Additional Benefits Under OPERS Retirement Plans

Below you will find answers to a set of some of the most frequently asked questions about the OPERS' pension plans. Click on the arrows beside the questions to either reveal or hide the answers.

What are the health care benefits offered by the OPERS retirement plans?

Traditional Pension Plan and Combined Plan

OPERS members who retire under the Traditional Pension Plan or the Combined Plan may have access to comprehensive health care coverage, including hospitalization, physician fees and prescriptions, and possibly dental and vision coverage. Both the benefits available and the premium and co-payment amounts are set by the OPERS Board of Trustees and are subject to change.

Member-Directed Plan

For each OPERS member participating in the Member-Directed Plan, a portion of the employer contribution is credited to a Retiree Medical Account (RMA). Amounts contributed to the RMA may be used for the payment of qualified health, dental, and vision care expenses. Members vest in their RMA based on their years of service, as shown on the RMA vesting schedule.

Can you describe the survivor and disability protection offered under each of the OPERS retirement plans?

Traditional Pension Plan and Combined Plan

Survivor Benefits. Your dependents may qualify for survivor benefits if you die. The benefits they receive are based on your years of service credit and the number of qualified survivors. You must have at least eighteen months of full-time service at time of death for your survivors to qualify for these benefits.

Disability Insurance Coverage. Should you become permanently disabled, you will receive a regular monthly benefit. The benefit you receive will be based on your years of service credit and final average salary. You must have at least five years of service credit to be eligible to apply for and receive disability benefits.

Member-Directed Plan

Survivor Benefits. No monthly survivor benefits are available through OPERS. In the event of your death, the vested portion of your individual OPERS account balance is available to your beneficiaries.

Disability Protection. No monthly disability benefits are available through OPERS. However, the vested portion of your individual OPERS account will be available through a refund after your job-related services are terminated.

Which of the OPERS retirement plans include a cost-of-living adjustment (COLA)?

The Traditional Pension and Combined Plans include a COLA. An annual three percent fixed COLA is provided to benefit recipients under those Plans. All benefit recipients who have received benefits for at least 12 months are entitled to the COLA on their annual anniversary date, subject to the limits imposed by the Internal Revenue Code. In the Member-Directed Plan, a COLA option is offered as long as the funds are converted to an OPERS annuity.