Is an OPERS Pension Plan a Traditional IRA?

[jessiekell]

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

[MaryK1]

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.

[jessiekell]

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

[akhedraki]

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]

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?