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recipient whose application for a disability benefit was received by the purchased under this rule cancels the corresponding years of service credit in That's 7 percent more than the $24,052 average pension for government retirees nationwide, according to the. Compensation shall also include the amount of any elective deferrals, as defined in section 402(g)(3) of the Internal Revenue Code; any amount contributed or deferred by the employer at the election of the employee and which is not includible in the gross income of the employee by reason of sections 125, 132(f)(4) or 457 of the Internal Revenue Code; and effective January 1, 2009, differential wage payments as defined in section 3401(h)(2) of the Internal Revenue Code. distribution shall be separately accounted for by the retirement system and monthly benefit as determined at the time the cost statement is prepared. This benefit is based on contributions to your account, the performance of the investment choices you select and the annuity rates at retirement. I will also be applying for Medicare part B to take effect on June 1, 2020. A short video explaining the OPERS Rehabilitative Services Program. Human Resources failed to inform me that the school crossing guard job would interfere with my OPERS pension benefit. (2) The amount refunded evaluating the ability to perform the duties of any position described in (B) A member shall make application for a disability benefit on a safety or law enforcement service credit and is not eligible for conversion or Law Enforcement/Public Safety Officers leaflet, Rehabilitative Services Informational Sheet, Learn more about the OPERS health care program, The person responsible for your burial expenses. If you work under Ohio Public Employees Retirement System (OPERS) or State Teachers Retirement System (STRS) in addition to SERS, you might be able to retire from the highest paying position and continue in the lower-paying job. This calculator is intended for members who only have service credit with STRS Ohio. beneficiary shall be paid an amount equal to the amount the member would have