Minimum earnable salary set to increase

Members will see legislation-linked hikes throughout the decade

By Kristen Dohrmann, Ohio Public Employees Retirement System

July 31, 2019 – The minimum amount that members of the Ohio Public Employees Retirement System must earn each month to qualify for full service credit will be increasing by 1.75 percent each year beginning in 2020, through 2029.

The minimum earnable salary for a full month of service credit will increase from the current level of $660 per month to $673.08 per month next year. Members can earn partial service credit for a given month if they earn less than these amounts.

Here’s a schedule of the increases in the minimum earnable salary through 2029:

YearSalary
2020$673.08
2021$684.86
2022$696.84
2023$709.03
2024$721.44
2025$734.07
2026$746.91
2027$759.99
2028$773.29
2029$786.82

 

 

Kristen Dohrmann

Kristen Dohrmann is a senior communications specialist with the Ohio Public Employees Retirement System. Kristen is responsible for active member communications including the quarterly member newsletter, OPERS News. She has more than 10 years of experience as a communicator in the public sector.

Kristen Dohrmann

Senior Communication Specialist

5 thoughts on “Minimum earnable salary set to increase

  • July 31, 2019 at 12:49 pm
    Permalink

    Is there any update on the Social Security Windfall that a new calculation is being considered?

    Reply
    • August 4, 2019 at 2:12 pm
      Permalink

      There are no new updates at this time. We continue to advocate for the reform of GPO and WEP in Congress.

      Reply
  • July 31, 2019 at 1:10 pm
    Permalink

    Is it possible to get more money in my monthly check? I have been retired since 2012, February 29.

    Reply
    • August 4, 2019 at 2:11 pm
      Permalink

      Your pension is based on a formula that includes years of service and final average salary at retirement.

      Reply
  • July 31, 2019 at 4:24 pm
    Permalink

    Sounds reasonable.

    Reply

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