How Long Do You Have to Work for the State of Ohio to Get a Pension?
State law permits Ohio’s public employers to establish a retirement incentive plan. Such a plan, if established, allows the employer to purchase additional service credit for eligible employees, enabling those employees to retire early or to retire with a larger retirement benefit than they may have otherwise been entitled.
How big is the OPERS pension fund in Ohio?
OPERS serves more than 1 million past and present Ohio workers and had over $94.1 billion in net assets as of the end of 2018. OPERS is the largest pension fund in Ohio and the 12th largest public retirement system in the country.
When do OPERS members have to file for retirement?
OPERS members retiring under the law enforcement division Adoption of a plan does not affect any other provisions of Chapter 145, Ohio Revised Code. An employee must meet appropriate age and service requirements with the purchased credit, file an application for retirement and retire within 90 days.
