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MAXIMIZE Pension Payments Under Ohio Police & Fire Pension

Most people believe their pension and payout benefits are set in stone based on their plan provisions. This is simply not true. As an OP&F member, you have most likely been building three types of retirement accounts: 457 Deferred Compensation, DROP and your pension.

One way to maximize your pension and payout benefits is to make sure you utilize all the overtime available in the three years prior to entering DROP. Doing so increases your average annual salary and thus your pension contribution to DROP. However, keep in mind that exercising vacation time or unused sick time does not increase your pension.

Lastly, take advantage of purchasing all service credits that you are entitled to, including the lesser known ones such as active duty and honorable discharge military service credits. Remember, service credits need to be purchased before entering DROP. 

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