OWPT and Retirement Contributions
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Questions and Answers

Which type of member is eligible for a 30-year cancellation of contributions in Plan D?

  • A member who elects to transfer to Plan D
  • A member who has close to 30 years of service credit in Plan E (correct)
  • A member who completes the OWPT through semimonthly payroll deductions
  • A member who pays normal retirement contributions in Plan D

    • What happens to a transferring member's plan status during the OWPT payment contract period?

  • The transferring member's plan status is suspended
  • The transferring member becomes a member in Plan D
  • The transferring member's plan status is terminated
  • The transferring member remains in Plan E (correct)

    • What happens to a member's retirement contributions if they elect to complete the OWPT through semimonthly payroll deductions?

  • The member's retirement contributions will be canceled
  • The member's retirement contributions will be reduced
  • The member's retirement contributions will be refunded
  • The member's retirement contributions will exceed 30 years of service (correct)

    • When does a member begin to pay normal retirement contributions in Plan D?

    <p>Upon transferring to Plan D</p> Signup and view all the answers

    How does the length of the OWPT payment contract affect a member's normal retirement contributions?

    <p>The longer the contract payment period, the more normal retirement contributions the member will make</p> Signup and view all the answers

    Which members are eligible for a cancellation of regular retirement contributions in Plan D?

    <p>Legacy safety members with a 30-year service credit</p> Signup and view all the answers

    Who continues to earn service credit for each pay period in which they have earnings?

    <p>Members eligible for a 30-year cancellation</p> Signup and view all the answers

    Which members are not eligible for a cancellation of contributions?

    <p>PEPRA members with a 30-year service credit</p> Signup and view all the answers

    What applies to general members in terms of a 30-year cancellation of contributions?

    <p>A 1973 membership date</p> Signup and view all the answers

    What happens to retirement contributions for members eligible for a 30-year cancellation?

    <p>They are canceled</p> Signup and view all the answers

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