Ohio Revised Code Search

...ve years; (2) A period that is three times the period during which the member was out of service and receiving workers' compensation. The period described in division (E)(1) or (2) of this section begins with the later of the member's date of re-employment or January 7, 2013. (F) The number of years purchased under this section shall not exceed three. Credit purchased under this section may be combined pursuant to...

...tribution would have increased shall be credited to the employers' accumulation fund. If the payment of the increased contributions is made in accordance with this section, the increased annual salary as provided by law for the office for the period for which the member paid increased contributions thereon shall be used in determining the member's earnable salary for the purpose of computing the member's final...

...e and completion of one year of service credit as covered by a state retirement system or the Cincinnati retirement system, within two years after service in the armed forces that is terminated in a manner other than as described in section 4304 of Title 38 of the United States Code, "Uniformed Services Employment and Reemployment Rights Act of 1994," 108 Stat. 3149, 38 U.S.C.A. 4304, and presentation of documentatio...

...rvice and subject to public employees retirement board rules, a member may purchase service credit for each year or portion of a year of service incurred by reason of having been on active duty as a member of the reserves or the Ohio national guard for which the member is not eligible to purchase credit under division (B)(1) of this section. Any credit purchased under this section shall be considered as the eq...

... five years or a period that is three times the member's period of service in the uniformed services beginning from the later of the member's date of re-employment or the effective date of this section, an amount equal to compound interest at a rate established by the board from the later of the member's date of re-employment or the effective date of this section to the date of payment shall be added to the remaining...

...nth of redeposit. (2) The amount redeposited shall be credited as follows: (a) The amount that equals the amount, if any, included under section 145.401 of the Revised Code in the withdrawal of accumulated contributions under section 145.40 of the Revised Code shall be credited to the employers' accumulation fund. (b) The remaining amount shall be credited to the member's account in the employees' savings fund. (...

...ce credit under section 3307.71 or 3309.26 of the Revised Code by making payments pursuant to this section through a payroll deduction plan established under section 145.294 of the Revised Code. A member seeking to restore this service credit shall notify the public employees retirement system on a form approved by the public employees retirement board. After receiving the notice, the public employees retirement syst...

...t to a former member to restore service credit under section 145.31 of the Revised Code for each year or portion of a year for which the former member seeks to restore service credit under that section. (B) Inform the requesting retirement system of the rate of interest charged to a member under a payroll deduction plan authorized under section 145.294 of the Revised Code.

...Has five or more years of total service credit and has attained age sixty; (2) Has twenty-five or more years of total service credit and has attained age fifty-five; (3) Has thirty or more years of total service credit at any age. (B)(1) A member who would be eligible to retire not later than ten years after January 7, 2013, if the requirements of this section as they existed immediately prior to January 7, ...

...e first increase under this section becomes the anniversary date for any future increases. The allowance or benefit used in the first calculation of an increase under this section shall remain as the base for all future increases, unless a new base is established. (B) If payment of a portion of a benefit is made to an alternate payee under section 145.571 of the Revised Code, increases under this section granted ...

... Base Amount 58 25 75 59 26 80 60 27 85 61 88 28 90 62 91 63 94 29 95 64 97 65 30 or more 100 (b) For a member eligible to retire under division (B) or (C) of section 145.32 of the Revised Code, the member's allowance under division (A)(1) of this section shall be reduced by a percentage determined by the bo...

...ltiplying the applicant's total service credit, including service credit for the last continuous period during which the applicant received a disability benefit under section 145.361 of the Revised Code, by two and two-tenths per cent of the applicant's final average salary, except that the allowance shall not exceed forty-five per cent of the applicant's final average salary. (2) An amount equal to the additional...

... member's accumulated contributions deposited under former division (Y) of section 145.01 or former sections 145.02, 145.29, 145.292, and 145.42, or sections 145.20, 145.201, 145.28, 145.291, 145.292, 145.293, 145.299, 145.2916, 145.301, 145.47, and 145.814 of the Revised Code for the purchase of service credit. (3) If the member qualifies for an allowance under division (A)(2), (B)(2), (C)(2), or (E)(3), (4), or ...

... any reduction for early retirement or election under section 145.46 of the Revised Code of a plan of payment and exclusive of any amounts payable under divisions (I)(2)(b) and (c) or (I)(3)(b) and (c) of section 145.332 of the Revised Code; (b) An allowance calculated under division (A) of section 145.45 of the Revised Code; (c) An allowance calculated under division (B)(1)(a) of section 145.331 of the Revised...

...ty officer and is irrevocable. Service credit earned by a member of the public employees retirement system before the first day of the first month following the retirement system's receipt of the notice of election shall not be considered service credit as a PERS law enforcement officer or PERS public safety officer.

...of Base Amount 58 25 75 59 26 80 60 27 85 61 88 28 90 62 91 63 94 29 95 64 97 65 30 or more 100 (b) For a member eligible to retire under division (B) or (C) of section 145.32 of the Revised Code, the member's allowance under division (B)(1) of this section shall be reduced by a percentage determined by the public employees ret...

... results from contributing service, becomes evident not later than two years after the date the contributing service ends. The coverage shall not extend to disability resulting from elective cosmetic surgery other than reconstructive surgery. Not later than October 16, 1992, the public employees retirement board shall give each person who is a member on July 29, 1992, the opportunity to elect disability coverage e...

...h primary responsibility for retirement legislation.

... Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 415, as amended. A year of service for the purpose of disability retirement is a complete year of full-time employment, or the equivalent thereof. The public employees retirement board is the final authority in determining the eligibility of a member for disability retirement.

...which the recipient attains the applicable age, or the last day of the month in which the benefit period ends as follows: Attained Age at Effective Date of Disability Allowance Benefit Period 60 or 61 60 months 62 or 63 48 months 64 or 65 36 months 66, 67, or 68 24 months 69 or older 12 months The applicable age is sixty-five if the member is described in division (A) of secti...

...etes an additional two years of service credit, the former disability benefit recipient shall be entitled to full service credit, not exceeding five years' service credit, for the period as a disability benefit recipient, except that if the board adopts a rule requiring payment for the service credit it shall be granted only if the former disability benefit recipient pays an amount determined under the rule. The rule...

...has not less than five years of service credit for periods during which the recipient had earnings from other employment that was subject to the tax imposed by the "Federal Insurance Contributions Act," 26 U.S.C. 3101.

...er sections 145.311, 3307.711, and 3309.261 of the Revised Code, shall be used in determining the eligibility and total retirement or disability benefit payable. When total contributions and service credit are so combined, the following provisions apply: (1) Age and service retirement shall be effective on the first day of the month immediately following the later of: (a) The last day for which compensation was pai...

...tract begin and shall accumulate to the credit of the retirant to be paid in a single payment after services provided under the contract terminate. A PERS retirant subject to division (B)(6) of this section shall not contribute to the retirement system and shall not become a member of the system. (7) As used in this division, "employment" includes service for which a PERS retirant or other system retirant, the ret...

...ontinue the employment as a reemployed retirant or rehire as a reemployed retirant to the same position an individual described in division (A) of this section shall do both of the following in accordance with rules adopted under division (C) of this section: (1) Not less than sixty days before the employment as a reemployed retirant is to begin, give public notice that the person is or will be retired and is seekin...