Retiring from the Traditional Pension Plan
Eligibility Requirements
Retirement eligibility depends on your retirement group (A, B, or C) and whether you want an unreduced or reduced benefit. Generally, you need a combination of age and years of service credit to qualify.
Payment Options
- Single Life Plan — Highest monthly benefit; no survivor benefit
- Joint Life Plan — Reduced monthly benefit with continuing payments to your spouse
- Multiple Life Plan — Reduced benefit with payments continuing to multiple beneficiaries
- Partial Lump Sum Option — Take a portion of your benefit as a lump sum with reduced monthly payments
Health Care at Retirement
Qualifying retirees may be eligible for the OPERS health care program. Your eligibility is based on years of service credit and retirement group. Visit Health Care for details.