As Introduced 1
123rd General Assembly 4
Regular Session H. B. No. 15 5
1999-2000 6
REPRESENTATIVES MOTTLEY-FORD-TIBERI-SCHULER- 8
ALLEN-JAMES-GRENDELL-D.MILLER-OPFER- 9
WILLAMOWSKI-LUCAS-GARDNER-TERWILLEGER- 10
BRITTON-THOMAS-SULZER-BENDER-OLMAN-EVANS-JOLIVETTE 11
12
A B I L L
To amend sections 145.294, 3307.281, and 3309.27 and 15
to enact sections 145.2910, 145.311, 145.312,
3307.282, 3307.283, 3307.413, 3309.261, 3309.262, 16
and 3309.352 of the Revised Code to allow a 17
member of the Public Employees Retirement System, 18
School Employees Retirement System, or State 19
Teachers Retirement System to purchase by payroll
deduction service credit for certain prior 20
service covered by one of the other systems. 21
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO: 23
Section 1. That sections 145.294, 3307.281, and 3309.27 be 26
amended and sections 145.2910, 145.311, 145.312, 3307.282,
3307.283, 3307.413, 3309.261, 3309.262, and 3309.352 of the 28
Revised Code be enacted to read as follows:
Sec. 145.294. (A) The public employees retirement board 37
may SHALL establish by rule a payroll deduction plan for payment 38
of the cost of restoring service credit under section 145.31 of 40
the Revised Code or purchasing any service credit members of the 41
public employees retirement system are eligible to purchase under 42
this chapter. In addition to any other matter considered 43
relevant by the board, the rules shall specify all of the 44
following: 45
(1) The types of service credit that may be paid for 47
2
through payroll deduction, including the section of the Revised 48
Code that authorizes the purchase of each type of service credit 49
for which payment may be made by payroll deduction; 50
(2) The procedure to be followed by a member to inform his 52
FOR INFORMING THE MEMBER'S employer and the system that he THE 55
MEMBER wishes to purchase service credit under this chapter 57
through payroll deduction;
(3) The procedure to be followed by the system and 59
employers to determine for each request the amount to be 60
deducted, the number of deductions to be made, and the interval 61
at which deductions will be made. The rules may provide for a 62
minimum amount for each deduction or a maximum number of 63
deductions for the purchase of any type of credit. 64
(4) The procedure to be followed by employers in 66
transmitting amounts deducted from the salaries of their 67
employees to the system; 68
(5) The procedure to be followed by the system in 70
crediting service credit to members who choose to purchase it 71
through payroll deduction. 72
(B) If the THE board establishes a payroll deduction plan 74
under this section, it shall certify to the member's employer for 75
each member for whom deductions are to be made, the amount of 76
each deduction and the payrolls from which deductions are to be 77
made. The employer shall make the deductions as certified and 78
transmit the amounts deducted in accordance with the rules 79
established by the board under this section. AT THE ELECTION OF 80
A MEMBER FOR WHOM DEDUCTIONS ARE TO BE MADE TO PURCHASE SERVICE 82
CREDIT UNDER SECTION 145.2910 OF THE REVISED CODE, THE EMPLOYER
SHALL MAKE THE DEDUCTIONS UNDER A PLAN THAT IS IN COMPLIANCE WITH 83
DIVISION (h)(2) OF SECTION 414 OF THE "INTERNAL REVENUE CODE OF 85
1986," 100 STAT. 2085, 26 U.S.C.A. 414(h)(2), AS AMENDED. 86
(C) Rules adopted under this section shall not affect any 88
right to purchase service credit conferred by any other section 89
of the Revised Code, including the right of a member under any 90
3
such section to purchase only part of the service credit he THE 91
MEMBER is eligible to purchase. 93
(D) No payroll deduction made pursuant to this section may 95
exceed the amount of a member's net compensation after all other 96
deductions and withholdings required by law. 97
Sec. 145.2910. (A) A MEMBER OF THE PUBLIC EMPLOYEES 100
RETIREMENT SYSTEM WHO IS A FORMER MEMBER OF THE SCHOOL EMPLOYEES 101
RETIREMENT SYSTEM OR STATE TEACHERS RETIREMENT SYSTEM AND HAS 102
RECEIVED A REFUND OF ACCUMULATED CONTRIBUTIONS UNDER SECTION 103
3307.46 OR 3309.42 OF THE REVISED CODE MAY PURCHASE SERVICE 105
CREDIT FOR EACH YEAR OR PORTION OF A YEAR OF SERVICE FOR WHICH 107
THE REFUND WAS MADE.
