DaveF1006
Expert Alumni

Retirement tax questions

No. This is a payroll type of contribution, made with after tax dollars.  Because of this, your contributions are not deductible on your part but the amount you contribute is considered basis to your retirement account.

 

Once you begin distributions at retirement, the basis is valuable because it will reduce the amount of taxable income of the distribution. Select the link given below and scroll to the area that mentions Service Credits.

 

OPERS CONTRIBUTIONS

 

[Edited 02/22/24|6:15 pm PST]

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