 to confirm. Also, we have a section on the website for new members that you will find useful at https://www.opers.org/members/whatisopers.shtml.