(B) A MEMBER SEEKING TO PURCHASE SERVICE CREDIT UNDER THIS 110
SECTION SHALL NOTIFY THE PUBLIC EMPLOYEES RETIREMENT SYSTEM ON A 111
FORM APPROVED BY THE PUBLIC EMPLOYEES RETIREMENT BOARD. NOT 112
LATER THAN TEN DAYS AFTER RECEIVING THE NOTICE, THE PUBLIC 113
EMPLOYEES RETIREMENT SYSTEM SHALL REQUEST THAT THE FORMER 114
RETIREMENT SYSTEM DETERMINE UNDER SECTION 3307.282 OR 3309.261 OF 115
THE REVISED CODE HOW MUCH IT WOULD COST THE MEMBER TO RESTORE 116
SERVICE CREDIT UNDER SECTION 3307.28 OR 3309.26 OF THE REVISED
CODE FOR EACH YEAR OR PORTION OF A YEAR OF SERVICE FOR WHICH THE 117
MEMBER SEEKS TO PURCHASE SERVICE CREDIT UNDER THIS SECTION. THE 118
AMOUNT THE FORMER RETIREMENT SYSTEM CERTIFIES AS THE COST OF 119
RESTORING THE SERVICE CREDIT IS THE COST TO THE MEMBER OF 120
PURCHASING SERVICE CREDIT UNDER THIS SECTION. ON RECEIVING
CERTIFICATION OF THE COST FROM THE FORMER RETIREMENT SYSTEM, THE 121
PUBLIC EMPLOYEES RETIREMENT SYSTEM SHALL NOTIFY THE MEMBER OF THE 123
AMOUNT CERTIFIED BY THE FORMER SYSTEM.
(C) FOR EACH YEAR OR PORTION OF A YEAR OF SERVICE CREDIT 126
PURCHASED UNDER THIS SECTION, A MEMBER SHALL PAY TO THE PUBLIC 127
EMPLOYEES RETIREMENT SYSTEM THE AMOUNT CERTIFIED BY THE FORMER 128
RETIREMENT SYSTEM.
