145-2-15 Cincinnati retirement system.

 

 

 

145-2-15                      Cincinnati retirement system .

 

 

 

(A)  This rule amplifies sections 145.2910, 145.2911, and 145.2912 of the Revised Code.

 

(B)    "Eligible service credit" means service earned under this system or the Cincinnati retirement system or military service credit purchased or obtained in this system or the Cincinnati retirement system.

 

(C)

 

(1)   A member of this system, who is eligible to obtain eligible service credit in this system for service credit with the Cincinnati retirement system, shall make a request to obtain credit for such service on a form provided by this system.

 

(2)    Except as otherwise provided in this rule, a member shall make payments required under division (C)(1) of section 145.2911 of the Revised Code pursuant to rule 145-1-35 or 145-1-38 of the Administrative Code. A member may use an eligible rollover distribution for such payments as allowed by rule 145-1-37 of the Administrative Code.

 

(3)   Service credit for a member who obtains credit pursuant to section 145.2911 of the Revised Code and this rule shall accrue in the same amount as described in division (T)(1) of section 145.01 of the Revised Code upon payment of the following amounts:

 

(a)    Any required amounts due from the member under section 145.2911 of the Revised Code and this rule; and,

 

(b)    The required amounts due from the Cincinnati retirement system under division (C)(2) of section 145.2911 of the Revised Code.

 

(4)

 

(a)   If the Cincinnati retirement system fails to transfer those amounts required under division (C)(2) of section 145.2911 of the Revised Code, this system shall notify the member, and shall not grant the service credit.

 

(b)   The member may choose to receive a return of any payments made by the member to this system, or have such payments accrue in an additional annuity pursuant to section 145.23 of the Revised Code and rule 145-2-43 of the Administrative Code.

 

 

 

 

(D)

(1)   This system shall transfer those amounts required under section 145.2912 of the Revised Code for a member or former member of this system, who is eligible to obtain eligible service credit in the Cincinnati retirement system for service credit with this system pursuant to section 145.2912 of the Revised Code, after:

(a)     Receiving  notification  from  the  Cincinnati  retirement  system  that  the member has requested such transfer;

(b)   The member has paid any required amounts to this system; and,

(c)   This system has notified the member.

(2)    If a member's request for a transfer under division (B) of section 145.2912 of the Revised Code is for less than the member's total eligible service credit with this system, any benefits or payments to which the member or the member's beneficiary or beneficiaries may be entitled shall be based on the remaining service credit with this system.

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:                                  145.2910, 145.2911, 145.2912

Prior Effective Dates:                         1/1/03, 2/14/02, 11/30/01 (Emer.).