The Traditional Pension Plan is a defined benefit plan.
OPERS manages the investment of both your member and employer contributions.
Your retirement income is based on a formula that includes your years of service credit and your final average salary. Under the Traditional Pension Plan, the minimum age and service eligibility requirements for each retirement group are as follows:
The Member-Directed Plan is a defined contribution account.
You decide how your member and employer contributions are invested.
Your retirement income is based on your individual account value.
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