742-9-04 Payment dates for employer accrued liability on PERS transfers.

Pursuant to the authority vested in the board of trustees by. section 742.51 of the Revised Code, the payments due from an employer for accrued liability resulting from any ember who transfers from the Ohio public employees' retirement system ("OPERS") to the Ohio police and fire and pension fund ("OP& F") shall be paid according to the payment schedule provided by section 742.51 of the Revised Code and the date of the payments provided therein shall be due and payable on the dates set forth below:

(A) Not less than one-half the amount due and payable for each calendar year shall be paid on on May fifteenth; and

(B) The other half or the balance remaining due for that year shall be due and payable on November fifteenth.

Eff 1-1-77; 6-12-99; 10-22-04
Rule promulgated under: RC 111.15
Rule authorized by: RC 742.10
Rule amplifies: RC 742.51
R.C. 119.032 review dates: 10/07/2009 and 10/07/2014