145-2-54 Enhanced refund.

 

 

 

145-2-54                      Enhanced refund.

 

 

 

(A)As used in this rule:

 

(1)"Eligible contributions" means amounts contributed by a member under section 145.47 of the Revised Code and, if applicable, the amounts paid by the member to purchase or restore service credit under section 145.302 or 145.31 of the Revised Code.

 

(2)"Service credit" has the same meaning as defined in section 145.401 of the Revised Code.

 

(B)For purposes of division (B) of section 145.401 of the Revised Code:

 

(1)If a member has, or at the time of death had, at least five years of service credit but less than ten years of service credit, the amount shall equal thirty-three percent of the member's eligible contributions.

 

(2)If a member has, or at the time of death had, at least ten years of service credit, the amount shall equal sixty-seven percent of the member's eligible contributions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

145-2-54         Effective:	03/24/2013	2
R.C. 119.032 review dates:	09/29/2015
CERTIFIED ELECTRONICALLY
Certification
03/14/2013
Date
Promulgated Under:	111.15
Statutory Authority:	145.09, 145.401
Rule Amplifies:	145.401