SENATORS Austria, Mumper, Brady, Spada, Blessing, DiDonato, Coughlin, Amstutz, Oelslager, Hottinger, Nein, Espy, Prentiss, Hagan, Mallory, Wachtmann, Robert Gardner, Herington, White, Harris, Carnes, Randy Gardner

To amend sections 145.295, 742.21, 742.371, 742.375,

1

3307.761, 3309.73, 5505.201, and 5505.40 and to

2

enact sections 145.2913, 742.214, 3307.765,

3

3309.731, and 5505.41 of the Revised Code to permit

4

multiple transfers of service credit and

5

contributions between Ohio's state retirement

6

systems.

7

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:

Section 1. That sections 145.295, 742.21, 742.371, 742.375,	8
3307.761, 3309.73, 5505.201, and 5505.40 be amended and sections	9
145.2913, 742.214, 3307.765, 3309.731, and 5505.41 of the Revised	10
Code be enacted to read as follows:	11

Sec. 145.295.  (A) As used in this section, "militaryand	12
section 145.2913 of the Revised Code:	13

(1) "Uniform retirement system" or "uniform system" means	14
the Ohio police and fire pension fund or state highway patrol	15
retirement system.	16

(2) "Military service credit" means credit purchased or	17
obtained under this chapter or Chapter 742. or 5505. of the	18
Revised Code for service in the armed forces of the United States.	19

(B) A member of the public employees retirement system who	20
has contributions on deposit with, but is no longer contributing	21
to, the Ohio police and fire pension fund or state highway patrol	22
a uniform retirement system shall, in computing years of service,	23
be given full credit for service credit earned under Chapter 742.	24
or 5505. of the Revised Code or for military service credit if a	25
transfer to the public employees retirement system is made under	26
this division. At the request of the member, the Ohio police and	27
fire pension fund or the state highway patrol retirementuniform	28
system shall transfer to the public employees retirement system,	29
for each year of service, the sum of the following:	30

(1) An amount equal to the member's accumulated	31
contributions to the fund oruniform system making the transfer,	32
and any payments by the member for military service credit, and	33
any amounts paid under section 742.375 or 5505.201 of the Revised	34
Code to purchase service credit;	35

(2) An amount equal to the lesser of the employer's	36
contributions to the Ohio police and fire pension fund or state	37
highway patrol retirementuniform system or the amount that would	38
have been contributed by the employer for the service had the	39
member been employed by the member's current employer as a member	40
of the public employees retirement system at the time the credit	41
was earned;	42

(3) Interest, determined as provided in division (H) of this	43
section, on the amounts specified in divisions (B)(1) and (2) of	44
this section for the period from the last day of the year for	45
which the service credit in the transferring fund oruniform	46
system was earned or in which payment was made forthe military	47
service credit or credit under section 742.375 or 5505.201 of the	48
Revised Code was purchased or obtained to the date the transfer is	49
made.	50

(C) A member of the public employees retirement system who	51
has at least eighteen months of contributing service credit with	52
the public employees retirement system, who is a former member of	53
the Ohio police and fire pension fund or state highway patrola	54
uniform retirement system, and who has received a refund of the	55
member's accumulated contributions to that fund oruniform system	56
shall, in computing years of service, be given full credit for	57
service credit earned under Chapter 742. or 5505. of the Revised	58
Code or for military service credit if, for each year of service,	59
the public employees retirement system receives the sum of the	60
following:	61

(1) An amount, which shall be paid by the member, equal to	62
the amount refunded by the Ohio police and fire pension fund or	63
the state highway patrol retirementuniform system to the member	64
for that year for accumulated contributions and payments for	65
military service credit, with interest at a rate established by	66
the public employees retirement board on that amount from the date	67
of the refund to the date of the payment;	68

(2) Interest, which shall be transferred by the Ohio police	69
and fire pension fund or state highway patrol retirementuniform	70
system, on the amount refunded to the member that is attributable	71
to the year of service from the last day of the year for which the	72
service credit was earned or in which payment was made for	73
military service credit to the date the refund was made;	74

(3) An amount, which shall be transferred by the Ohio police	75
and fire pension fund or state highway patrol retirementuniform	76
system, equal to the lesser of the employer's contributions to the	77
Ohio police and fire pension fund or state highway patrol	78
retirementuniform system or the amount that would have been	79
contributed by the employer for the service had the member been	80
employed by the member's current employer as a member of the	81
public employees retirement system at the time the credit was	82
earned, with interest on that amount from the last day of the year	83
for which the service credit was earned or in which payment was	84
made for military service credit to the date of the transfer.	85

On receipt of payment from the member, the public employees	86
retirement system shall notify the Ohio police and fire pension	87
fund or the state highway patrol retirementuniform system, which,	88
on receipt of the notice, shall make the transfer required by this	89
division. Interest shall be determined as provided in division	90
(H) of this section.	91

(D) A member of the public employees retirement system who	92
purchased credit under former division (A)(1) of this section, as	93
it existed before August 25, 1995, for service as a member of the	94
Ohio police and fire pension fund or state highway patrola	95
uniform retirement system may elect to have the amount the member	96
paid for this service credit refunded to the member under this	97
division if the member agrees to repurchase this service credit	98
pursuant to division (C) of this section.	99

(E) Service credit purchased or otherwise obtained under	100
this section shall be considered the equivalent of Ohio service	101
credit.	102

A member may choose to purchase only part of the credit the	103
member is eligible to purchase under division (C) of this section	104
in any one payment, subject to rules of the public employees	105
retirement board. A member is ineligible to purchase or otherwise	106
obtain credit under this section for service to be used in	107
calculation of any retirement benefit currently being paid or	108
payable to the member in the future under any other retirement	109
program or for service credit that may be transferred under	110
section 145.2913 of the Revised Code.	111

(F) If a member of the public employees retirement system	112
who is not a current contributor elects to receive credit under	113
section 742.21 or 5505.40 of the Revised Code for service for	114
which the member contributed to the retirement system or made	115
payment for military service credit, the retirement system shall	116
transfer to the Ohio police and fire pension fund or the state	117
highway patrol retirement system, as applicable, the amount	118
specified in division (D) of section 742.21 or division (B)(2) of	119
section 5505.40 of the Revised Code.	120

(G) A member of the public employees retirement system who	121
earned service credit in the public employees retirement system	122
for full-time service as a township or municipal police officer	123
and received service credit in the Ohio police and fire pension	124
fund under section 742.511 or 742.512 of the Revised Code for such	125
service may elect to have the credit restored as public employees	126
retirement system service credit by paying the public employees	127
retirement system an amount equal to the accumulated contributions	128
paid by the member to the Ohio police and fire pension fund under	129
section 742.511 or 742.512 of the Revised Code. When such an	130
election is made, the Ohio police and fire pension fund shall	131
transfer to the public employees retirement system the amount	132
previously transferred under section 742.511 or 742.512 of the	133
Revised Code from the public employees retirement system to the	134
Ohio police and fire pension fund.	135

(H) Interest charged under this section shall be calculated	136
separately for each year of service credit. Unless otherwise	137
specified in this section, it shall be calculated at the lesser of	138
the actuarial assumption rate for that year of the public	139
employees retirement system or of the fund oruniform retirement	140
system in which the credit was earned. The interest shall be	141
compounded annually.	142

(I) At the request of the public employees retirement	143
system, the Ohio police and fire pension fund or state highway	144
patroluniform retirement system shall certify to the public	145
employees retirement system a copy of the records of the service	146
and contributions of a public employees retirement system member	147
who seeks service credit under this section.	148

