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New Member
posted Jun 6, 2019 4:49:45 AM

Is an OPERS Pension Plan a Traditional IRA?

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

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4 Replies
Level 9
Jun 6, 2019 4:49:47 AM

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.

New Member
Jun 6, 2019 4:49:48 AM

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

New Member
Jun 6, 2019 4:49:50 AM

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?

New Member
Jun 6, 2019 4:49:51 AM

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?