(D) SUBJECT TO RULES ADOPTED BY THE BOARD, A MEMBER MAY 131
PURCHASE ALL OR PART OF THE CREDIT THE MEMBER IS ELIGIBLE TO 132
4
PURCHASE UNDER THIS SECTION IN ONE OR MORE PAYMENTS. 133
(E) IF A MEMBER DIES OR WITHDRAWS FROM SERVICE, ANY 136
PAYMENT MADE BY THE MEMBER UNDER THIS SECTION SHALL BE CONSIDERED 137
AS ACCUMULATED CONTRIBUTIONS OF THE MEMBER. 138
(F) ON APPLICATION FOR AN ALLOWANCE UNDER SECTION 145.33, 141
145.331, 145.34, 145.36, 145.361, OR 145.37 OF THE REVISED CODE 144
BY A MEMBER WHO PURCHASED SERVICE CREDIT UNDER THIS SECTION, THE 145
PUBLIC EMPLOYEES RETIREMENT SYSTEM SHALL REQUEST FROM THE FORMER 146
RETIREMENT SYSTEM AN AMOUNT OF EMPLOYER CONTRIBUTIONS EQUAL TO 147
THE AMOUNT THE MEMBER PAID UNDER THIS SECTION. 148
(G) THE BOARD SHALL ADOPT RULES TO IMPLEMENT THIS SECTION. 151
Sec. 145.311. NOT LATER THAN TEN DAYS AFTER RECEIVING A 153
REQUEST FROM THE STATE TEACHERS RETIREMENT SYSTEM UNDER DIVISION 154
(B) OF SECTION 3307.413 OR THE SCHOOL EMPLOYEES RETIREMENT SYSTEM 157
UNDER DIVISION (B) OF SECTION 3309.352 OF THE REVISED CODE, THE 160
PUBLIC EMPLOYEES RETIREMENT SYSTEM SHALL CALCULATE AND CERTIFY TO 161
THE REQUESTING RETIREMENT SYSTEM HOW MUCH IT WOULD COST A FORMER 162
MEMBER WHO RECEIVED A REFUND UNDER SECTION 145.40 OF THE REVISED 163
CODE TO RESTORE SERVICE CREDIT UNDER SECTION 145.31 OF THE
REVISED CODE FOR EACH YEAR OR PORTION OF A YEAR FOR WHICH THE 164
FORMER MEMBER SEEKS TO PURCHASE SERVICE CREDIT UNDER SECTION 166
3307.413 OR 3309.352 OF THE REVISED CODE.
Sec. 145.312. NOT LATER THAN TEN DAYS AFTER RECEIVING A 168
REQUEST FROM THE STATE TEACHERS RETIREMENT SYSTEM UNDER DIVISION 169
(F) OF SECTION 3307.413 OR THE SCHOOL EMPLOYEES RETIREMENT SYSTEM 172
UNDER DIVISION (F) OF SECTION 3309.352 OF THE REVISED CODE, THE 175
PUBLIC EMPLOYEES RETIREMENT SYSTEM SHALL TRANSFER TO THE 176
REQUESTING RETIREMENT SYSTEM AN AMOUNT FROM THE EMPLOYER'S 177
ACCUMULATION FUND EQUAL TO THE AMOUNT REQUESTED. 178
Sec. 3307.281. (A) The state teachers retirement board 187
may SHALL establish by rule payroll deduction plans for payment 188
of the following: 190
(1) The cost of restoring service credit under section 192
3307.28 of the Revised Code or purchasing any service credit 193
5
members of the state teachers retirement system are eligible to 194
purchase under this chapter; 195
(2) Charges for participation in programs established 197
under section 3307.741 of the Revised Code. 198
(B) In addition to any other matter considered relevant by 200
the board, the rules adopted under this section shall specify all 201
of the following: 202
(1) The types of service credit that may be paid for 204
through payroll deduction, including the section of the Revised 205
Code that authorizes the purchase of each type of service credit 206
for which payment may be made by payroll deduction; 207
(2) The procedure to be followed by a member to inform his 209
FOR INFORMING THE MEMBER'S employer and the system that he THE 212
MEMBER wishes to use payroll deduction to purchase service credit 214
or pay for participation in programs established under section 215
3307.741 of the Revised Code;
(3) The procedure to be followed by the system and 217
employers to determine for each request the amount to be 218
deducted, the number of deductions to be made, and the interval 219
at which deductions will be made. The rules may provide for a 220
minimum amount for each deduction. They may also provide for a 221
maximum number of deductions for the purchase of any type of 222
service credit. 223
(4) The procedure to be followed by employers in 225
transmitting amounts deducted from the compensation of their 226
employees to the system; 227
(5) The procedure to be followed by the system in 229
crediting service credit to members who choose to purchase it 230
through payroll deduction; 231
(6) The time period within which employers are required to 233
transmit amounts deducted from payrolls to the system. 234
(C)(1) If the THE board establishes a payroll deduction 236
plan under this section, it shall certify to the member's 237
employer, for each member for whom deductions are to be made, the 238
6
amount of each deduction and the payrolls from which deductions 239
are to be made. The employer shall make the deductions as 240
certified and transmit the amounts deducted in accordance with 241
the rules established by the board under this section. AT THE 242
ELECTION OF A MEMBER FOR WHOM DEDUCTIONS ARE TO BE MADE TO 243
PURCHASE SERVICE CREDIT UNDER SECTION 3307.413 OF THE REVISED 244
CODE, THE EMPLOYER SHALL MAKE THE DEDUCTIONS UNDER A PLAN THAT IS 245
IN COMPLIANCE WITH DIVISION (h)(2) OF SECTION 414 OF THE 247
"INTERNAL REVENUE CODE OF 1986," 100 STAT. 2085, 26 U.S.C.A. 249
414(h)(2), AS AMENDED.
