The Ohio Public Employees Retirement System had 210,882 retirees at the end of 2017. They're former members who met our age-and-service criteria required to retire.
Know the facts about OPERS' Retirees:
The most-common way to become an OPERS retiree is to meet the age-and-service criteria necessary to retire. These criteria are different depending on which retirement group the member is in. For an explanation of what it takes to retire from OPERS with a pension and eligibility for health care coverage, refer to the Pension and Health Care Eligibility Guide on our website.
OPERS members can go back to work after they retire. We have several specific rules both for working and retaining access to health care coverage as a re-employed retiree. For information, see the re-employment section of the Benefit Recipient Handbook(PDF opens in new tab)
On average, OPERS retirees in the defined benefit plan at the end of 2017:
- Are 57.7 years old at retirement
- Have an average service of 23.1 years at retirement
- Earn an average final average salary of $42,479
- Have an average pension at retirement of $21,016
In 2017 OPERS paid more than $5.8 billion in pension benefits to retirees, 90 percent of whom live in Ohio.