Enhanced refund.
Ohio Administrative Code
Ohio Administrative Code
(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."Eligible contributions" does not include contributions that were used in the payment of a disability benefit under section 145.36 of the Revised Code or were refunded to the member because the system was not authorized to accept the contributions. (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 per cent 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 per cent of the member's eligible contributions. Effective: September 16, 2013 Promulgated Under: 111.15 Supplemental Information Authorized By: 145.09 , 145.401 Amplifies: 145.401 Five Year Review Date: 9/30/2026 Prior Effective Dates: 3/24/2013
Ask CiteLaw's AI Navigator anything about this regulation, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.