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This website publishes administrative rules on their effective dates, as designated by the adopting state agencies, colleges, and universities.

Rule 3309-1-38 | Interest rate.

Ohio Administrative Code
/
3309
/
Chapter 3309-1 | General Provisions
 
Effective:
May 1, 2018
Promulgated Under:
111.15
PDF:
Download Authenticated PDF
 

Except as otherwise provided in Chapter 3309. of the Revised Code or SERS rules, the rate of compound interest for the purchase or restoration of service credit under Chapter 3309. of the Revised Code or SERS rules shall be the rate guaranteed by the retirement board at time of purchase, as recommended by the actuary, and such rate of compound interest shall be applied to the entire period purchased or restored.

Last updated October 26, 2023 at 8:42 AM

Supplemental Information

Authorized By: 3309.04
Amplifies: 3309.01(I), 3309.021, 3309.022, 3309.26, 3309.31, 3309.451, 3309.473, 3309.474, 3309.73, 3309.75
Five Year Review Date: 2/1/2028
Prior Effective Dates: 12/24/1976, 2/1/1992, 1/2/1993, 11/1/1996, 11/9/1998, 5/2/2001, 2/11/2002, 5/9/2003, 4/1/2013