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O HIO P UBLIC E MPLOYEES R ETIREMENT S YSTEM. Introduction to your Ohio PERS membership. O h i o P u b l I c E m p l o y e e s R e t i r e m e n t S y s t e m. Introduction. Who is Ohio PERS?. 10th largest statewide public pension system in the U.S.
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OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM Introduction to your Ohio PERS membership O h i o P u bl I c E m p l o y e e s R e t i r e m e n t S y s t e m
Introduction Who is Ohio PERS? • 10th largest statewide public pension system in the U.S. • Has provided Ohio’s public employees with financial security since January 1, 1935 • Substitutes for Social Security for public employees in Ohio
Introduction Who is eligible to select a plan? • New members hired after January 1, 2003 Who is not eligible to select a plan? • Full time Law enforcement officers • OPERS and other system retirees • New hires that have money on account from prior public service • To inquire about eligibility please call 1-866-OPERS-4-U
Introduction When do you need to select a plan and enroll? • 180-day enrollment period • Enrollment period begins on the date employment begins • Selection applies to all OPERS covered employment
Introduction You have three OPERS Retirement Plan to select from • The Traditional Pension Plan • The Member-Directed Plan • The Combined Plan
Compare plans, consider your situation, learn more Select the plan that is best for you Traditional Pension Member- Directed Combined or or Choose OPERS Investment Option(s) appropriate for your investor profile Enroll within 180 days of start date How to Select a Plan Suggested Steps
How to Select a Plan Methods to Enroll • Retirement Plan Selection Form • Complete form in Retirement Plan Selection Kit and mail in envelope provided • Website • Secure website connection at www.opers.org • Personal Identification Number (PIN) required • Click on MBS login under "quick links" and select "register now" to request your PIN • Phone • Call 1-866-OPERS-4-U (1-866-673-7748) • Personal Identification Number (PIN) required
Resources Available Learn More About the Plans • Retirement Plan Selection Kit • After receipt of your Personal History Record Form-A, • a kit will be generated and mailed to address on file. • “How to Select Your OPERS Retirement Plan” seminars • Attend the ‘How to Select’ seminar before you receive • your Selection Kit - Register online or by phone • Web resourceswww.opers.org • Use Plan Comparison Wizard under ‘Retirement Planning’ • OPERS Help Line (1-866-OPERS-4-U) • Representatives are available weekdays from 8:00 to 6:00 to • to answer your questions
OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM Introduction to your Ohio PERS membership updated August 2003 O h i o P u bl I c E m p l o y e e s R e t i r e m e n t S y s t e m