Oxford, Ohio 45056
(513) 529-1950 fax
OPERS contributions to increase for 2006
Non-teaching staff will see increases in their Ohio Public Employees Retirement System contributions in January. The OPERS retirement board has certified employee and employer contribution rates for all local division employers for the Jan. 1-Dec. 31, 2006, calendar year.
It is the first rate increase in almost 30 years, according to OPERS, and it will phase in over three years for employee and employer contributions. Currently, most employees pay 8.5% and Miami pays 13.31% into OPERS. The upcoming changes phase in as follows:
Year Employee % Employer %
OPERS has instituted the increases in a plan to strengthen the solvency of OPERS' health care fund that provides health care benefits for retirees.
Date Published: 11/17/2005