Ohio Administrative Code Search

... retirement system shall be eligible to purchase service credit for any period during which contributing service was optional. Contributing service shall be deemed to be optional when contributions were not required by the school employees retirement system and no contributions or member record was received. In order to receive optional service credit, payments shall be made as provided in this pa...

... retirement system shall be eligible to purchase service credit for school employment on or before June 30, 1991 for which contributing service was optional. Contributing service shall be deemed to be optional when contributions were not required by the school employees retirement system and no contributions or member record was received. In order to receive optional service credit, payments shall...

...al purposes, illness, or disability may purchase service credit for the leave so long as the member provides certifications from the employer establishing the following: (1) That the employer granted the leave of absence pursuant to section 3319.13 of the Revised Code; (2) The beginning and ending dates of the leave; (3) The number of days the member would have worked during the leave period; and (4) The compensa...

...urposes, illness, or disability may purchase service credit for the leave so long as the member provides certifications from the employer establishing the following: (1) That the employer granted the leave of absence pursuant to section 3319.13 of the Revised Code; (2) The beginning and ending dates of the leave; (3) The number of days the member would have worked during the leave perio...

... (3) Any amounts paid by the member to purchase service credit shall include, if applicable, any amounts paid by the employer to purchase service credit. (4) Except as provided in this paragraph, interest shall be calculated beginning on the first day of the fiscal year following the year in which the contributions were made and ending on the last day of the month in which the transfer occurs. If the amount to be t...

...payment. (B) The number of years to be purchased shall not exceed five years or the total number of years of Ohio contributing service credit accumulated at time of purchase, whichever is the lesser. (C) The member may purchase any portion of the military service, provided that a member with less than five years of military service who buys all of his service will be credited with the total days of the final month...

...United States government which is to be purchased shall be subject to the following requirements, governing eligibility and cost: (1) To be eligible to purchase service under this rule, after termination of the service to be purchased, a member must have one year of Ohio service in a year as defined in division (R) of section 3309.01 of the Revised Code. (2) The service credit must be properly certified by the offi...

...ndent of a deceased member who wants to purchase service credit pursuant to section 3309.451 of the Revised Code must deliver a written request to purchase service to the school employees retirement system before they receive payment of a benefit under section 3309.44 or 3309.45 of the Revised Code. (2) Eligibility shall be determined upon receipt of a written request. (3) Service credit shall ...

..., 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.

...(A) A member may purchase all or a portion of service credit for Ohio police and fire service and Ohio highway patrol service as provided in section 3309.73 or 3309.731 of the Revised Code. (B) A member is not eligible to purchase or obtain credit if being paid, or eligible to be paid, a benefit based on the service in another pension plan. (C) Service purchased under section 3309.73 or 3309.731 of the Revised Cod...

... (1) Amounts paid by a member to purchase service credit shall be credited to the employees' savings fund. (2) Service credit for a period of disability shall be considered the equivalent of Ohio service credit. (3) Service credit granted or purchased under section 3309.41 of the Revised Code for a period of disability shall not result in the member receiving more than one year of ser...

... (1) Amounts paid by a member to purchase service credit shall be credited to the employees' savings fund. (2) Service credit for a period of disability shall be considered the equivalent of Ohio service credit. (3) Service credit granted or purchased under section 3309.41 of the Revised Code for a period of disability shall not result in the member receiving more than one year of ser...

...he employer for each year of credit purchased will be determined by factors recommended by the school employees retirement system actuary which yield an amount equal to the additional liability of the amount purchased. Actuarial cost will be revised no more than once annually and shall apply only to new credit established after such revision is approved by the school employees retirement board...

...to pregnancy or adoption of a child may purchase service credit for such period(s) of resignation during which no contributions were made to the system and no service credit granted under any other section of the Revised Code in accordance with section 3309.473 of the Revised Code and this rule. (A) (1) The member must have resigned from a contributing position under Chapter 3309. of the Revised Code due to preg...

... school employees retirement system may purchase credit for service as a school board member by filing a written request which shall include a certification of service signed by the employer. (2) A member may purchase credit only for qualified service that occurred prior to June 30, 1991. (3) A member may purchase credit for service, including concurrent service, on two or more school boards provided that the tot...

...(A) A member may purchase in portions all or part of the exempt service credit that the member is eligible to purchase. Payment for any portion purchased shall be made in full at the time of purchase. A member may make subsequent purchases of any remaining exempt service credit at any time prior to retirement. (B) (1) If the credit to be purchased is for service that would have been covered under Chapter 3309. of...

...rollover distributions only for the purchase of service credit pursuant to section 3309.021, 3309.022, 3309.26, 3309.301, 3309.31, 3309.311, 3309.41, 3309.451, 3309.473, 3309.474, 3309.73, 3309.731 or 3309.75 of the Revised Code, for the payment of back contributions under rule 3309-1-13 of the Administrative Code, or for the payment of additional liability pursuant to division (A)(1)(c) of se...

...ool employees retirement system may purchase service credit by payroll deduction pursuant to agency-level 3309 of the Administrative Code and section 3309.021, 3309.022, 3309.26, 3309.261, 3309.301, 3309.31, 3309.41, 3309.473, 3309.474, 3309.73, 3309.731, or 3309.75 of the Revised Code. (1) Payroll deduction purchase plans received before January 1, 2019, and whose starting date is before Jan...

...ion of a new computer system" means the purchase of a "computer system," as defined in this rule, that is not a computer system currently in place nor one for which the acquisition process has been initiated as of the effective date of the agency rule addressing requirements in section 1347.15 of the Revised Code. (C) "Computer system" means a "system," as defined by section 1347.01 of the Revised Code, that stores,...

...f the guaranteed portion of any loan to purchase a facility or for renovations to a facility owned by the governing board of the community school shall be the lesser of fifteen years or the useful life of the asset, with the total guarantee not to exceed one million dollars. (G) If approved by the commission, the maximum term of the guaranteed portion of any loan used for modular facilities, buildings renovations to...

...ns the installment payment contract for purchase and installation of energy conservation measures as defined in division (A) of section 3313.372 of the Revised Code. (4) "District" means a city, exempted village, local or joint vocational school district. (B) Selection process (1) For each energy project, the district shall engage in a selection process consisting of a request for qualifications before contracting...

...a change of ownership: (1) Transfer or purchase of stock or other ownership interest resulting in an acquisition of at least fifty-one per cent control; (2) Purchase of entire school or assets of school; (3) Transfer, sale or purchase of stock, membership, or other direct or beneficial ownership interest by a single entity or by multiple entities in a single transaction or a series of transactions that results in...

...ange of ownership: (1) Transfer or purchase of stock or other ownership interest resulting in an acquisition of at least fifty-one per cent control; (2) Purchase of entire school or assets of school; (3) Transfer, sale or purchase of stock, membership, or other direct or beneficial ownership interest by a single entity or by multiple entities in a single transaction or a series of tran...

...of this rule. (B) Charges for required purchase of books, fees and supplies can be non-refundable if the student has consumed or used the books, fees and/or supplies. Consumption of books, fees and supplies shall be defined as: (1) Items that were special ordered for a particular student and cannot be used by or sold to another student; or, (2) Items that were returned in a condition that prevents them from bein...

...ion of a new computer system" means the purchase of a "computer system," as defined in this rule, that is not a computer system currently in place nor one for which the acquisition process has been initiated as of the effective date of the board rule addressing requirements in section 1347.15 of the Revised Code. (C) "Board" means the Ohio state board of career colleges and schools. (D) "Computer system" means a "s...