Is an OPERS Pension Plan a Traditional IRA?

jessiekell · ‎June 6, 2019

Is the OPERS traditional pension plan that I contribute to a traditional IRA ?

MaryK1 · ‎June 6, 2019

No, an IRA is a individual retirement account, which you set up and manage. OPERS is the state of Ohio government workers pension- it is an employer sponsored plan under section 457.

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jessiekell · ‎June 6, 2019

Thank you. Is there any deduction or credit for OPERS then?

akhedraki · ‎June 6, 2019

I'm trying to figure this out as well. How come OPERS contributions do not get coded as a qualified retirement plan contribution on the W2 form for the purpose of the retirement savings contribution credit? Am I missing something?

akhedraki · ‎June 6, 2019

I'm trying to figure this out as well. How come OPERS contributions do not get coded as a qualified retirement plan contribution on the W2 form for the purpose of the retirement savings contribution credit? Am I missing something?

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Is an OPERS Pension Plan a Traditional IRA?