Ohio Administrative Code (Last Updated: January 12, 2021) |
145 Public Employees Retirement System |
Chapter145-2. Service Credit |
145-2-40. Benefits payable under section 145.333 of the Revised Code
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(A) As used in this rule, "retirement allowance" has the same
meaning as defined in section 145.333 of the Revised Code.
(B) If a retirement allowance is reduced under section 145.333 of the Revised Code, the reduced retirement allowance shall become the member's single lifetime allowance for purposes of sections 145.33 , 145.332, and 145.45 of the Revised Code.
(C) As used in division (E) of section 145.333 of the Revised Code, "full month of service" means any month during which a public employee has earnable salary in the public employees retirement system and does not include the first or last month of employment with a public employer or a period of an approved leave of absence from a public employer.
Five Year Review (FYR) Dates:
09/29/2016 and
09/29/2021
Promulgated
Under:
111.15
Statutory Authority:
145.09
Rule Amplifies:
145.333
Prior Effective Dates: 1/7/13 (Emer.), 3/24/13,
1/1/14
Prior History: (Effective:
01/01/2014
R.C. 119.032
review dates: 09/29/2016
Promulgated Under: 111.15
Statutory Authority:
145.09
Rule Amplifies: 145.333
Prior Effective Dates:
1/7/13 (Emer.), 3/24/13)