Sec. 145.2913. (A) As used in this section, "transferred	149
service credit" means service credit purchased or obtained under	150
section 742.21, 742.214, 742.375, 5505.201, 5505.40, or 5505.41 of	151
Revised Code prior to the date a member commenced the employment	152
covered by the public employees retirement system for which the	153
member is currently contributing to the system.	154

(B) A member of the public employees retirement system who	155
has contributions on deposit with, but is no longer contributing	156
to, a uniform retirement system shall, in computing years of	157
service, be given full credit for transferred service credit if a	158
transfer to the public employees retirement system is made under	159
this section. At the request of a member, the uniform system	160
shall transfer to the public employees retirement system the sum	161
of the following:	162

(1) An amount equal to the amounts transferred to the	163
uniform system under section 742.21, 742.214, 742.375, 5505.201,	164
5505.40, or 5505.41 of the Revised Code;	165

(2) Interest, determined as provided in division (E) of this	166
section, on the amount specified in division (B)(1) of this	167
section for the period from the last day of the year in which the	168
transfer under section 742.21, 742.214, 742.375, 5505.201,	169
5505.40, or 5505.41 of the Revised Code was made to the date a	170
transfer is made under this section.	171

(C) A member of the public employees retirement system with	172
at least eighteen months of contributing service credit with the	173
public employees retirement system who has received a refund of	174
contributions to a uniform retirement system shall, in computing	175
years of service, be given full credit for transferred service	176
credit if, for each year of service, the public employees	177
retirement system receives the sum of the following:	178

(1) An amount, which shall be paid by the member, equal to	179
the amount refunded by the uniform system to the member for that	180
year for transferred service credit, with interest on that amount	181
from the date of the refund to the date a payment is made under	182
this section;	183

(2) Interest, which shall be transferred by the uniform	184
system, on the amount refunded to the member for the period from	185
the last day of the year in which the transfer under section	186
742.21, 742.214, 742.375, 5505.201, 5505.40, or 5505.41 of the	187
Revised Code was made to the date the refund was made;	188

(3) If the uniform system retained any portion of the amount	189
transferred under section 742.21, 742.214, 742.375, 5505.201,	190
5505.40, or 5505.41 of the Revised Code, an amount, which shall be	191
transferred by the uniform system, equal to the amount retained,	192
with interest on that amount for the period from the last day of	193
the year in which the transfer under section 742.21, 742.214,	194
742.375, 5505.201, 5505.40, or 5505.41 of the Revised Code was	195
made to the date a transfer is made under this section.	196

On receipt of payment from the member, the public employees	197
retirement system shall notify the uniform system, which, on	198
receipt of the notice, shall make the transfer required by this	199
division. Interest shall be determined as provided in division	200
(E) of this section.	201

(D) Service credit purchased or obtained under this section	202
shall be considered the equivalent of Ohio service credit. A	203
member may choose to purchase only part of the credit the member	204
is eligible to purchase under division (C) of this section in any	205
one payment, subject to rules adopted by the public employees	206
retirement board. A member is ineligible to purchase or obtain	207
service credit under this section for service to be used in the	208
calculation of any retirement benefit currently being paid or	209
payable to the member in the future under any other retirement	210
program or for service credit that may be purchased or obtained	211
under section 145.295 of the Revised Code.	212

(E) Interest charged under this section shall be calculated	213
separately for each year of service credit at the lesser of the	214
actuarial assumption rate for that year of the public employees	215
retirement system or of the uniform retirement system to which the	216
credit was transferred under section 742.21, 742.214, 742.375,	217
5505.201, 5505.40, or 5505.41 of the Revised Code. The interest	218
shall be compounded annually.	219

(F) Any amounts transferred or paid under divisions (B) and	220
(C) of this section that are attributable to contributions made by	221
the member or to amounts paid to purchase service credit shall be	222
credited to the employees' savings fund created under section	223
145.23 of the Revised Code. Any remaining amounts shall be	224
credited to one or more of the funds created under that section as	225
determined by the board.	226

(G) At the request of the public employees retirement	227
system, the uniform retirement system shall certify to the public	228
employees retirement system a copy of the records of the service	229
and contributions of a public employees retirement system member	230
who seeks service credit under this section. The uniform	231
retirement system shall specify the portions of the amounts	232
transferred that are attributable to employee contributions,	233
employer contributions, and interest.	234

(H) If a member of the public employees retirement system	235
who is not a current contributor elects to receive service credit	236
under section 742.214 or 5505.41 of the Revised Code for	237
transferred service credit, as defined in those sections, the	238
system shall transfer to the uniform retirement system, as	239
applicable, the amount specified in division (B) or (C) of section	240
742.214 or division (B) or (C) of section 5505.41 of the Revised	241
Code.	242

(I) The board may adopt rules to implement this section.

243

Sec.  742.21.  (A) As used in this section and sections	245
742.211 to 742.213742.214 of the Revised Code:	246

(1) "Full-time service" has the meaning established by rule	247
of the board of trustees of the Ohio police and fire pension fund.	248

(2) "Military service credit" means credit for service in	249
the armed forces of the United States purchased or obtained from	250
the fund, or from the Cincinnati retirement system, public	251
employees retirement system, school employees retirement system,	252
or state teachersa non-uniform retirement system.	253

(3) "Non-uniform retirement system" or "non-uniform system"	254
means the public employees retirement system, school employees	255
retirement system, or state teachers retirement system.	256

(B) Unless section 742.212 of the Revised Code applies and	257
except as provided in division (I) of this section, in computing	258
the pension and benefits payable under section 742.37 or 742.39 of	259
the Revised Code, the Ohio police and fire pension fund shall give	260
a member of the fund who is in the active service of a police or	261
fire department and is not receiving a pension or benefit payment	262
from the fund full credit for service credit earned for full-time	263
service as a member of the Cincinnati retirement system or	264
purchased or obtained as military service credit if, for each	265
year of service credit, the fund receives the sum of the	266
following:	267

(1) An amount, which shall be paid by the member, equal to	268
the amount withdrawn by the member from the retirement system that	269
is attributable to the year of service credit, with interest at a	270
rate established by the board on that amount from the date of	271
withdrawal to the date of payment;	272

(2) Interest, which shall be paid either by the member or	273
the Cincinnati retirement system, on the amount withdrawn by the	274
member from the Cincinnati retirement system that is attributable	275
to the year of service from the last day of the year for which the	276
service credit was earned or in which payment was made for	277
military service credit to the date the withdrawal was made;	278

(3) An amount, which shall be paid by either the member or	279
the Cincinnati retirement system, equal to the lesser of the	280
amount contributed by the employer to the Cincinnati retirement	281
system for the year of service or the amount that would have been	282
contributed by the employer for the year of service had the member	283
been employed by the member's current employer as a member of a	284
police or fire department at the time the credit was earned, with	285
interest on that amount from the last day of the year for which	286
the service credit was earned or in which payment was made for	287
military service credit to the date the payment is made;	288

(4) If the member became a member of the fund on or after	289
September 16, 1998, the amount, which shall be paid by the member,	290
determined pursuant to division (I) of this section.	291

Interest shall be determined in accordance with division (H)	292
of this section.	293

(C)(1) Except as provided in division (I) of this section,	294
in computing the pension and benefits payable under section 742.37	295
or 742.39 of the Revised Code, the fund shall give a member of the	296
fund who is in the active service of a police or fire department,	297
is not receiving a pension or benefit payment from the fund, and	298
has withdrawn the member's contributions from the public employees	299
retirement system, school employees retirement system, or state	300
teachersa non-uniform retirement system full credit for service	301
credit earned for full-time service as a member of the public	302
employees retirement system, school employees retirement system,	303
or state teachers retirementnon-uniform system or purchased or	304
obtained as military service credit if, for each year of service,	305
the fund receives the sum of the following:	306

