A former member who has previously terminated employment with a participating employer of OPERS and has withdrawn his or her contributions may restore service credit lost due to a withdrawal of contributions. The former member must meet the eligibility requirements for membership, and on becoming a member of OPERS again, may pay OPERS the sum of the accumulated contributions withdrawn plus interest at ten percent (10%) per year. This repayment will entitle the member to the service credit he or she would have received if there had never been a withdrawal of contributions.
Reinstatement may be made one time only. Any further withdrawals cannot be repaid. The employee’s payment to this System may be in a lump sum or through a payroll deduction for up to 60 months (see Installment Payment Plan).