(2) If an employer does not transmit amounts deducted from 251
the compensation of an employee to the system within the time 252
period specified in rules adopted under division (B)(6) of this 253
section, the employer shall pay interest on the deducted amount 254
compounded annually at a rate to be determined by the board from 255
the date the amount is deducted to the date it is transmitted to 256
the system. 257
(D) Rules adopted under this section shall not affect any 259
right to purchase service credit conferred by any other section 260
of the Revised Code, including the right of a member under any 261
such section to purchase only part of the service credit he THE 262
MEMBER is eligible to purchase. 264
(E) No payroll deduction made pursuant to this section may 266
exceed the amount of a member's net compensation after all other 267
deductions and withholdings required by law. 268
(F) No payments made to the system under this section 270
shall affect any contribution required by section 3307.51 or 271
3307.53 of the Revised Code. 272
Sec. 3307.282. NOT LATER THAN TEN DAYS AFTER RECEIVING A 274
REQUEST FROM THE PUBLIC EMPLOYEES RETIREMENT SYSTEM UNDER 275
DIVISION (B) OF SECTION 145.2910 OR THE SCHOOL EMPLOYEES 277
RETIREMENT SYSTEM UNDER DIVISION (B) OF SECTION 3309.352 OF THE 280
REVISED CODE, THE STATE TEACHERS RETIREMENT SYSTEM SHALL 282
CALCULATE AND CERTIFY TO THE REQUESTING RETIREMENT SYSTEM HOW 283
7
MUCH IT WOULD COST A FORMER MEMBER WHO RECEIVED A REFUND UNDER 284
SECTION 3307.46 OF THE REVISED CODE TO RESTORE SERVICE CREDIT
UNDER SECTION 3307.28 OF THE REVISED CODE FOR EACH YEAR OR 285
PORTION OF A YEAR FOR WHICH THE FORMER MEMBER SEEKS TO PURCHASE 286
SERVICE CREDIT UNDER SECTION 145.2910 OR 3309.352 OF THE REVISED
CODE.
Sec. 3307.283. NOT LATER THAN TEN DAYS AFTER RECEIVING A 288
REQUEST FROM THE PUBLIC EMPLOYEES RETIREMENT SYSTEM UNDER 289
DIVISION (F) OF SECTION 145.2910 OR THE SCHOOL EMPLOYEES 291
RETIREMENT SYSTEM UNDER DIVISION (F) OF SECTION 3309.352 OF THE 294
REVISED CODE, THE STATE TEACHERS RETIREMENT SYSTEM SHALL TRANSFER 296
TO THE REQUESTING RETIREMENT SYSTEM AN AMOUNT FROM THE EMPLOYER'S 297
TRUST FUND EQUAL TO THE AMOUNT REQUESTED. 298
Sec. 3307.413. (A) A MEMBER OF THE STATE TEACHERS 301
RETIREMENT SYSTEM WHO IS A FORMER MEMBER OF THE PUBLIC EMPLOYEES 302
RETIREMENT SYSTEM OR SCHOOL EMPLOYEES RETIREMENT SYSTEM AND HAS 303
RECEIVED A REFUND OF ACCUMULATED CONTRIBUTIONS UNDER SECTION 304
145.40 OR 3309.42 OF THE REVISED CODE MAY PURCHASE SERVICE CREDIT 306
FOR EACH YEAR OR PORTION OF A YEAR OF SERVICE FOR WHICH THE 308
REFUND WAS MADE.