(a) An amount, which shall be paid by the member, equal to	307
the amount withdrawn by the member from the former retirement	308
non-uniform system that is attributable to that year of service	309
credit, with interest at a rate established by the board on that	310
amount from the date of withdrawal to the date of payment;	311

(b) If the member is seeking credit for service under the	312
public employees retirement system or state teachers retirement	313
system, an amount, which shall be paid by the member, equal to the	314
amount of any employer contributions and interest on employee	315
contributions the member received under section 145.40 or 3307.563	316
of the Revised Code;	317

(c) Interest, which shall be transferred by the former	318
retirementnon-uniform system, on the amount withdrawn by the	319
member from the retirementnon-uniform system that is attributable	320
to the year of service from the last day of the year for which the	321
service credit was earned or in which payment was made for	322
military service credit to the date the withdrawal was made;	323

(d) An amount, which shall be transferred by the former	324
retirementnon-uniform system, equal to the lesser of the amount	325
contributed by the employer to the retirementnon-uniform system	326
for the year of service or the amount that would have been	327
contributed by the employer for the year of service had the member	328
been employed by the member's current employer as a member of a	329
police or fire department at the time the credit was earned, with	330
interest on thethat amount transferred from the last day of the	331
year for which the service credit was earned or in which payment	332
was made for military service credit to the date the transfer is	333
made;	334

(e) If the member became a member of the fund on or after	335
September 16, 1998, the amount, which shall be paid by the member,	336
determined pursuant to division (I) of this section.	337

(2) On receipt of payment from the member, the fund shall	338
notify the former retirementnon-uniform system, and on receipt of	339
the notice, the retirementnon-uniform system shall make the	340
transfer. Interest shall be determined in accordance with	341
division (H) of this section.	342

(3) The amount transferred under division (C)(1) of this	343
section by the public employees retirement system or state	344
teachers retirement system shall not include any amount of	345
employer contributions and interest on employee contributions the	346
member received under section 145.40 or 3307.563 of the Revised	347
Code.	348

(D) Except as provided in division (I) of this section, in	349
computing the pension and benefits payable under section 742.37 or	350
742.39 of the Revised Code, the fund shall give a member of the	351
fund who is in the active service of a police or fire department,	352
is not receiving a pension or benefit from the fund, and has	353
contributions on deposit with the public employees retirement	354
system, school employees retirement system, or state teachersa	355
non-uniform retirement system full credit for service credit	356
earned for full-time service as a member of one of those	357
retirement systems,the non-uniform system or service credit	358
purchased or obtained as military service credit, and any service	359
credit obtained under section 145.295, 3307.761, or 3309.73 of	360
the Revised Code for service for which contributions were made to	361
the state highway patrol retirement system. The credit shall be	362
given if both of the following occur:	363

(1) The retirementnon-uniform system transfers to the fund,	364
for each year of service, the sum of the following:	365

(a) The amount, contributed by the member or, in the case	366
of military service credit, paid by the member, that is	367
attributable to that service;	368

(b) An amount equal to the lesser of the amount contributed	369
by the employer to the retirementnon-uniform system for the year	370
of service or the amount that would have been contributed by the	371
employer for the year of service had the member been employed by	372
the member's current employer as a member of a police or fire	373
department at the time the credit was earned;	374

(c) An amount equal to any amount received by the retirement	375
system under section 145.295, 3307.761, or 3309.73 of the Revised	376
Code;	377

(d) Interest on the amounts specified in divisions	378
(D)(1)(a),and (b), and (c) of this section from the last day of	379
the year for which the service credit in the transferring	380
retirementnon-uniform system was earned or in which payment was	381
made for military service credit or credit under section 145.295,	382
3307.761, or 3309.73 of the Revised Code was purchased or obtained	383
to the date the transfer is made.	384

(2) If the member became a member of the fund on or after	385
September 16, 1998, the member pays the amount determined pursuant	386
to division (I) of this section.	387

On receipt of a request from the member, the appropriate	388
retirementnon-uniform system shall make the transfer specified in	389
division (D)(1) of this section. Interest shall be determined in	390
accordance with division (H) of this section.	391

(E) Subject to board rules, a member of the fund may choose	392
to purchase in any one payment only part of the credit the member	393
is eligible to purchase under division (B) or (C)(1) of this	394
section.	395

(F) At the request of the fund, the public employees	396
retirement system, school employees retirement system, state	397
teachersnon-uniform retirement system, or Cincinnati retirement	398
system shall certify to the fund a copy of the records of the	399
service and contributions of a member of the fund who seeks	400
service credit under this section.	401

(G) A member of the fund is ineligible to receive credit	402
under this section for service that is used in the calculation of	403
any retirement benefit currently being paid or payable in the	404
future to the member under any other retirement program, or	405
service rendered concurrently with any other period for which	406
service credit has already been granted, or for service credit	407
that may be transferred under section 742.214 of the Revised Code.	408

(H) Interest charged under this section shall be calculated	409
separately for each year of service credit. Unless otherwise	410
specified in this section, it shall be calculated at the lesser of	411
the actuarial assumption rate for that year of the fund or of the	412
retirement system in which the credit was earned. The interest	413
shall be compounded annually.	414

The board may, by rule, establish procedures for the receipt	415
of service credit under this section.	416

(I) The amount to be paid pursuant to division (B)(4),	417
(C)(4)(1)(e), or (D)(2) of this section or division (B)(2) or	418
(C)(2)(b) of section 742.212 of the Revised Code is the sum of the	419
following:	420

(1) An amount equal to the difference between the amount the	421
member paid as employee contributions for the service and the	422
amount the member would have paid had the member been employed by	423
the member's current employer as a member of a police or fire	424
department;	425

(2) An amount equal to the difference between the amount	426
paid or transferred under division (B)(3), (C)(3)(1)(d), or	427
(D)(1)(b) of this section or division (B)(2) or (C)(2)(b) of	428
section 742.212 of the Revised Code and the amount that would have	429
been contributed by the employer for the service had the member	430
been employed by the member's current employer as a member of a	431
police or fire department;	432

(3) Interest, determined in accordance with division (H) of	433
this section, on the amounts specified in divisions (I)(1) and (2)	434
of this section.	435

At the request of a member, in lieu of requiring payment of	436
all or part of the amount determined under this division the fund	437
may grant the member an amount of service credit under division	438
(B), (C), or (D) of this section or division (B) or (C) of section	439
742.212 of the Revised Code that is less than the amount for which	440
the member is eligible. The service credit granted shall be the	441
same percentage of the service credit for which the member is	442
eligible that the amount the fund receives under division (B),	443
(C), or (D) of this section or division (B) or (C) of section	444
742.212 of the Revised Code is of the total amount it would	445
receive under those divisions if the full amount determined under	446
this division was paid.	447

(J)(1) Except as provided in division (J)(2) of this section	448
and notwithstanding any contrary provision of this section, the	449
board shall, in computing a pension or benefit under section	450
742.37 or 742.39 of the Revised Code, give a member of the fund	451
who is not receiving a pension or disability benefit from the fund	452
full credit for service credit purchased under this section for	453
service that was less than full-time service if the member	454
provides evidence satisfactory to the board that, after receiving	455
written notice from the fund indicating that the member would be	456
permitted to purchase service credit for service that was less	457
than full-time, the member changed or ceased the member's	458
employment with the understanding that the credit identified in	459
the notice would be used in computing a pension or benefit. If	460
the board has canceled service credit purchased under this section	461
for service that was less than full-time service and the member	462
meets the requirements of division (J)(1) of this section, the	463
board shall restore the service credit on repayment to the fund of	464
the amount refunded to the member at the time of cancellation.	465

