Is Ohio PERS a lifetime benefit?
The Traditional Pension Plan is a defined benefit plan that provides fixed, monthly lifetime retirement benefits. Your eventual benefit is determined by a formula that rewards you for working longer — the more years you work, the bigger your monthly payment.
Can you collect PERS and Social Security at the same time?
Yes. There is nothing that precludes you from getting both a pension and Social Security benefits. But there are some types of pensions that can reduce Social Security payments.
Will my PERS pension affect my Social Security?
How much will my Social Security benefits be reduced? We'll reduce your Social Security benefits by two-thirds of your government pension. In other words, if you get a monthly civil service pension of $600, two-thirds of that, or $400, must be deducted from your Social Security benefits.
How does Ohio PERS affect Social Security?
You don't pay into
As a member of OPERS you do not pay into Social Security. OPERS replaces Social Security for Ohio public employees.