(B) A MEMBER SEEKING TO PURCHASE SERVICE CREDIT UNDER THIS 311
SECTION SHALL NOTIFY THE STATE TEACHERS RETIREMENT SYSTEM ON A 312
FORM APPROVED BY THE STATE TEACHERS RETIREMENT BOARD. NOT LATER 313
THAN TEN DAYS AFTER RECEIVING THE NOTICE, THE STATE TEACHERS 314
RETIREMENT SYSTEM SHALL REQUEST THAT THE FORMER RETIREMENT SYSTEM 315
DETERMINE UNDER SECTION 145.311 OR 3309.261 OF THE REVISED CODE 316
HOW MUCH IT WOULD COST THE MEMBER TO RESTORE SERVICE CREDIT UNDER 317
SECTION 145.31 OR 3309.26 OF THE REVISED CODE FOR EACH YEAR OR
PORTION OF A YEAR OF SERVICE FOR WHICH THE MEMBER SEEKS TO 318
PURCHASE CREDIT UNDER THIS SECTION. THE AMOUNT THE FORMER 319
RETIREMENT SYSTEM CERTIFIES AS THE COST OF RESTORING THE SERVICE 320
CREDIT IS THE COST TO THE MEMBER OF PURCHASING SERVICE CREDIT
UNDER THIS SECTION. ON RECEIVING CERTIFICATION OF THE COST FROM 322
THE FORMER RETIREMENT SYSTEM, THE STATE TEACHERS RETIREMENT 323
8
SYSTEM SHALL NOTIFY THE MEMBER OF THE AMOUNT CERTIFIED BY THE 324
FORMER SYSTEM.
(C) FOR EACH YEAR OR PORTION OF A YEAR OF CREDIT PURCHASED 327
UNDER THIS SECTION, A MEMBER SHALL PAY TO THE STATE TEACHERS 328
RETIREMENT SYSTEM THE AMOUNT CERTIFIED BY THE FORMER RETIREMENT 329
SYSTEM.
(D) SUBJECT TO RULES ADOPTED BY THE BOARD, A MEMBER MAY 332
PURCHASE ALL OR PART OF THE CREDIT THE MEMBER IS ELIGIBLE TO 333
PURCHASE UNDER THIS SECTION IN ONE OR MORE PAYMENTS. 334
(E) IF A MEMBER DIES OR WITHDRAWS FROM SERVICE, ANY 337
PAYMENT MADE BY THE MEMBER UNDER THIS SECTION SHALL BE CONSIDERED 338
AS ACCUMULATED CONTRIBUTIONS OF THE MEMBER. 339
(F) ON APPLICATION FOR AN ALLOWANCE UNDER SECTION 3307.38, 342
3307.39, 3307.41, 3307.43, OR 3307.431 OF THE REVISED CODE BY A 344
MEMBER WHO PURCHASED SERVICE CREDIT UNDER THIS SECTION, THE STATE 345
TEACHERS RETIREMENT SYSTEM SHALL REQUEST FROM THE FORMER 346
RETIREMENT SYSTEM AN AMOUNT OF EMPLOYER CONTRIBUTIONS EQUAL TO 347
THE AMOUNT THE MEMBER PAID UNDER THIS SECTION. 348
(G) THE BOARD SHALL ADOPT RULES TO IMPLEMENT THIS SECTION. 351
Sec. 3309.261. NOT LATER THAN TEN DAYS AFTER RECEIVING A 353
REQUEST FROM THE PUBLIC EMPLOYEES RETIREMENT SYSTEM UNDER 354
DIVISION (B) OF SECTION 145.2910 OR THE STATE TEACHERS RETIREMENT 357
SYSTEM UNDER DIVISION (B) OF SECTION 3307.413 OF THE REVISED 360
CODE, THE SCHOOL EMPLOYEES RETIREMENT SYSTEM SHALL CALCULATE AND 361
CERTIFY TO THE REQUESTING RETIREMENT SYSTEM HOW MUCH IT WOULD 362
COST A FORMER MEMBER WHO RECEIVED A REFUND UNDER SECTION 3309.42 363
OF THE REVISED CODE TO RESTORE SERVICE CREDIT UNDER SECTION
3309.26 OF THE REVISED CODE FOR EACH YEAR OR PORTION OF A YEAR 364
FOR WHICH THE FORMER MEMBER SEEKS TO PURCHASE SERVICE CREDIT 365
UNDER SECTION 145.2910 OR 3307.413 OF THE REVISED CODE.