(2) If a member of the fund who is not receiving a pension	466
or disability benefit from the fund purchased credit under this	467
section for service that was less than full-time service and does	468
not meet the requirements of division (J)(1) of this section, the	469
board shall refund to the member any amounts paid to purchase the	470
credit, with interest at a rate determined by the board from the	471
date the member purchased the credit to the date of the refund.	472

(K) A member of the fund who has purchased service credit	473
under this section, or the member's estate, is entitled to a	474
refund of the amount or portion of the amount paid to purchase the	475
credit if the purchased credit or portion of credit does not	476
increase a pension or benefit payable under section 742.37 or	477
742.39 of the Revised Code. The refund cancels an equivalent	478
amount of service credit.	479

(L) If a member or former member of the fund who is not a	480
current contributor and has not received a refund of accumulated	481
contributions elects to receive credit under section 145.295,	482
3307.761, or 3309.73 of the Revised Code for service for which	483
the member contributed to the fund or purchased as military	484
service credit, the fund shall transfer to the public employees	485
retirement system, school employees retirement system, or state	486
teachersnon-uniform retirement system the amount specified in	487
division (B) of section 145.295 of the Revised Code, division	488
(B)(C) of section 3307.761 of the Revised Code, or division (B) of	489
section 3309.73 of the Revised Code.	490

(M) The board shall adopt rules establishing a payroll	491
deduction plan for the purchase of service credit under this	492
section. The rules shall meet the requirements described in	493
section 742.56 of the Revised Code.	494

Sec. 742.214. (A) As used in this section, "transferred	495
service credit" means service credit purchased or obtained under	496
section 145.295, 145.2913, 3307.761, 3307.765, 3309.73, or	497
3309.731 of Revised Code prior to the date a member commenced the	498
employment covered by the Ohio police and fire pension fund for	499
which the member is currently contributing to the fund.	500

(B) A member of the Ohio police and fire pension fund who is	501
in the active service of a police or fire department and has	502
contributions on deposit with, but is no longer contributing to, a	503
non-uniform retirement system shall, in computing years of	504
service, be given full credit for transferred service credit if a	505
transfer to the Ohio police and fire pension fund is made under	506
this section. At the request of a member, the non-uniform system	507
shall transfer to the Ohio police and fire pension fund the sum of	508
the following:	509

(1) An amount equal to the amounts transferred to the	510
non-uniform system under section 145.295, 145.2913, 3307.761,	511
3307.765, 3309.73, or 3309.731 of the Revised Code;	512

(2) Interest, determined as provided in division (E) of this	513
section, on the amount specified in division (B)(1) of this	514
section for the period from the last day of the year in which the	515
transfer under section 145.295, 145.2913, 3307.761, 3307.765,	516
3309.73, or 3309.731 of the Revised Code was made to the date a	517
transfer is made under this section.	518

(C) A member of the fund with at least eighteen months of	519
contributing service credit with the Ohio police and fire pension	520
fund who is in the active service of a police or fire department	521
and has received a refund of contributions to a non-uniform	522
retirement system shall, in computing years of service, be given	523
full credit for transferred service credit if, for each year of	524
service, the Ohio police and fire pension fund receives the sum of	525
the following:	526

(1) An amount, which shall be paid by the member, equal to	527
the amount refunded by the non-uniform system to the member for	528
that year for transferred service credit, with interest on that	529
amount from the date of the refund to the date a payment is made	530
under this section;	531

(2) Interest, which shall be transferred by the non-uniform	532
system, on the amount refunded to the member for the period from	533
the last day of the year in which the transfer under section	534
145.295, 145.2913, 3307.761, 3307.765, 3309.73, or 3309.731 of the	535
Revised Code was made to the date the refund was made;	536

(3) If the non-uniform system retained any portion of the	537
amount transferred under section 145.295, 145.2913, 3307.761,	538
3307.765, 3309.73, or 3309.731 of the Revised Code, an amount,	539
which shall be transferred by the non-uniform system, equal to the	540
amount retained, with interest on that amount for the period from	541
the last day of the year in which the transfer under section	542
145.295, 145.2913, 3307.761, 3307.765, 3309.73, or 3309.731 of the	543
Revised Code was made to the date a transfer is made under this	544
section.	545

On receipt of payment from the member, the Ohio police and	546
fire pension fund shall notify the non-uniform system, which, on	547
receipt of the notice, shall make the transfer required by this	548
division. Interest shall be determined as provided in division	549
(E) of this section.	550

(D) Service credit purchased or obtained under this section	551
shall be used in computing the pension and benefits payable under	552
section 742.37 or 742.39 of the Revised Code. A member may choose	553
to purchase only part of the credit the member is eligible to	554
purchase under division (C) of this section in any one payment,	555
subject to rules adopted by the board of trustees of the Ohio	556
police and fire pension fund. A member is ineligible to purchase	557
or obtain service credit under this section for service to be used	558
in the calculation of any retirement benefit currently being paid	559
or payable to the member in the future under any other retirement	560
program or for service credit that may be purchased or obtained	561
under section 742.21 of the Revised Code.	562

(E) Interest charged under this section shall be calculated	563
separately for each year of service credit at the lesser of the	564
actuarial assumption rate for that year of the Ohio police and	565
fire pension fund or of the non-uniform retirement system to which	566
the credit was transferred under section 145.295, 145.2913,	567
3307.761, 3307.765, 3309.73, or 3309.731 of the Revised Code. The	568
interest shall be compounded annually.	569

(F) Any amounts transferred or paid under divisions (B) and	570
(C) of this section that are attributable to contributions made by	571
the member or to amounts paid to purchase service credit shall be	572
credited to the police officers' contribution fund or	573
firefighters' contribution fund created under section 742.59 of	574
the Revised Code, as applicable. Any remaining amounts shall be	575
credited to one or more of the funds created under that section as	576
determined by the board.	577

(G) At the request of the Ohio police and fire pension fund,	578
the non-uniform retirement system shall certify to the fund a copy	579
of the records of the service and contributions of a member of the	580
fund who seeks service credit under this section. The non-uniform	581
retirement system shall specify the portions of the amounts	582
transferred that are attributable to employee contributions,	583
employer contributions, and interest.	584

(H) If a member of the fund who is not a current contributor	585
elects to receive service credit under section 145.2913, 3307.765,	586
or 3309.731 of the Revised Code for transferred service credit, as	587
defined in those sections, the fund shall transfer to the	588
non-uniform retirement system, as applicable, the amount specified	589
in division (B) or (C) of section 145.2913, division (B) or (C) of	590
section 3307.765, or division (B) or (C) of section 3309.731 of	591
the Revised Code.	592

(I) The board may adopt rules to implement this section.

