Opers forms 2025

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The document is an application form for a refund from the Ohio Public Employees Retirement System (OPERS) Traditional Pension Plan, detailing eligibility requirements, rollover options, tax implications, and necessary personal information. It outlines conditions under which refunds can be requested, including waiting periods after leaving public employment, survivor benefits for dependents, and spousal consent requirements. Additionally, it provides guidance on how to roll over funds to IRAs or other retirement plans and includes a special tax notice regarding OPERS payments.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is early retirement age in Ohio?

Early retirement You can receive Social Security retirement benefits as early as age 62. However, well reduce your benefit if you start receiving benefits before your full retirement age. For example, if you turn age 62 in 2025, your benefit would be about 30% lower than it would be at your full retirement age of 67.

What is the earliest age to retire for OPERS?

OPERS website Plan DetailOPERS Traditional Pension Plan Benefit Eligibility With 5 years of service, you can retire when age and service requirements are met. The benefit amount is based on a formula using your age, years of service credit, and final average salary.6 more rows

Can I retire at 65 or 67?

Early retirement benefits will continue to be available at age 62, but they will be reduced more. When the full-benefit age reaches 67, benefits taken at age 62 will be reduced to 70 percent of the full benefit and benefits first taken at age 65 will be reduced to 86.7 percent of the full benefit.

How long until Im fully vested in OPERS?

Retiree medical account vesting schedule Retiree Medical Account Vesting Schedule (for members hired prior to July 1, 2015) Years of Participation*Percentage Vested 3 Years 60% 4 Years 80% 5 Years 100%3 more rows

Can I withdraw money from my OPERS account?

You can retire and get your FULL benefit at age 55 with 32 years of service or age 67 with five years of service. You can retire with a smaller, REDUCED benefit at age 57 with 25 years of service or age 62 with five years of service. See the full retirement and health care eligibility charts on opers.org.

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Can I retire at 55 with pers?

The minimum retirement age is 50, 52, or 55 years depending on the retirement formula associated to the service credit on your account. Your monthly benefit may or may not increase if you wait to retire.

Opers forms 2025

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