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Rule 3361:30-28-01 | Retirement: definitions.
An employee whose university employment terminates shall be considered retired if the employee satisfies such age and/or service or disability criteria and receives the requisite approvals as set forth in a human resources policy established by the university. Last updated June 6, 2021 at 4:41 PM Supplemental Information
Authorized By:
3361
Amplifies: 3361 |
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Rule 3361:30-28-03 | Retirement: teachers insurance and annuity association or alternative benefits.
(A) All persons employed by the university prior to July 1, 1977, who elected to continue to participate in the grandfathered retirement plan shall make contributions thereto as provided for in paragraph (B) of this rule. Persons entering into employment in positions covered by the applicable law after June 30, 1977, or who were employed by the university prior to July 1, 1977 but who elected to cease participation in the grandfathered retirement plan, are required to participate and make contributions to the state teachers retirement system of Ohio (STRS), the public employees retirement system of Ohio (PERS) or the alternative retirement plan (ARP), with eligibility and contributions as determined by regulations of said retirement systems. (B) The university shall make periodic contributions to the grandfathered retirement plan for each employee participating in said system as outlined in the 403(b) grandfathered plan - plan document. (C) The university shall make periodic contributions to the alternative retirement plan for each employee who elected to participate in the alternative retirement plan, at the same rate that would have applied to such employee's position under the applicable state retirement system (STRS or PERS) had the employee not elected to participate in the alternative retirement plan. (D) When there is an increase in the percentage rate of contributions under the state teachers retirement system (STRS) or the public employees retirement system (PERS) as to employees covered by each such system, either on behalf of the university, the employee, or both, then there shall be a parallel increase in the contributions made by the university, the employee, or both, as the case may be, as to employees covered by the grandfathered retirement plan or the alternative retirement plan. Such increase shall be by the same percentage of the employee's salary as is the increase in the contribution rate to the state teachers retirement system (STRS) or the public employees retirement system (PERS). Last updated June 6, 2021 at 4:41 PM Supplemental Information
Authorized By:
3361
Amplifies: 3361 Prior Effective Dates: 10/20/1999 |
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Rule 3361:30-28-04 | Retirement: emeritus status.
(A) Emeritus status of a faculty member, librarian or other academic officer of the university is defined as a non-salaried, non-official position and academic title of honor, usually corresponding to that held in the last period of active academic service. (B) Full professors, associate professors, assistant professors, associate librarians, associate senior librarians, senior librarians, deans and other academic administrative officers as determined by the appropriate provost and the president shall be eligible for appointment to emeritus status. Appointment to emeritus status shall be made through the same channels as regular appointments to active status. Last updated June 6, 2021 at 4:41 PM Supplemental Information
Authorized By:
3361
Amplifies: 3361 Prior Effective Dates: 4/17/1980 |
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Rule 3361:30-28-05 | Retirement: conversion of unused sick leave (excluding employees represented by a collective bargaining unit).
Any employee of the university of Cincinnati (excluding employees represented by a collective bargaining unit), at the time of retirement from active service, who are members of the "City Retirement System," the public employees retirement system (PERS), the "Grandfathered Retirement Plan" , the alternative retirement plan (ARP) or the state teachers retirement system of Ohio (STRS), meeting the age and service or disability requirements to be eligible for retirement under Rule 3362:30-28-01 of the Administrative Code, and with ten or more years of full- or part-time service with the university, the state or any of its political subdivisions, may elect to be paid in cash for the value of the number of converted unused sick days not to exceed the lesser of thirty days or one-fourth of the employee's unused accrued sick leave credit. The employee's unused sick leave credit shall be reduced by one day for each day the employee elects to convert pursuant to this rule. (A) Those full-time or permanent part-time university administrators and non- academic staff members (excluding those represented by a collective bargaining unit), employed prior to July 1, 1977 meeting the age and service or disability requirements specified in paragraph (A) of this rule, with twenty-five or more consecutive years of full-time or permanent part-time service with the university or the city of Cincinnati immediately preceding retirement, at the time of retirement from active service, may elect to be paid in cash for the value of the number of converted unused sick days not to exceed the lesser of sixty days or one-half of the employee's unused accrued sick leave credit. The employee's unused sick leave credit shall be reduced by one day for each day the employee elects to convert pursuant to this rule. (B) Such payment shall be based on the employee's rate of pay at the time of retirement. (C) In case of the death of an employee, this benefit shall be paid in accordance with section 2113.04 of the Revised Code or to the employee's estate. Last updated June 6, 2021 at 4:41 PM Supplemental Information
Authorized By:
3361
Amplifies: 3361 Prior Effective Dates: 3/16/1978, 2/7/1981 |