593

Sec. 742.371.  (A) As used in this section, "lay off" has	595
the same meaning as in division (A) of section 742.27 of the	596
Revised Code.	597

(B) AExcept for service credit transferred under section	598
742.214 of the Revised Code, a member of the fund who has	599
voluntarily resigned or who voluntarily resigns or who has been or	600
is removed from active service in a police or fire department for	601
any reason other than a lay off that was involuntary, as certified	602
pursuant to division (C) of this section, and receives or has	603
received from a police relief and pension fund under division (I)	604
of former section 741.49 of the Revised Code, or from a firemen's	605
relief and pension fund under division (I) of former section	606
741.18 of the Revised Code, or from a township firemen's relief	607
and pension fund under division (I) of former section 521.11 of	608
the Revised Code, or from the Ohio police and fire pension fund	609
under division (G) of section 742.37 of the Revised Code, an	610
amount equal to the sum deducted from the member's salary and	611
credited to one of such funds shall, upon reinstatement to the	612
active service of such police or fire department, deposit with the	613
Ohio police and fire pension fund an amount equal to the sum so	614
received by the member, with interest compounded annually thereon,	615
at a rate to be determined by the board of trustees of the Ohio	616
police and fire pension fund, from the date of such receipt to the	617
date of such deposit. The member may choose to purchase only part	618
of such credit in any one payment, subject to board rules. Such	619
member shall not be entitled to receive any pension or benefit	620
payments under division (B) or (C) of section 742.37 or section	621
742.39 of the Revised Code until the member has made the deposit	622
required by this section.	623

(C) A member of the fund who has been or is removed from	624
active service in a police or fire department as a result of a lay	625
off that was involuntary, as certified pursuant to this division,	626
and receives or has received from a police relief and pension fund	627
under division (I) of former section 741.49 of the Revised Code,	628
or from a firemen's relief and pension fund under division (I) of	629
former section 741.18 of the Revised Code, or from a township	630
firemen's relief and pension fund under division (I) of former	631
section 521.11 of the Revised Code, or from the Ohio police and	632
fire pension fund under division (G) of section 742.37 of the	633
Revised Code, an amount equal to the sum deducted from the	634
member's salary and credited to one of such funds may, upon	635
reinstatement to the active service of such police or fire	636
department, deposit with the Ohio police and fire pension fund an	637
amount equal to the sum so received by the member, with interest	638
compounded annually thereon, at a rate to be determined by the	639
board of trustees of the Ohio police and fire pension fund from	640
the date of such receipt to the date of such deposit. The member	641
may choose to purchase only part of such credit in any one	642
payment, subject to board rules.	643

If any police or fire department reinstates a member of the	644
fund who was removed from active service in that police or fire	645
department as a result of a lay off that was involuntary, the	646
police or fire department shall upon the request of that member	647
certify to the fund that the member was removed from active	648
service in that police or fire department as a result of a lay off	649
that was involuntary.	650

Sec. 742.375. AExcept for service credit transferred under	651
section 742.214 of the Revised Code, a member of the fund who is	652
in the active service of a police or fire department and is not	653
receiving a pension or benefit payment from the Ohio police and	654
fire pension fund shall, in computing years of active service in	655
such department under division (C) of section 742.37 or section	656
742.39 of the Revised Code, be given full credit for the time	657
served in the state highway patrol retirement system, provided	658
such member pays into the Ohio police and fire pension fund the	659
amount received by the member under section 5505.19 of the Revised	660
Code, with interest compounded annually thereon at a rate to be	661
determined by the board of trustees of the Ohio police and fire	662
pension fund from the date of such receipt to the date of such	663
deposit. The member may choose to purchase only part of such	664
credit in any one payment, subject to board rules.	665

Upon certification by the board to the board of the state	666
highway patrol retirement system of such payment by the member of	667
the fund, the state highway patrol retirement board shall pay from	668
the employer's accumulation fund under division (C) of section	669
5505.03 of the Revised Code to the Ohio police and fire pension	670
fund an amount equal to the payment of the member of the fund.	671

Sec. 3307.761.  (A) As used in this section, "militaryand	672
section 3307.765 of the Revised Code:	673

(1) "Uniform retirement system" or "uniform system" means	674
the Ohio police and fire pension fund or state highway patrol	675
retirement system.	676

(2) "Military service credit" means credit purchased or	677
obtained under this chapter or Chapter 742. or 5505. of the	678
Revised Code for service in the armed forces of the United States.	679

(B) A member of the state teachers retirement system	680
participating in the plan described in sections 3307.50 to 3307.79	681
of the Revised Code who has contributions on deposit with the Ohio	682
police and fire pension fund or the state highway patrola uniform	683
retirement system shall, in computing years of total service, be	684
given full credit for service credit earned under Chapter 742. or	685
5505. of the Revised Code or for military service credit if a	686
transfer to the state teachers retirement system is made under	687
this division. At the request of the member, the Ohio police and	688
fire pension fund or state highway patrol retirementuniform	689
system shall transfer to the state teachers retirement system, for	690
each year of service, the sum of the following:	691

(1) An amount equal to the member's accumulated	692
contributions to the transferring fund oruniform system,and any	693
payments by the member for military service credit, and any	694
amounts paid under section 742.375 or 5505.201 of the Revised Code	695
to purchase service credit;	696

(2) An amount equal to the lesser of the employer's	697
contributions to the Ohio police and fire pension fund or state	698
highway patrol retirementuniform system or the amount that would	699
have been contributed by the employer for the service had the	700
member been a member of the state teachers retirement system at	701
the time the credit was earned;	702

(3) Interest, determined as provided in division (F) of this	703
section, on the amounts specified in divisions (B)(1) and (2) of	704
this section from the last day of the year for which the service	705
credit in the transferring fund oruniform system was earned or in	706
which payment was made for military service credit or service	707
credit under section 742.375 or 5505.201 of the Revised Code was	708
purchased or obtained to the date the transfer is made.	709

(C) A member participating in the plan described in sections	710
3307.50 to 3307.79 of the Revised Code who has at least eighteen	711
months of contributing service with the state teachers retirement	712
system, is a former member of the Ohio police and fire pension	713
fund or state highway patrola uniform retirement system, and has	714
received a refund of contributions to that fund oruniform system	715
shall, in computing years of total service, be given full credit	716
for service credit earned under Chapter 742. or 5505. of the	717
Revised Code or for military service credit if, for each year of	718
service, the state teachers retirement system receives the sum of	719
the following:	720

(1) An amount, which shall be paid by the member, equal to	721
the amount refunded by the Ohio police and fire pension fund or	722
the state highway patrol retirementuniform system to the member	723
for that year for accumulated contributions and payments for	724
military service credit, with interest at a rate established by	725
the state teachers retirement board on that amount from the date	726
of the refund to the date of the payment;	727

(2) Interest, which shall be transferred by the Ohio police	728
and fire pension fund or state highway patrol retirementuniform	729
system, on the amount refunded to the member that is attributable	730
to the year of service from the last day of the year for which the	731
service credit was earned or in which payment was made for	732
military service credit to the date the refund was made;	733

(3) An amount, which shall be transferred by the Ohio police	734
and fire pension fund or state highway patrol retirementuniform	735
system, equal to the lesser of the employer's contributions to	736
the Ohio police and fire pension fund or state highway patrol	737
retirementuniform system or the amount that would have been	738
contributed by the employer for the service had the member been a	739
member of the state teachers retirement system at the time the	740
credit was earned, with interest on that amount from the last day	741
of the year for which the service credit was earned or in which	742
payment was made for military service to the date of the	743
transfer.	744

On receipt of payment from the member, the state teachers	745
retirement system shall notify the Ohio police and fire pension	746
fund or the state highway patrol retirementuniform system, which,	747
on receipt of the notice, shall make the transfer required by this	748
division. Interest shall be determined as provided in division	749
(F) of this section.	750

A member may choose to purchase only part of the credit the	751
member is eligible to purchase under this division in any one	752
payment, subject to rules of the state teachers retirement board.	753

(D) A member is ineligible to obtain credit under this	754
section for service that is used in the calculation of any	755
retirement benefit currently being paid or payable in the future	756
under any other retirement program or for service credit that may	757
be transferred under section 3307.765 of the Revised Code.	758