Sec. 3309.262. NOT LATER THAN TEN DAYS AFTER RECEIVING A 367
REQUEST FROM THE PUBLIC EMPLOYEES RETIREMENT SYSTEM UNDER 368
DIVISION (F) OF SECTION 145.2910 OR THE STATE TEACHERS RETIREMENT 371
SYSTEM UNDER DIVISION (F) OF SECTION 3307.413 OF THE REVISED 374
9
CODE, THE SCHOOL EMPLOYEES RETIREMENT SYSTEM SHALL TRANSFER TO 375
THE REQUESTING RETIREMENT SYSTEM AN AMOUNT FROM THE EMPLOYER'S 376
TRUST FUND EQUAL TO THE AMOUNT REQUESTED. 377
Sec. 3309.27. (A) The school employees retirement board 386
may SHALL establish by rule payroll deduction plans for payment 387
of the following: 389
(1) The cost of restoring service credit under section 391
3309.26 of the Revised Code or purchasing any service credit 392
members of the school employees retirement system are eligible to 393
purchase under this chapter; 394
(2) Charges for participation in programs established 396
under section 3309.691 of the Revised Code. 397
(B) In addition to any other matter considered relevant by 399
the board, the rules adopted under this section shall specify all 400
of the following: 401
(1) The types of service credit that may be paid for 403
through payroll deduction, including the section of the Revised 404
Code that authorizes the purchase of each type of service credit 405
for which payment may be made by payroll deduction; 406
(2) The procedure to be followed by a member to inform his 408
FOR INFORMING THE MEMBER'S employer and the system that he THE 411
MEMBER wishes to use payroll deduction to purchase service credit 413
or pay for participation in programs established under section 414
3309.691 of the Revised Code;
(3) The procedure to be followed by the system and 416
employers to determine for each request the amount to be 417
deducted, the number of deductions to be made, and the interval 418
at which deductions will be made. The rules may provide for a 419
minimum amount for each deduction or a maximum number of 420
deductions for the purchase of any type of service credit. 421
(4) The procedure to be followed by employers in 423
transmitting amounts deducted from the compensation of their 424
employees to the system; 425
(5) The procedure to be followed by the system in 427
10
crediting service credit to members who choose to purchase it 428
through payroll deduction. 429
(C) If the THE board establishes a payroll deduction plan 431
under this section, it shall certify to the member's employer, 432
for each member for whom deductions are to be made, the amount of 433
each deduction and the payrolls from which deductions are to be 434
made. The employer shall make the deductions as certified and 435
transmit the amounts deducted in accordance with the rules 436
established by the board under this section. AT THE ELECTION OF 437
A MEMBER FOR WHOM DEDUCTIONS ARE TO BE MADE TO PURCHASE SERVICE 439
CREDIT UNDER SECTION 3309.352 OF THE REVISED CODE, THE EMPLOYER 440
SHALL MAKE THE DEDUCTIONS UNDER A PLAN THAT IS IN COMPLIANCE WITH
DIVISION (h)(2) OF SECTION 414 OF THE "INTERNAL REVENUE CODE OF 443
1986," 100 STAT. 2085, 26 U.S.C.A. 414(h)(2), AS AMENDED. 444
(D) Rules adopted under this section shall not affect any 446
right to purchase service credit conferred by any other section 447
of the Revised Code, including the right of a member under any 448
such section to purchase only part of the service credit he THE 449
MEMBER is eligible to purchase. 451
(E) No payroll deduction made pursuant to this section may 453
exceed the amount of a member's net compensation after all other 454
deductions and withholdings required by law. 455
Sec. 3309.352. (A) A MEMBER OF THE SCHOOL EMPLOYEES 458
RETIREMENT SYSTEM WHO IS A FORMER MEMBER OF THE PUBLIC EMPLOYEES 459
RETIREMENT SYSTEM OR STATE TEACHERS RETIREMENT SYSTEM AND HAS 460
RECEIVED A REFUND OF ACCUMULATED CONTRIBUTIONS UNDER SECTION 461
145.40 OR 3307.46 OF THE REVISED CODE MAY PURCHASE SERVICE CREDIT 463
FOR EACH YEAR OR PORTION OF A YEAR OF SERVICE FOR WHICH THE 465
REFUND WAS MADE.
