Selecting Your Plan
How to Select your OPERS Retirement Plan
Motion Graphic: Planning for Your Future
Watch this video to learn more about OPERS and the three retirement plans from which you can choose.
Step 1: Do any of the following apply to you?
If so, click on the question to view information about how it might affect your decision. If you need more information please call 1-800-222-7377 to schedule a counseling session with an OPERS representative.
Do you have service credit you can purchase?
Do you plan to work in an OPERS-covered law enforcement or public safety position?
Do you work seasonally or intermittently?
Do you have service with or plan to retire from another Ohio retirement system?
Service credit earned with SERS or STRS cannot be combined with contributing months in the Member-Directed Plan or service credit in the Combined Plan.
If you have service with the Ohio Police and Fire Pension Fund (OP&F), Highway Patrol Retirement System (HPRS) or the Cincinnati Retirement System (CRS) that you would like to transfer to OPERS, the service may be transferred only to the Traditional Pension or Combined Plan (see Purchased service credit under the Traditional Pension and/or Combined Plans only in the Benefits of Membership Handbook). However, the service impacts benefit calculations differently in the Traditional Pension Plan and the Combined Plan. If you are eligible to receive a retirement or disability benefit from another Ohio retirement system, you have an important consideration to make when selecting your OPERS retirement plan.
If you are working in an OPERS-covered position and receiving a retirement or disability benefit from another Ohio retirement system, state law requires you to contribute to the OPERS Money Purchase Plan. Therefore, if you select the Member-Directed or Combined Plan and later begin receiving a benefit from another Ohio retirement system and contributing to the OPERS Money Purchase Plan, you will have two separate plans with OPERS and your service credit cannot be aggregated between the plans to determine your benefits.
In addition, a monthly administrative fee of $5 will be charged on your defined contribution account in the Combined or Member-Directed Plan, regardless of balance (even if you continue working and contributing to the Traditional Pension Plan). This fee is subject to change. The OPERS Board of Trustees will review the fees annually and make adjustments in future years as necessary.
Step 2: What is your preferred method of education?
You can choose to attend a live, interactive webinar, or watch a recorded presentation.
For help deciding which OPERS retirement plan is best for your career and retirement goals, participate in a How to Select Your OPERS Retirement Plan webinar. This presentation is for new members within their 180-day enrollment period.
This live and interactive webinar will provide you with:
- An overview and comparison of the three retirement plans
- Additional education and resources to help you select a plan
- A chance to have your questions answered by OPERS staff, and you can learn from other participants' questions
- Register: How to Select Your OPERS Retirement Plan Webinar
- View & Print: How to Select Your OPERS Retirement Plan handout
This is the same presentation offered in the Webinar. Because it's recorded, you won't have the opportunity to ask questions, but you can view it any time at your convenience.
Additional resources for selecting your plan
- Review the Plan Selection Workbook
- Call the OPERS Help Line at 1-866-673-7748 from 8 a.m. to 4:30 p.m.
Step 3: Register for an Online Account and Choose Your Plan
Once you feel knowledgeable about your choices and confident in your decision, you'll need to register for online access to select your plan.