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, aA member participating in the combined plan may purchase service credit underdivision (Y) of section 145.01andsection 145.20, 145.201, 145.28,145.29,145.291, 145.292, 145.293,145.295,145.299,145.2911, 145.2913,145.301, 145.302,145.44,or 145.47 of the Revised Code or former sections 145.295, 145.2911, or 145.2913 of the Revised Code as they existed prior to January 7, 2013.(C)
A member particpating in the combined plan may purchase the service credit listed inparagraph (B) of this rule, subject to the following requirements:For(1)Forpurposes of determining the member's eligibility to purchase service credit under section 145.28, 145.295, and 145.2911, or 145.2913 of the Revised Code, "eighteen months of contributing service credit in the system" means eighteen months of contributing service credit under the combined plan..(2)For service credit purchased under section 145.299 of the Revised Code, thesystem shall obtain from its actuary certification of the additional liability tothe combined plan for each month of credit the member is eligible topurchase.(3)For service credit purchased under section 145.301 of the Revised Code, thecost shall be determined in accordance with rule 145-3-29 of theAdministrative Code.(4)For service credit purchased under section 145.44 of the Revised Code, "fullliability" shall be determined by the actuary based on the member'sparticipation in the combined plan.(5)Any other requirements listed in this chapter.145-3-21 2
Effective: 03/24/2013
R.C. 119.032 review dates: 09/24/2014
CERTIFIED ELECTRONICALLY
Certification
03/14/2013
Date
Promulgated Under: 111.15
Statutory Authority: 145.80
Rule Amplifies: 145.01, 145.20, 145.201, 145.28, 145.29, 145.291,
145.292, 145.293, 145.295, 145.299, 145.2911,
145.2913, 145.301, 145.302, 145.47, 145.81, 145.82
Prior Effective Dates: 1/1/03, 12/24/04, 1/1/09
Document Information
- Effective Date:
- 3/24/2013
- File Date:
- 2013-03-14
- Last Day in Effect:
- 2013-03-24
- Rule File:
- 145-3-21_FF_A_RU_20130314_0826.pdf
- Related Chapter/Rule NO.: (1)
- Ill. Adm. Code 145-3-21. Purchase of service credit by combined plan members