OHIO HIGHWAY PATROL RETIREMENT SYSTEM
Frequently Asked Questions
Membership
Q: Can I borrow from or take a loan out of my account,
or use my account as collateral when applying for a loan?
A:No. Your funds are in your account to provide you a pension benefit. You cannot make any withdrawals while you are still employed. Your contributions can only be refunded upon termination of employment.
Q: How can I obtain a record of my total contributions or service credit?
A:You may access a statement of your contributions or service credit by logging in to the secure area of this website. Registration is easy -- just click here.
Q: As an active member, how do I update my current address?
A:HPRS updates home address records from the State Highway Patrol payroll section. Be sure your home address is current with the patrol. It is important for HPRS to have the member's current address for the mailing of ballots to elect trustees for the HPRS Board of Trustees.
Q: How much will it cost for me to purchase military or any other
eligible service credit?
A:The cost to purchase additional service credit is calculated based on several variables such as how long it has been since you served and how much time you are purchasing. It is best to contact HPRS for a cost estimate and not rely on what another member had to pay. Service credit can be purchased in a lump sum, by payroll deduction, with after-tax dollars, or by rolling over a portion of your deferred compensation account.
Q: If I terminate employment with the State Highway Patrol what happens to
my retirement contributions?
A:Upon termination, you may withdraw or rollover your accumulated employee contributions. Refunds are subject to tax obligations and special rules apply to rollovers. If you return to service with the State Highway Patrol, you can reinstate your lost service credit by paying the amount of withdrawn contributions plus compounded interest from the withdrawal date and the date of payment. This can be done as a lump sum payment, payroll deduction, or rollover from a qualified plan.
