Ohio PERS pays 2.2% a year of final average salary, and 2.5% for each year beyond 30 (beyond 35 in Group C), up to 100%. Group C, which covers most current workers, is unreduced at 67 with 5 years or 55 with 32 years. Group A is unreduced with 30 years at any age or 65 with 5, and Group B at 32 years, 52 with 31, or 66 with 5.
Group A (could retire by Jan 2018)
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | — | — | — | 55.0* | 66.0% | 78.5% |
| 56 | — | — | — | 55.0* | 66.0% | 78.5% |
| 57 | — | — | — | 55.0* | 66.0% | 78.5% |
| 58 | — | — | — | 55.0* | 66.0% | 78.5% |
| 59 | — | — | — | 55.0* | 66.0% | 78.5% |
| 60 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0% | 78.5% |
| 61 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0% | 78.5% |
| 62 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0% | 78.5% |
| 63 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0% | 78.5% |
| 64 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0% | 78.5% |
| 65 | 22.0% | 33.0% | 44.0% | 55.0% | 66.0% | 78.5% |
| 66 | 22.0% | 33.0% | 44.0% | 55.0% | 66.0% | 78.5% |
| 67 | 22.0% | 33.0% | 44.0% | 55.0% | 66.0% | 78.5% |
Group B (could retire by Jan 2023)
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | — | — | — | 55.0* | 66.0* | 78.5% |
| 56 | — | — | — | 55.0* | 66.0* | 78.5% |
| 57 | — | — | — | 55.0* | 66.0* | 78.5% |
| 58 | — | — | — | 55.0* | 66.0* | 78.5% |
| 59 | — | — | — | 55.0* | 66.0* | 78.5% |
| 60 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 78.5% |
| 61 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 78.5% |
| 62 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 78.5% |
| 63 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 78.5% |
| 64 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 78.5% |
| 65 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 78.5% |
| 66 | 22.0% | 33.0% | 44.0% | 55.0% | 66.0% | 78.5% |
| 67 | 22.0% | 33.0% | 44.0% | 55.0% | 66.0% | 78.5% |
Group C (most current members)
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | — | — | — | — | — | 77.0% |
| 56 | — | — | — | — | — | 77.0% |
| 57 | — | — | — | 55.0* | 66.0* | 77.0% |
| 58 | — | — | — | 55.0* | 66.0* | 77.0% |
| 59 | — | — | — | 55.0* | 66.0* | 77.0% |
| 60 | — | — | — | 55.0* | 66.0* | 77.0% |
| 61 | — | — | — | 55.0* | 66.0* | 77.0% |
| 62 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 77.0% |
| 63 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 77.0% |
| 64 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 77.0% |
| 65 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 77.0% |
| 66 | 22.0* | 33.0* | 44.0* | 55.0* | 66.0* | 77.0% |
| 67 | 22.0% | 33.0% | 44.0% | 55.0% | 66.0% | 77.0% |
Percent of final average salary, before tax and before any survivor-option reduction. Green cells are unreduced. An asterisk means the plan applies its own early-retirement table, so the amount you receive is lower than the figure shown. A dash means you cannot retire yet at that age and service.
Turning a percentage into dollars
Multiply the percentage by your final average salary and divide by twelve. At 60% of an $80,000 average, the pension is $48,000 a year, or $4,000 a month. Groups A and B: average of your 3 highest calendar years. Group C: your 5 highest years. The Ohio PERS calculator does the arithmetic for any age, service and salary, and the pension by years table shows monthly amounts at common salaries.
How to use the chart
Find your expected service in the columns and read down to see how the benefit changes as you wait. The jump from one row to the next shows what an extra year at work is worth. When a whole row turns green, that age is unreduced for that service. To find the exact day you reach it, use the retirement date finder.