(E) If a member of the state teachers retirement system who	759
is not a current contributor elects to obtain credit under section	760
742.21 or 5505.40 of the Revised Code for service for which the	761
member contributed to the state teachers retirement system or made	762
paymentpurchased for military service credit, the state teachers	763
retirement system shall transfer to the Ohio police and fire	764
pension fund or state highway patroluniform retirement system, as	765
applicable, the amount specified in division (D) of section 742.21	766
or division (B)(2) of section 5505.40 of the Revised Code.	767

(F) Interest charged under this section shall be calculated	768
separately for each year of service credit. Unless otherwise	769
specified in this section it shall be calculated at the lesser of	770
the actuarial assumption rate for that year of the state teachers	771
retirement system or of the fund oruniform retirement system in	772
which the credit was earned. The interest shall be compounded	773
annually.	774

(G) The state teachers retirement board shall credit to a	775
member's account in the teachers' savings fund the amounts	776
described in divisions (B)(1) and (C)(1) of this section, except	777
that the interest paid by the member under division (C)(1) of this	778
section shall be credited to the employers' trust fund. The board	779
shall credit to the employers' trust fund the amounts described in	780
divisions (B)(2) and (3) and (C)(2) and (3) of this section.	781

(H) At the request of the state teachers retirement system,	782
the Ohio police and fire pension fund or state highway patrol	783
retirement system shall certify to the state teachers retirement	784
system a copy of the records of the service and contributions of a	785
state teachers retirement system member who seeks service credit	786
under this section.	787

Sec. 3307.765. (A) As used in this section, "transferred	788
service credit" means service credit purchased or obtained under	789
section 742.21, 742.214, 742.375, 5505.201, 5505.40, or 5505.41 of	790
the Revised Code prior to the date a member commenced the	791
employment covered by the state teachers retirement system for	792
which the member is currently contributing to the system.	793

(B) A member of the state teachers retirement system who has	794
contributions on deposit with, but is no longer contributing to, a	795
uniform retirement system shall, in computing years of total	796
service, be given full credit for transferred service credit if a	797
transfer to the state teachers retirement system is made under	798
this section. At the request of a member, the uniform system	799
shall transfer to the state teachers retirement system the sum of	800
the following:	801

(1) An amount equal to the amounts transferred to the	802
uniform system under section 742.21, 742.214, 742.375, 5505.201,	803
5505.40, or 5505.41 of the Revised Code;	804

(2) Interest, determined as provided in division (E) of this	805
section, on the amount specified in division (B)(1) of this	806
section for the period from the last day of the year in which the	807
transfer under section 742.21, 742.214, 742.375, 5505.201,	808
5505.40, or 5505.41 of the Revised Code was made to the date a	809
transfer is made under this section.	810

(C) A member of the state teachers retirement system with at	811
least eighteen months of contributing service credit with the	812
state teachers retirement system who has received a refund of	813
contributions to a uniform retirement system shall, in computing	814
years of total service, be given full credit for transferred	815
service credit if, for each year of service, the state teachers	816
retirement system receives the sum of the following:	817

(1) An amount, which shall be paid by the member, equal to	818
the amount refunded by the uniform system to the member for that	819
year for transferred service credit, with interest on that amount	820
from the date of the refund to the date a payment is made under	821
this section;	822

(2) Interest, which shall be transferred by the uniform	823
system, on the amount refunded to the member for the period from	824
the last day of the year in which the transfer under section	825
742.21, 742.214, 742.375, 5505.201, 5505.40, or 5505.41 of the	826
Revised Code was made to the date the refund was made;	827

(3) If the uniform system retained any portion of the amount	828
transferred under section 742.21, 742.214, 742.375, 5505.201,	829
5505.40, or 5505.41 of the Revised Code, an amount, which shall be	830
transferred by the uniform system, equal to the amount retained,	831
with interest on that amount for the period from the last day of	832
the year in which the transfer under section 742.21, 742.214,	833
742.375, 5505.201, 5505.40, or 5505.41 of the Revised Code was	834
made to the date a transfer is made under this section.	835

On receipt of payment from the member, the state teachers	836
retirement system shall notify the uniform system, which, on	837
receipt of the notice, shall make the transfer required by this	838
division. Interest shall be determined as provided in division	839
(E) of this section.	840

(D) A member may choose to purchase only part of the credit	841
the member is eligible to purchase under division (C) of this	842
section in any one payment, subject to rules adopted by the state	843
teachers retirement board. A member is ineligible to purchase or	844
obtain service credit under this section for service to be used in	845
the calculation of any retirement benefit currently being paid or	846
payable to the member in the future under any other retirement	847
program or for service credit that may be purchased or obtained	848
under section 3307.761 of the Revised Code.	849

(E) Interest charged under this section shall be calculated	850
separately for each year of service credit at the lesser of the	851
actuarial assumption rate for that year of the state teachers	852
retirement system or of the uniform retirement system to which the	853
credit was transferred under section 742.21, 742.214, 742.375,	854
5505.201, 5505.40, or 5505.41 of the Revised Code. The interest	855
shall be compounded annually.	856

(F) Any amounts transferred or paid under divisions (B) and	857
(C) of this section that are attributable to contributions made by	858
the member or to amounts paid to purchase service credit shall be	859
credited to the teachers' savings fund created under section	860
3307.14 of the Revised Code. Any remaining amounts shall be	861
credited to one or more of the funds created under that section as	862
determined by the board.	863

(G) At the request of the state teachers retirement system,	864
the uniform retirement system shall certify to the state teachers	865
retirement system a copy of the records of the service and	866
contributions of a state teachers retirement system member who	867
seeks service credit under this section. The uniform retirement	868
system shall specify the portions of the amounts transferred that	869
are attributable to employee contributions, employer	870
contributions, and interest.	871

(H) If a member of the state teachers retirement system who	872
is not a current contributor elects to receive service credit	873
under section 742.214 or 5505.41 of the Revised Code for	874
transferred service credit, as defined in those sections, the	875
system shall transfer to the uniform retirement system, as	876
applicable, the amount specified in division (B) or (C) of section	877
742.214 or division (B) or (C) of section 5505.41 of the Revised	878
Code.	879

(I) The board may adopt rules to implement this section.

880

Sec.  3309.73.  (A) As used in this section, "militaryand	882
section 3309.731 of the Revised Code:	883

(1) "Uniform retirement system" or "uniform system" means	884
the Ohio police and fire pension fund or state highway patrol	885
retirement system.	886

(2) "Military service credit" means service credit purchased	887
or obtained under this chapter or Chapter 742. or 5505. of the	888
Revised Code for service in the armed forces of the United States.	889

(B) A member of the school employees retirement system who	890
has contributions on deposit with the Ohio police and fire pension	891
fund or the state highway patrola uniform retirement system	892
shall, in computing years of total service, be given full credit	893
for service credit earned under Chapter 742. or 5505. of the	894
Revised Code or purchased or obtained for military service credit	895
if a transfer to the school employees retirement system is made	896
under this division. At the request of the member, the Ohio	897
police and fire pension fund or state highway patrol retirement	898
uniform system shall transfer to the school employees retirement	899
system, for each year of service, the sum of the following:	900

(1) An amount equal to the member's accumulated	901
contributions to the transferring fund oruniform system,and any	902
payments by the member for military service credit, and any	903
amounts paid under section 742.375 or 5505.201 of the Revised Code	904
to purchase service credit;	905

(2) An amount equal to the lesser of the employer's	906
contributions to the Ohio police and fire pension fund or state	907
highway patrol retirementuniform system or the amount that would	908
have been contributed by the employer for the service had the	909
member been a member of the school employees retirement system at	910
the time the credit was earned;	911

