What kind of retirement plan is opers




















Note: Eligible members will have three opportunities to change their retirement plan based on the following guidelines:. PERS or visit opers. Voya's myOrangeMoney tool can help you answer those questions. This interactive tool, now available to you, can help you plan for retirement. Certain factors such as annuity factors and contribution rates have been customized for your plan. Skip to Main Content. Southern State Community College. Search Wright State. Coronavirus Right Here. Right Now.

Wright State. The three plans are the: Traditional Pension Plan: Retirement, disability, and survivor benefits are determined by formulas using the employee's age, service credit, and final average salary Member-Directed Plan: Retirement benefits are determined by the value of the account, including investment earnings, which the employee accumulates Combined Plan: Retirement, disability, and survivor benefits are combined with some elements of the other two plans OPERS has made available an online Plan Selection Workbook , a New Hire video and a Pension and Healthcare Eligibility Guide to give an overview of the benefits provided by each of the three plans.

If you get hurt on the job or become unable to work, the Traditional Pension Plan offers disability benefits and a Rehabilitative Services Program. The Rehabilitative Services Program is designed to help you return to wellness and seek employment. Survivor benefits are available through the Traditional Pension Plan to provide income for your family should you pass away. Register for, or log into, your online account to use the Benefit Estimator.

This tool is pre-populated with your personal information from the OPERS database so you can run benefit estimate scenarios yourself, based on your specific situation.



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