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Section 3307.561 | Payments to members who are members of another state retirement system.

Ohio Revised Code
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Title 33 Education-Libraries
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Chapter 3307 State Teachers Retirement System
 
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Effective:
January 7, 2013
Legislation:
Senate Bill 342 - 129th General Assembly
PDF:
Download Authenticated PDF
 

(A) Except as provided in division (B) of this section, a member of the state teachers retirement system participating in the STRS defined benefit plan who has ceased to be a teacher, and who is also a member of either the public employees retirement system or school employees retirement system, or both, may not withdraw the member's accumulated contributions.

(B) On application, the state teachers retirement board shall pay a member described in division (A) of this section the member's accumulated contributions if either of the following applies:

(1) The member also withdraws the member's contributions from the other systems.

(2) The member is a participant in a PERS defined contribution plan or a plan established under section 3309.81 of the Revised Code and has withdrawn the member's contributions under the PERS defined benefit plan or the plan described in sections 3309.18 to 3309.70 of the Revised Code.

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