Eligibility
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• You are eligible to participate in this plan if you are a full-time new hourly staff member hired in a permanent position
and qualify for health care benefits, or a new administrative staff member with a contract of sufficient duration to qualify
for health care benefits.
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• You are eligible to choose one of the three plans offered by OPERS, if you elect to participate in the state retirement
system.
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• You are eligible to choose one of the three plans offered by OPERS, if you elect to participate in the state retirement
system. If you are covered under OPERSLE, you are only eligible for the Traditional Pension Plan through OPERS
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• You are eligible to choose one of the three plans offered by OPERS, if you elect to participate in the state retirement
system.
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Employee Contributions
(The employee contribution amount is subject to change up to the maximum set by Ohio law [currently 10.0% of pay for OPERS
and 10.1% for OPERSLE.)
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• Your current ARP employee contribution is 10% of your pay. For those in OPERSLE, the current contribution is 10.1% and
that will remain the same for the future. Your employee contribution is made to your ARP account on a pre-tax basis.
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• Your OPERS employee contribution is 10% of your pay. Your employee contribution is made to your OPERS Member-Directed
Plan account on a pre-tax basis.
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• Your OPERS employee contribution is 10% of your pay. For those in OPERSLE, you currently contribute 10.10%, and that
will remain the same in the future.. Your employee contribution is made to your OPERS account on a pre-tax basis.
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• Your OPERS employee contribution of 10% of your pay is made to the Defined Contribution portion of this plan. Your contribution
is made on a pre-tax basis.
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Employer Contributions
The amount of employer contribution deposited to your ARP or OPERS account will be reduced by any unfunded liability contribution
required by Ohio law.
As of July 1, 2007 - there will be an unfunded liability contribution of .54%
The unfunded liability amount is reviewed on an annual basis by OPERS and is subject to change
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• Bowling Green State University currently contributes an amount equal to 14% of your pay on your behalf.
*13.23% will be sent to your ARP account effective 7/1/07
**13.46% will be sent to your ARP account effective 1/1/08
*Effective July 1, 2007, an amount of .54% of BGSU’s contribution must be sent to the OPERS Traditional Plan as a mitigating
contribution (unfunded liability)
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• Bowling Green State University currently contributes an amount equal to 14% of your pay to OPERS.
*13.23% will be deposited into your account effective 7/1/07
*13.46% will be deposited into your account effective 1/1/08
An amount equal to 8.73% of your pay is deposited to your OPERS Member-Directed account
An amount equal to 4.5% of your pay is deposited into a Retiree Medical Account.)
*Effective July 1, 2007, .54% of BGSU’s contribution will go to the OPERS Traditional Plan as a mitigating contribution
(unfunded liability)
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• Bowling Green State University currently contributes an amount equal to 14% of your pay to the OPERS Employers Trust
Fund to fund disability, survivor, and defined benefit retirement benefits for Traditional Pension Plan. and Combined Plan
members.
For those in OPERSLE, BGSU currently contributes 17.40% of your pay to the OPERS Employers Trust Fund.
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• Bowling Green State University currently contributes an amount equal to 14% of your pay to the OPERS Employers Trust
Fund to fund disability, survivor, and defined benefit retirement benefits for Traditional Pension Plan and Combined Plan
members.
*13.23% will be deposited into the member directed portion of your account effective 7/1/07
**13.46% will be deposited into the member directed portion of your account effective 1/1/08
*Effective July 1, 2007, an amount of .54% of BGSU’s contribution will go to the Traditional Plan portion as a mitigating
contribution (unfunded liability)
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Vesting of Retirement Contributions for a Refund
(Vesting is your right to receive contributions as a refund after termination of your covered employment.)
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• Your employee contributions are immediately vested for a refund.
• Employer contributions made to your ARP account on your behalf are immediately vested for a refund.
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• Your employee contributions are immediately vested for a refund.
• Employer contributions made to your OPERS Member Directed Plan account on your behalf are vested as follows:
1 year of participation = 20%
2 years of participation = 40%
3 years of participation = 60%
4 years of participation = 80%
5 years of participation = 100%
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• Your employee contributions are immediately vested for a refund.
• With at least five (5) years of service credit, you are vested to receive an additional refund amount equal to 33% of
your employee contributions and interest. With at least ten (10) years of service credit, you are vested to receive an additional
refund amount equal to 67% of your employee contributions and interest.
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• Your employee contributions made to the Defined Contribution portion of this plan are immediately vested for a refund.
• With at least five (5) years of service credit, you are vested to receive an additional refund amount equal to 33% of
your employee contributions and interest. With at least ten (10) years of service credit, you are vested to receive an additional
refund amount equal to 67% of your employee contributions and interest.
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