145-2-06 Purchase of military service credit.  

  • Text Box: ACTION: Final Text Box: DATE: 12/15/2006 9:32 AM

     

     

     

    145-2-06                      Purchase of military service credit.

     

     

     

    (A)  This rule amplifies sections 145.301 and 145.302 of the Revised Code.

     

    (B)   The member shall submit report(s) of separation (form DD214) or other satisfactory documentation to the public employees retirement system as evidence of the member's military service and discharge to the retirement system.

     

    (C)   If a member has been in military service more than once as evidenced by more than one report of separation or service and wishes to purchase credit under section 145.302 of the Revised Code for more than one period of military service, interest as set in rule 145-1-35 of the Administrative Code shall be charged from the date the member last terminated military service.

     

    (D)

     

    (1)The limitation of division (F) of section 145.301 of the Revised Code shall apply to military service purchased on or after July 24, 1990.

     

    (2)(1) For military service purchased on or after March 17, 2000 under section 145.301 of the Revised Code, this the retirement system shall calculate the cost to purchase military service credit by using the member's earnable salary for the twelve months of contributing service under Chapter 145., 3307., and/or or 3309. of the Revised Code immediately preceding the month in which the application to purchase is received by the system.

     

    (3)(2) Annually the public employees retirement board shall set the percentage rate for the cost of service allowed under section 145.301 of the Revised Code, based upon its actuary's recommendation.

     

    (E)   Where applicable, the member's public employer shall certify information including, but not limited to, the earnable salary the member would have earned during the member's military service on a form provided by the retirement system.

     

    (F)    The employer contributions due pursuant to section 145.302 of the Revised Code shall be billed to the employer for payment after the member has paid all or part of the employee contributions due. If the employer fails to make the payments required, any employer amounts not paid shall be certified for collection and subject to the same penalty and interest described in section 145.51 of the Revised Code.

     

     

     

     

     

     

     

    145-2-06                                                                                                                                2

    Effective:                                                     01/01/2007

    R.C. 119.032 review dates:                         09/29/2006 and 09/29/2011

    CERTIFIED ELECTRONICALLY

    Certification

    12/15/2006

    Date

    Promulgated Under:                           111.15

    Statutory Authority:                           145.09

    Rule Amplifies:                                  145.301, 145.302

    Prior Effective Dates:                         1/1/03, 5/4/00, 11/2/96, 8/6/98/ 1/2/98, 1/1/78, 8/15/73.

Document Information

Effective Date:
1/1/2007
File Date:
2006-12-15
Last Day in Effect:
2007-01-01
Five Year Review:
Yes
Rule File:
145-2-06_FF_A_RU_20061215_0932.pdf
Related Chapter/Rule NO.: (1)
Ill. Adm. Code 145-2-06. Purchase of military service credit