10 Questions
Which type of member is eligible for a 30-year cancellation of contributions in Plan D?
A member who has close to 30 years of service credit in Plan E
What happens to a transferring member's plan status during the OWPT payment contract period?
The transferring member remains in Plan E
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 exceed 30 years of service
When does a member begin to pay normal retirement contributions in Plan D?
Upon transferring to Plan D
How does the length of the OWPT payment contract affect a member's normal retirement contributions?
The longer the contract payment period, the more normal retirement contributions the member will make
Which members are eligible for a cancellation of regular retirement contributions in Plan D?
Legacy safety members with a 30-year service credit
Who continues to earn service credit for each pay period in which they have earnings?
Members eligible for a 30-year cancellation
Which members are not eligible for a cancellation of contributions?
PEPRA members with a 30-year service credit
What applies to general members in terms of a 30-year cancellation of contributions?
A 1973 membership date
What happens to retirement contributions for members eligible for a 30-year cancellation?
They are canceled
Understanding OWPT and Retirement Contributions Quiz: Test your knowledge on the requirements for qualifying for a 30-year cancellation of contributions under the OWPT. Learn about the implications of electing semimonthly payroll deductions and transitioning from Plan E to Plan D. Explore the total amount of retirement contributions and how it affects the payment contract.
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