Oct. 19 - 25: National Save for Retirement Week

No matter if you're a seasoned state employee approaching retirement or a younger employee just entering the workforce, now is the time to look at your retirement savings goals.

OCSEA Pres. Eddie Parks, who represents state employees on the board of the Ohio Public Employees Retirement System, is encouraging union members to review their retirement savings plans as we observe National Save for Retirement Week, Oct. 19 - 25.

According to the Ohio PERS:

- 22% of Americans worry they won't have enough for basic living expenses in retirement.

- To maintain your current lifestyle in retirement, you'll need at least 65% of your current income.

- Most pensions were not designed to replace 100% of working income.

Ohio's public employees have two good options for savings:

1 - Ohio PERS program (mandatory contributions)

2 - Ohio Public Employees Deferred Compensation Program (voluntary contributions)

OCSEA members who will retire soon are encouraged to maintain their union friendships and activities. Learn more about your union retiree membership options now.