(B) A MEMBER SEEKING TO PURCHASE SERVICE CREDIT UNDER THIS 468
SECTION SHALL NOTIFY THE SCHOOL EMPLOYEES RETIREMENT SYSTEM ON A 469
FORM APPROVED BY THE SCHOOL EMPLOYEES RETIREMENT BOARD. NOT 470
LATER THAN TEN DAYS AFTER RECEIVING THE NOTICE, THE SCHOOL 471
EMPLOYEES RETIREMENT SYSTEM SHALL REQUEST THAT THE FORMER 472
11
RETIREMENT SYSTEM DETERMINE UNDER SECTION 145.311 OR 3307.282 OF 473
THE REVISED CODE HOW MUCH IT WOULD COST THE MEMBER TO RESTORE 474
SERVICE CREDIT UNDER SECTION 145.31 OR 3307.28 OF THE REVISED
CODE FOR EACH YEAR OR PORTION OF A YEAR OF SERVICE FOR WHICH THE 475
MEMBER SEEKS TO PURCHASE CREDIT UNDER THIS SECTION. THE AMOUNT 476
THE FORMER RETIREMENT SYSTEM CERTIFIES AS THE COST OF RESTORING 477
THE SERVICE CREDIT IS THE COST TO THE MEMBER OF PURCHASING 478
SERVICE CREDIT UNDER THIS SECTION. ON RECEIVING CERTIFICATION OF 479
THE COST FROM THE FORMER RETIREMENT SYSTEM, THE STATE TEACHERS 480
RETIREMENT SYSTEM SHALL NOTIFY THE MEMBER OF THE AMOUNT CERTIFIED 481
BY THE FORMER SYSTEM.
(C) FOR EACH YEAR OR PORTION OF A YEAR OF CREDIT PURCHASED 484
UNDER THIS SECTION, A MEMBER SHALL PAY TO THE SCHOOL EMPLOYEES 485
RETIREMENT SYSTEM THE AMOUNT CERTIFIED BY THE FORMER RETIREMENT 486
SYSTEM.
(D) SUBJECT TO RULES ADOPTED BY THE BOARD, A MEMBER MAY 489
PURCHASE ALL OR PART OF THE CREDIT THE MEMBER IS ELIGIBLE TO 490
PURCHASE UNDER THIS SECTION IN ONE OR MORE PAYMENTS. 491
(E) IF A MEMBER DIES OR WITHDRAWS FROM SERVICE, ANY 494
PAYMENT MADE BY THE MEMBER UNDER THIS SECTION SHALL BE CONSIDERED 495
AS ACCUMULATED CONTRIBUTIONS OF THE MEMBER. 496
(F) ON APPLICATION FOR AN ALLOWANCE UNDER SECTION 3309.35, 499
3309.36, 3309.38, 3309.381, 3309.40, OR 3309.401 OF THE REVISED 502
CODE BY A MEMBER WHO PURCHASED SERVICE CREDIT UNDER THIS SECTION, 503
THE SCHOOL EMPLOYEES RETIREMENT SYSTEM SHALL REQUEST FROM THE 504
FORMER RETIREMENT SYSTEM AN AMOUNT OF EMPLOYER CONTRIBUTIONS 505
EQUAL TO THE AMOUNT THE MEMBER PAID UNDER THIS SECTION. 506
(G) THE BOARD SHALL ADOPT RULES TO IMPLEMENT THIS SECTION. 509
Section 2. That existing sections 145.294, 3307.281, and 512
3309.27 of the Revised Code are hereby repealed. 513