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This site is intended as an informational tool only. It does not constitute a plan document or summary plan description.

OPERS reserves the right to correct any errors contained herein. For additional information please review our complete disclaimer for content on the OPERS web site.

Most OPERS members have a choice of retirement benefit computation factors. The 2.5% Step-Up Program allows members to increase their retirement benefits by paying an additional member contribution each pay period. Currently, that additional contribution is 2.91% of your compensation and is subject to change.

The additional Step-Up contributions are used to increase the computation factor when benefits are calculated. The standard retirement benefit calculation for most OPERS members uses a benefit computation factor of 2%. The Step-Up will increase your computation factor to 2.5% on full years of participating service you accrue after your election to participate.

Keep in mind, this election is binding on all future participation in OPERS, including a change in position, a break in service, or returning to OPERS participating employment after retiring or having withdrawn retirement contributions from previous periods of employment.

Not all members are eligible for the 2.5% Step-Up, and those who are should weigh many factors before making this irrevocable election..

For more information about the program, click here to download our Step-Up brochure.



Last Revised - November 10, 2016

 

 

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