[2] The plan provides a lifetime retirement benefit when members meet age and service eligibility requirements.

The paid contributions are invested by OPERS, under the direction of the Board of Trustees, to provide benefits to present and future members of the system.

The DCP is an Internal Revenue Code Section 457(b) plan and allows eligible state employees to supplement retirement benefits by investing pre-tax dollars through voluntary salary deferral.

The SIP is qualified under Section 401(a) of the Internal Revenue Code and supplements employees’ retirement benefits by contributing to a plan on their behalf.

The Board of Trustees are Chairman DeWayne McAnally, Vice Chairwoman Lucinda Meltabarger, and members Lisa Blodgett, Jari Askins, Jill Geiger, James R. "Rusty" Hale, Steven Kaestner, Thomas E. Kemp, Jr., Don Kilpatrick, Brian Maddy and Frank Stone.