Rule 3364-25-27 | Retirement program.
(A) Policy statement
This policy describes retirement programs and services that may be available to employees who retire from the university of Toledo "the university". Public employees within the state of Ohio participate in a retirement program with eligibility and conditions of retirement as prescribed by the Revised Code.
(B) Retirement eligibility
University employees are public employees who are eligible to participate in one of the state of Ohio's retirement systems and in some cases, may be eligible to instead participate in an alternative retirement plan. Eligibility for retirement is dependent upon the rules of the state of Ohio retirement system or, if applicable, according to the terms of the alternative retirement plan document.
(C) Payment of sick leave at time of retirement
Employees who retire from the university with a minimum of ten years state of Ohio service are eligible to receive accrued but unused sick leave as provided for under the Revised Code.
(D) The university of Toledo retirement programs and services
Employees who retire from the university, and also have ten or more years of continuous service with the university may be eligible for additional programs or services. Any programs or services available to an employee who retires from the university are subject to the policies and procedures as defined by the appropriate department and are subject to change or discontinuation at any time. These services may include a fee or charge.
Last updated June 25, 2021 at 6:18 PM
Supplemental Information
Amplifies: 3364