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 (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 (D)</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 (C)</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 (D)</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 (C)</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 (A)</p> Signup and view all the answers

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

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

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