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Ment Program Choices for Staff THINGS YOU SHOULD KNOW As a staff member of The Ohio State University, you are required to participate in one of the following university public retirement systems: The Ohio State University Alternative Retirement Plan (ARP) Ohio Public Employees Retirement System (OPERS) Ohio State employees do not contribute to social security. You have 120 days from, and including, the effective date of your eligible appointment to enroll in either ARP or OPERS (you m.
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Sras FAQ
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Established in 1935, the Ohio Public Employees Retirement System provides pension benefits and health care coverage to retired public employees in Ohio. We're the largest of five public, state-affiliated pension systems in Ohio, and the 12th-largest such entity in the United States.
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If you are eligible for Social Security benefits and are receiving a retirement benefit from OPERS, your Social Security benefits may be affected by the Government Pension Offset or the Windfall Elimination Provision.
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Planning Your Financial Future: Ohio Public Employees Retirement System (OPERS) is an excellent pension offered to state employees. This pension consists of 10% of an employee's paycheck going into the pension each pay, with the employer matching 14% of the paycheck.
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There are actually 3 different types of retirement: Traditional retirement. Semi-retirement. Temporary retirement.
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The Ohio Public Employees Retirement System (OPERS), one of two state-mandated retirement programs, was established to provide a secure retirement for Ohio's public employees and their families. Staff, post-doctoral researchers and interns are eligible to participate in an OPERS plan.
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*The unreduced benefit is your full benefit. You may retire early with a reduced benefit. **Members must have at least five years of contributing service credit, while earning the minimum required salary, to earn an OPERS pension.
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The Ohio Alternative Retirement Plan (ARP) is a 401(a) retirement plan offered to specific groups of employees of Ohio's public universities as an alternative to the Ohio State Teacher Retirement System (STRS) and the Ohio Public Employee Retirement System (OPERS).
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*The unreduced benefit is your full benefit. You may retire early with a reduced benefit. **Members must have at least five years of contributing service credit, while earning the minimum required salary, to earn an OPERS pension.
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