Retiree Medical Account

Under the Member-Directed Plan, a portion of the employer contribution is credited to a Retiree Medical Account (RMA), administered by PayFlex®.

Amounts contributed to the RMA may be used at separation of service for the payment of qualified health, dental and vision care expenses.

Members vest in their RMA based on their years of participation in the Member-Directed Plan and their date of hire or plan change effective date (see charts below).



Hired prior to July 1, 2015
Years of Participation in
Member-Directed Plan
Percentage Vested
0 0%
1 20%
2 40%
3 60%
4 80%
5 100%


Hired on or after July 1, 2015
Plan changes to the Member-Directed Plan effective on or after Aug. 1, 2015
Years of Participation in
Member-Directed Plan
Percentage Vested
0-5 0%
6 10%
7 20%
8 30%
9 40%
10 50%
11 60%
12 70%
13 80%
14 90%
15 100%

Unlike the member's individual account, OPERS will manage and direct the investment of the member's RMA. The RMA interest rate is tied to the annual return of OPERS' pension assets. If investment returns are greater than zero, the interest rate credited to the RMA will be 4 percent; if returns are zero or negative, the interest rate will be zero. The interest rate is credited at the end of each year based on the previous year's ending balance.

Members who separate from OPERS-covered employment and take a distribution of their individual OPERS account will be able to use vested portions of their RMA for the payment of qualified health care expenses.


After claims are approved, you will be paid from your RMA either with a check or with electronic funds transfer. Payments are not sent directly to medical providers.