(3) Interest, determined as provided in division (F) of this	912
section, on the amounts specified in divisions (B)(1) and (2) of	913
this section from the last day of the year for which the service	914
credit in the transferring fund oruniform system was earned or in	915
which payment was made for military service credit or service	916
credit under section 742.375 or 5505.201 of the Revised Code was	917
purchased or obtained to the date the transfer is made.	918

(C) A member who has at least eighteen months of	919
contributing service with the school employees retirement system,	920
is a former member of the Ohio police and fire pension fund or	921
state highway patrola uniform retirement system, and has received	922
a refund of contributions to that fund oruniform system shall, in	923
computing years of total service, be given full credit for service	924
credit earned under Chapter 742. or 5505. of the Revised Code or	925
purchased or obtained for military service credit if, for each	926
year of service, the school employees retirement system receives	927
the sum of the following:	928

(1) An amount, which shall be paid by the member, equal to	929
the amount refunded by the Ohio police and fire pension fund or	930
the state highway patrol retirementuniform system to the member	931
for that year for accumulated contributions and payments for	932
purchase of credit for military service credit, with interest at	933
a rate established by the school employees retirement board on	934
that amount from the date of the refund to the date of the	935
payment;	936

(2) Interest, which shall be transferred by the Ohio police	937
and fire pension fund or state highway patrol retirementuniform	938
system, on the amount refunded to the member that is attributable	939
to the year of service from the last day of the year for which the	940
service credit was earned or in which payment was made for	941
military service credit to the date the refund was made;	942

(3) An amount, which shall be transferred by the Ohio police	943
and fire pension fund or state highway patrol retirementuniform	944
system, that is equal to the lesser of the employer's	945
contributions to the Ohio police and fire pension fund or state	946
highway patrol retirementuniform system or the amount that would	947
have been contributed by the employer for the service had the	948
member been a member of the school employees retirement system at	949
the time the credit was earned, with interest on that amount from	950
the last day of the year for which the service credit was earned	951
or in which payment was made for military service credit to the	952
date of the transfer.	953

On receipt of payment from the member, the school employees	954
retirement system shall notify the Ohio police and fire pension	955
fund or the state highway patrol retirementuniform system, which,	956
on receipt of the notice, shall make the transfer required by this	957
division. Interest shall be determined as provided in division	958
(F) of this section. The member may choose to purchase only part	959
of such credit in any one payment, subject to board rules.	960

(D) A member is ineligible to obtain service credit under	961
this section for service that is used in the calculation of any	962
retirement benefit currently being paid or payable in the future	963
to the member under any other retirement program or for service	964
credit that may be transferred under section 3309.731 of the	965
Revised Code.	966

Service credit obtained under this section shall be	967
considered the equivalent of Ohio service credit.	968

(E) If a member of the school employees retirement system	969
who is not a current contributor elects to obtain credit under	970
section 742.21 or 5505.40 of the Revised Code for service for	971
which the member contributed to the school employees retirement	972
system or made payment for military service credit, the school	973
employees retirement system shall transfer to the Ohio police and	974
fire pension fund or state highway patroluniform retirement	975
system, as applicable, the amount specified in division (D) of	976
section 742.21 or division (B)(2) of section 5505.40 of the	977
Revised Code.	978

(F) Interest charged under this section shall be calculated	979
separately for each year of service credit. Unless otherwise	980
specified in this section, it shall be calculated at the lesser of	981
the actuarial assumption rate for that year of the school	982
employees retirement system or of the fund oruniform retirement	983
system in which the credit was earned. The interest shall be	984
compounded annually.	985

(G) At the request of the school employees retirement	986
system, the Ohio police and fire pension fund or state highway	987
patroluniform retirement system shall certify to the school	988
employees retirement system a copy of the records of the service	989
and contributions of a school employees retirement system member	990
who seeks service credit under this section.	991

Sec. 3309.731. (A) As used in this section, "transferred	992
service credit" means service credit purchased or obtained under	993
section 742.21, 742.214, 742.375, 5505.201, 5505.40, or 5505.41 of	994
the Revised Code prior to the date a member commenced the	995
employment covered by the school employees retirement system for	996
which the member is currently contributing to the system.	997

(B) A member of the school employees retirement system who	998
has contributions on deposit with, but is no longer contributing	999
to, a uniform retirement system shall, in computing years of	1000
service, be given full credit for transferred service credit if a	1001
transfer to the school employees retirement system is made under	1002
this section. At the request of a member, the uniform system	1003
shall transfer to the school employees retirement system the sum	1004
of the following:	1005

(1) An amount equal to the amounts transferred to the	1006
uniform system under section 742.21, 742.214, 742.375, 5505.201,	1007
5505.40, or 5505.41 of the Revised Code;	1008

(2) Interest, determined as provided in division (E) of this	1009
section, on the amount specified in division (B)(1) of this	1010
section for the period from the last day of the year in which the	1011
transfer under section 742.21, 742.214, 742.375, 5505.201,	1012
5505.40, or 5505.41 of the Revised Code was made to the date a	1013
transfer is made under this section.	1014

(C) A member of the school employees retirement system with	1015
at least eighteen months of contributing service credit with the	1016
school employees retirement system who has received a refund of	1017
contributions to a uniform retirement system shall, in computing	1018
years of service, be given full credit for transferred service	1019
credit if, for each year of service, the school employees	1020
retirement system receives the sum of the following:	1021

(1) An amount, which shall be paid by the member, equal to	1022
the amount refunded by the uniform system to the member for that	1023
year for transferred service credit, with interest on that amount	1024
from the date of the refund to the date a payment is made under	1025
this section;	1026

(2) Interest, which shall be transferred by the uniform	1027
system, on the amount refunded to the member for the period from	1028
the last day of the year in which the transfer under section	1029
742.21, 742.214, 742.375, 5505.201, 5505.40, or 5505.41 of the	1030
Revised Code was made to the date the refund was made;	1031

(3) If the uniform system retained any portion of the amount	1032
transferred under section 742.21, 742.214, 742.375, 5505.201,	1033
5505.40, or 5505.41 of the Revised Code, an amount, which shall be	1034
transferred by the uniform system, equal to the amount retained,	1035
with interest on that amount for the period from the last day of	1036
the year in which the transfer under section 742.21, 742.214,	1037
742.375, 5505.201, 5505.40, or 5505.41 of the Revised Code was	1038
made to the date a transfer is made under this section.	1039

On receipt of payment from the member, the school employees	1040
retirement system shall notify the uniform system, which, on	1041
receipt of the notice, shall make the transfer required by this	1042
division. Interest shall be determined as provided in division	1043
(E) of this section.	1044

(D) Service credit purchased or obtained under this section	1045
shall be considered the equivalent of Ohio service credit. A	1046
member may choose to purchase only part of the credit the member	1047
is eligible to purchase under division (C) of this section in any	1048
one payment, subject to rules adopted by the school employees	1049
retirement board. A member is ineligible to purchase or obtain	1050
service credit under this section for service to be used in the	1051
calculation of any retirement benefit currently being paid or	1052
payable to the member in the future under any other retirement	1053
program or for service credit that may be purchased or obtained	1054
under section 3309.73 of the Revised Code.	1055

(E) Interest charged under this section shall be calculated	1056
separately for each year of service credit at the lesser of the	1057
actuarial assumption rate for that year of the school employees	1058
retirement system or of the uniform retirement system to which the	1059
credit was transferred under section 742.21, 742.214, 742.375,	1060
5505.201, 5505.40, or 5505.41 of the Revised Code. The interest	1061
shall be compounded annually.	1062

(F) Any amounts transferred or paid under divisions (B) and	1063
(C) of this section that are attributable to contributions made by	1064
the member or to amounts paid to purchase service credit shall be	1065
credited to the employees' savings fund created under section	1066
3309.47 of the Revised Code. Any remaining amounts shall be	1067
credited to one or more of the funds created under that section as	1068
determined by the board.	1069

(G) At the request of the school employees retirement	1070
system, the uniform retirement system shall certify to the school	1071
employees retirement system a copy of the records of the service	1072
and contributions of a school employees retirement system member	1073
who seeks service credit under this section. The uniform	1074
retirement system shall specify the portions of the amounts	1075
transferred that are attributable to employee contributions,	1076
employer contributions, and interest.	1077

(H) If a member of the school employees retirement system	1078
who is not a current contributor elects to receive service credit	1079
under section 742.214 or 5505.41 of the Revised Code for	1080
transferred service credit, as defined in those sections, the	1081
system shall transfer to the uniform retirement system, as	1082
applicable, the amount specified in division (B) or (C) of section	1083
742.214 or division (B) or (C) of section 5505.41 of the Revised	1084
Code.	1085

(I) The board may adopt rules to implement this section.

