OhioHealth offers two retirement programs to help you prepare for your financial future.
The Cash Balance Retirement Plan
This is a pension benefit fully paid for by OhioHealth that rewards you for your career. You will automatically become a participant on January 1st following 6 months of service provided you are at least age 20½. You will receive a contribution each year based upon your age and years of service with OhioHealth as of December 31st, along with interest credits (you must be paid for at least 1000 hours in the year). Through your annual statement, you will always know the value of your Cash Balance Retirement Plan for which you are vested after completing three years of service.
The Retirement Savings Plan (403B/401K)
This is a tax-deferred way for you to save for retirement, reduce your current taxes and receive an OhioHealth matching contribution. You become eligible for the match for the year beginning January 1st following 6 months of service. OhioHealth will match 50 cents for every $1 you contribute, up to the first 4% of your pay on a pre-tax basis. The maximum OhioHealth match = 2% of your pay and the maximum you can contribute is determined by current IRS limitations.