Rule 3309-1-12 | Contributing service credit; determination of.
(A) Any contribution or contributions received for a particular month, beginning with September 1, 1937 and ending June 30, 1955, for credit to a member's savings account shall receive .125% of a year's service credit for that particular month, provided, that no more than one year of service credit shall be granted for all service rendered in any one fiscal year.
(B) Any contribution or contributions received for a particular month, subsequent to June 30, 1955, but prior to July 1, 1977, for credit to a member's savings account, shall receive one-ninth of a year's service credit for that particular month, provided that not more than one year of service credit shall be granted for all service rendered in any one fiscal year.
(C) Service credit granted under the provisions of paragraphs (A) and (B) of this rule, shall be subject to such adjustment by the retirement board as provided by law.
(D) Contributing service credit for school employment rendered on or after July 1, 1977 shall be credited to members as follows:
(1) A full year of service credit will be credited for one hundred twenty or more days of paid school employment during a year.
(2) For less than the above described one hundred twenty days during a year, a fraction of a year credit shall be credited, and shall be determined by dividing the actual number of days paid in a year by one hundred eighty days.
(E) Contributing service as a school board member or governing board member will be credited as provided in paragraph (D) of this rule. A day of "paid school employment" for a board member shall mean any day for which the board member was compensated for attending a regular or special meeting of the board or an approved training program. Payment or reimbursement of fees or expenses by the school district or educational service center does not constitute compensation.
(F) The number of days and the number of hours of paid school employment shall be certified by the employer in a manner specified by the retirement board.
(G) A "year" shall mean the period July first through the following June thirtieth.
(H) Any portion of a day paid shall be considered a full day.
(I) Credit for school service rendered before July 1, 1977 shall continue to be determined pursuant to paragraphs (A) to (C) of this rule.
Last updated October 25, 2023 at 2:15 PM
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