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, payment pursuant to a settlement agreement, or payment to a terminated or deceased employee.

 

(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 The employer shall deduct from the earnable salary of each contributor on every payroll period subsequent to the date of coverage an amount equal to the applicable percent of the contributor's earnable salary. 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.

(E) If a member elects to have additional contributions remitted to the retirement system pursuant to section 145.2916 of the Revised Code, the contributions shall be remitted concurrently with the period of denied salary.

Effective:                                                     03/24/2013

R.C. 119.032 review dates:                         09/29/2015

CERTIFIED ELECTRONICALLY

Certification

03/14/2013

Date

Promulgated Under:                           111.15

Statutory Authority:                           145.09

Rule Amplifies:                                  145.294, 145.2916, 145.47

Prior Effective Dates:                         1/1/06, 1/1/11