145-1-28 Remittance of employer contributions.

 

 

 

145-1-28                      Remittance of employer contributions.

 

 

 

(A)For the purposes of this rule and sections 145.294 and 145.47 of the Revised Code:

 

(1)"Employee deduction" means the full amount of employee deductions due for a particular reporting period pursuant to section 145.47 or 145.294 of the Revised Code.

 

(2)"Filed" means actual receipt by the public employees retirement system, the postmark date, or the date scheduled to pay via electronic payment.

 

(3)"Report" means a record of the employee deductions that is free from errors or omissions and is in the form required by the public employees retirement board.

 

(4)"Reporting  period"  means  the  established  interval  for  which  an  employer reports employee deductions.

 

(5)"Supplemental report" means a report of employee deductions that is submitted by the employer in addition to the regular report due to the employer's need to report additional deductions for the employer's payment of a disability payment, retroactive salary payment, or payment pursuant to a settlement agreement.

 

(6)The thirtieth day shall be computed in the method as described in section 1.14 of the Revised Code.

 

(B)For employee deductions filed on or after the effective date of this rule, both employee deductions to the retirement system and a corresponding report shall be filed with the system no later than the thirtieth day after the last day of the reporting period for which they are due.

 

(C)For employee deductions due on or after the effective date of this rule, if either an employee deduction or the corresponding report is not filed on or before the thirtieth day after the last day of the reporting period for which they were due, a penalty as described in section 145.47 of the Revised Code shall be added.

 

(D)

 

(1)Upon submission of a supplemental report, the employer shall also submit additional documentation, as required by the retirement system, to substantiate the nature and reason for the supplemental report.

 

(2)Notwithstanding paragraph (B) of this rule, the supplemental report, the corresponding deductions, and the documentation required in paragraph (D)(1) of this rule shall be received by the system not later than the thirtieth day after the last day of the month during which the member was paid the supplemental amount.

 

 

(3) Failure to provide any of the items in paragraph (D)(2) of this rule by the date specified in that paragraph shall cause the deductions to be subject to the penalty described in paragraph (C) of this rule.

Effective:	01/01/2006
R.C. 119.032 review dates:	09/29/2010
CERTIFIED ELECTRONICALLY
Certification
12/13/2005
Date
Promulgated Under:	111.15
Statutory Authority:	145.09
Rule Amplifies:	145.294, 145.47