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OPERS is the state retirement program for staff and librarians.
The Ohio Public Employees Retirement System (OPERS) is the retirement plan system available to staff. Eligible staff and librarians will be enrolled in OPERS unless they choose the Alternative Retirement Plan (ARP). Staff and librarians who are not eligible to enroll in the ARP will automatically be enrolled in OPERS.
Staff contribute 10% of their salary each pay period to the retirement plan, which is deducted on a pre-tax basis. The university also contributes to the staff member's retirement plan at a rate of 14% of his or her salary.
Law enforcement employees contribute 13% of their salary each pay period to the retirement plan, which is deducted on a pre-tax basis. The university contributes at a rate of 18.10% to the law enforcement employee's retirement plan.
Ohio Revised Code Section 3305.6(d) allows OPERS to withhold a portion of the employer's contribution to offset any negative financial impact the OPERS Traditional Plan may experience by the offering of alternative retirement plan options. This is called the mitigating rate. More information is available at the OPERS site.
If enrolling in OPERS, you have 180 days from your eligible appointment date to elect enrollment in one of the three OPERS plan options.