by OPERS | Nov 1, 2019 | Uncategorized
The federal Pension Protection Act (PPA) of 2006 was signed into law last year and became effective for the 2007 tax year. The PPA gives an “eligible retired public safety officer” the ability to claim a tax exclusion of up to $3,000 for amounts deducted...
by OPERS | Oct 1, 2019 | Uncategorized
Did you know in 1980 the average cost of a loaf of bread was 50 cents? In 2015, a loaf of bread averaged about $1.98, or nearly a 300 percent increase over the last 35 years. Welcome to the world of inflation. Inflation impacts everyone, whether you are just starting...
by OPERS | Sep 1, 2019 | Uncategorized
The OPERS Board approved emergency rules on August 15, 2019. See the links below for more details. Chapter 10 – Rules and Amendments Chapter 10 – Rule Impact Statement Chapter 40 – Rules and Amendments Chapter 40 – Rule Impact Statement Statutes and...
by OPERS | Sep 1, 2019 | Uncategorized
How are you preparing yourself for retirement? OPERS has develop retirement education seminars for OPERS members. The overarching goal of these programs is to help you be more prepared to maximize your well-being in retirement. Think about that for a moment –...
by OPERS | Aug 2, 2019 | Uncategorized
The Certificate of Achievement for Excellence in Financial Reporting has been awarded to OPERS and the URSJJ by the Government Finance Officers Association (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form...
by OPERS | Aug 1, 2019 | Uncategorized
Most save for retirement in tax-deferred retirement accounts; meaning we delay paying taxes on those dollars until we take distributions in retirement. These dollars accumulate and grow, but they can’t stay tax-deferred forever. At a certain point, you must start...
