145-3-21 Purchase of service credit by combined plan members.

 

 

 

145-3-21                      Purchase of service credit by combined plan members.

 

 

 

(A)   This rule amplifies division (C) of section 145.82 of the Revised Code and section

3.05 of the combined plan document.

 

(B)   Subject to the requirements of paragraph (C) of this rule, a member participating in the combined plan may purchase service credit under division (Y) of section 145.01 and section 145.20, 145.201, 145.28, 145.29, 145.291, 145.2911, 145.293, 145.295, 145.299, 145.2913, 145.301, 145.302, 145.44, or 145.47 of the Revised Code.

 

(C)   A member particpating in the combined plan may purchase the service credit listed in paragraph (B) of this rule, subject to the following requirements:

 

(1)    For purposes of determining the member's eligibility to purchase the service credit, "contributing service in the system" shall mean contributing service under the combined plan.

 

(2)    For service credit purchased under section 145.299 of the Revised Code, the system shall obtain from its actuary certification of the additional liability to the combined plan for each month of credit the member is eligible to purchase.

 

(3)    For service credit purchased under section 145.301 of the Revised Code, the cost shall be determined in accordance with rule 145-3-29 of the Administrative Code.

 

(4)    For service credit purchased under section 145.44 of the Revised Code, "full liability" shall be determined by the actuary based on the member's participation in the combined plan.

 

(5)   Any other requirements listed in this chapter.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

145-3-21                                                                                                                                2

Effective:                                                     12/24/2004

R.C. 119.032 review dates:                         09/29/2004 and 09/29/2009

CERTIFIED ELECTRONICALLY

Certification

12/14/2004

Date

Promulgated Under:                           111.15

Statutory Authority:                           145.80.

Rule Amplifies:                                  145.01, 145.20, 145.201, 145.28, 145.29, 145.291,

145.293, 145.295, 145.299, 145.2911, 145.2913,

145.301, 145.302, 145.44, 145.47, 145.81, 145.82.

Prior Effective Dates:                         1/1/03.