2021 Compliance Audit RFP
History of OSERS
Board of Trustees
Nebraska State Statutes
2018 Sustainability Study
Publications and Forms
Q1. When can I retire?
Q2. What will my OSERS benefits be?
Q3. When do I need to give notice for retirement?
Q4. When am I vested?
Q5. When will I receive my first benefit payment?
Q6. What are the options for taking my retirement benefit? Does it stop when I die?
Q7. Is my benefit taxable?
Q8. Will my OSERS benefit affect my Social Security benefit?
Q9. Will partial years count toward retirement?
Q10. When will I reach Rule of 85?
Q11. When will I receive COLAs?
Q12. What are the limitations on Employment After Retirement?
Q13. Can I retain my health insurance after I retire? If so, for how long?
Q14. What will be withheld from my benefit payment?
Death B FAQ
Q1. When should I fill out a new beneficiary card?
Q2. Where does my money in the Omaha School Employees' Retirement System go when I die?
Q1. What happens to my account if I die?
Q2. Can I reacquire my previous OPS service years if I return to full-time OPS employment?
Q3. When will my refund check be issued?
Q4. Can I contribute even though I'm not a full-time employee with OPS?
Q5. What happens to the matched (school board) contributions?
Q6. Can my funds be rolled into an Individual Retirement Account (IRA)? What are the penalties/tax consequences for withdrawing my funds?
Q7. Do I have to withdraw my funds if I end full-time employment with OPS?
Can I borrow from my account?
Q9. Can I withdraw part or all of my contributions?
Q10. How much are my contributions to OSERS?
Q1. Can I purchase service if I have not previously worked for a public school district or if I have allowed the window of opportunity for purchasing previous service to close?
Q2. Can I purchase partial years?
Q3. How soon does a service purchase have to be paid?
Q4. What is the current interest rate charged when I pay for my service purchases over time?
Q5. May I make payments over time?
Q6. May I roll funds from an IRA to OSERS?
Q7. How do you calculate the cost of my previous service purchases?
Q8. Can I reacquire my previous OPS service years if I return to full-time OPS employment?
Q9. Can I purchase credit from my employment at another public school district?