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2018 Legislation 

The following is a description of the 2018 legislation affecting members of retirement systems administered by OPERS.

House Bill 1340 (Rep. Randy McDaniel and Sen. Greg Treat)
Effective October 1, 2018

This bill provides a one-time stipend for members of OPERS who have been retired for five years as of October 1, 2018. The stipend is based on the funding level of the system. OPERS members will receive the lesser of 2% of their gross annual retirement amount or $1,200. Retirees with a minimum of 20 years of service will receive a payment of at least $350. This stipend will be paid in October. 

To read HB 1340, click here.

House Bill 2516 (Rep. Randy McDaniel and Sen. Adam Pugh)
Effective November 1, 2018

OPERS requested this bill to clarify certain plan provisions. 

  • This bill allows OPERS to bill employers for actual months of sick leave after rounding was eliminated for members who joined the system on or after November 1, 2012. Current language only allows OPERS to bill employers when sick leave rounds an employee up to an additional years of service.   
  • The bill clarifies language regarding early retirement for elected officials. Current language regarding early retirement conflicts with the eligibility for normal retirement.  

To read HB 2516, click here.

Senate Bill 527 (Sen. Gary Stanislawski and Rep. Randy McDaniel) 
Effective November 1, 2018

A statewide elected official or legislator who is first elected or appointed on or after November 1, 2018, and who has participating service in the OPERS defined benefit plan prior to November 1, 2015, shall be a member of the defined benefit plan.  

To read SB 527, click here.

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