1086

Sec. 5505.201. AExcept for service credit transferred under	1087
section 5505.41 of the Revised Code, a member of the state highway	1088
patrol retirement system shall, in computing years of active	1089
service in the highway patrol under sections 5505.16, 5505.17, and	1090
5505.18 of the Revised Code, be given full credit for time served	1091
as a police officer or firefighter covered under Chapter 742. and	1092
former Chapters 521. and 541. of the Revised Code, provided such	1093
member pays to the state highway patrol retirement system the	1094
amount received by the member under division (I) of former section	1095
521.11, division (I) of former section 741.18, division (I) of	1096
former section 741.49, or division (G) of section 742.37 of the	1097
Revised Code, with compound interest thereon at a rate to be	1098
determined by the state highway patrol retirement board from the	1099
date of such receipt to the date of such deposit. A member may	1100
choose to purchase only part of such credit in any one payment,	1101
subject to board rules.	1102

Upon certification by the state highway patrol retirement	1103
board to the board of trustees of the Ohio police and fire pension	1104
fund of such payment by the member, the Ohio police and fire	1105
pension fund shall pay from the appropriate employers'	1106
contribution fund under section 742.59 of the Revised Code to the	1107
state highway patrol retirement system an amount equal to the	1108
payment of the member.	1109

Sec.  5505.40.  (A) As used in this section and section	1110
5505.41 of the Revised Code:	1111

(1) "Full-time service" means full-time service as defined	1112
by rule which shall be adopted by the state highway patrol	1113
retirement board.	1114

(2) "Military service credit" means credit for service in	1115
the armed forces of the United States purchased or obtained under	1116
this chapter or Chapter 145., 3307., or 3309. of the Revised Code.	1117

(3) "Non-uniform retirement system" or "non-uniform system"	1118
means the public employees retirement system, school employees	1119
retirement system, or state teachers retirement system.	1120

(B)(1)(a) For purposes of computing the pension payable	1121
under section 5505.17 or 5505.18 of the Revised Code, a member of	1122
the state highway patrol retirement system who is a former member	1123
of the public employees retirement system, school employees	1124
retirement system, or state teachersa non-uniform retirement	1125
system and has received a return of contributions from the former	1126
retirementnon-uniform system shall be given full credit for	1127
service credit earned for full-time service as a member of the	1128
former retirementnon-uniform system or purchased or obtained as	1129
military service credit if, for each year of service credit, the	1130
state highway patrol retirement system receives the sum of the	1131
following:	1132

(i) An amount, which shall be paid by the member to the	1133
member's credit in the employees' savings fund, equal to the	1134
amount received by the member from the former retirement	1135
non-uniform system for that year that is attributable to	1136
contributions made for full-time service and payments for military	1137
service credit, plus interest at a rate established by the board	1138
on that amount from the date payment was made to the member by the	1139
former retirementnon-uniform system to the date the member makes	1140
the payment to the state highway patrol retirement system;	1141

(ii) If a member is seeking credit for service under the	1142
public employees retirement system or state teachers retirement	1143
system, an amount, which shall be paid by the member, equal to the	1144
amount of any employer contributions and interest on employee	1145
contributions the member received under section 145.40 or 3307.563	1146
of the Revised Code;	1147

(iii) Interest, which shall be transferred by the former	1148
retirementnon-uniform system, on the amount received by the	1149
member that is attributable to the year of service from the last	1150
day of the year for which the service credit was earned or in	1151
which payment was made for military service credit to the date	1152
the amount was paid to the member;	1153

(iv) An amount, which shall be transferred by the former	1154
retirementnon-uniform system, equal to the lesser of the	1155
employer's contributions to the former retirementnon-uniform	1156
system for the year of service or the amount that would have been	1157
contributed by the employer for the full-time service had the	1158
member been a member of the state highway patrol retirement system	1159
at the time the credit was earned, with interest on that amount	1160
from the last day of the year for which the service credit was	1161
earned or in which payment was made for military service credit to	1162
the date the transfer is made.	1163

(b) On receipt of payment from the member, the state highway	1164
patrol retirement system shall notify the former retirement	1165
non-uniform system, which, on receipt of the notice, shall make	1166
the transfer required by this division. Interest shall be	1167
determined in accordance with division (F) of this section.	1168

(c) The amount transferred under division (B)(1)(a) of this	1169
section by the public employees retirement system or state	1170
teachers retirement system shall not include any amount of	1171
employer contributions and interest on employee contributions the	1172
member received under section 145.40 or 3307.563 of the Revised	1173
Code.	1174

(2) For purposes of computing the pension payable under	1175
section 5505.17 or 5505.18 of the Revised Code, a member of the	1176
state highway patrol retirement system who has contributions on	1177
deposit with the public employees retirement system, school	1178
employees retirement system, or state teachersa non-uniform	1179
retirement system shall be given full credit for service credit	1180
earned for full-time service as a member of that retirement	1181
non-uniform system,or any service credit purchased or obtained	1182
as military service credit, and any service credit obtained under	1183
section 145.295, 3307.761, or 3309.381 of the Revised Code for	1184
service for which contributions were made to the Ohio police and	1185
fire pension fund. The credit shall be given if, for each year of	1186
service, the public employees retirement system, school employees	1187
retirement system, or state teachers retirementnon-uniform system	1188
transfers to the state highway patrol retirement system the sum of	1189
the following:	1190

(a) The amount, contributed by the member or, in the case	1191
of military service, paid by the member, that is attributable to	1192
that service;	1193

(b) An amount equal to the lesser of the employer's	1194
contributions to the public employees retirement system, school	1195
employees retirement system, or state teachers retirement	1196
non-uniform system for the year of service or the amount that	1197
would have been contributed by the employer for the full-time	1198
service had the member been a member of the state highway patrol	1199
retirement system at the time the credit was earned;	1200

(c) An amount equal to any amount received by the retirement	1201
system under section 145.295, 3307.761, or 3309.351 of the Revised	1202
Code;	1203

(d) Interest, determined in accordance with division (F) of	1204
this section, on the amounts specified in divisions (B)(2)(a),and	1205
(b), and (c) of this section from the last day of the year for	1206
which the service credit in the transferring retirement	1207
non-uniform system was earned or in which payment was made for	1208
military service credit or service credit under section 145.295,	1209
3307.761, or 3309.351 of the Revised Code was purchased or	1210
obtained to the date the transfer is made.	1211

On receipt of a request from the member, the appropriate	1212
retirementnon-uniform system shall make the transfer.	1213

(3) Unless section 5505.402 of the Revised Code applies,	1214
for purposes of computing the pension payable under section	1215
5505.17 or 5505.18 of the Revised Code, a member of the state	1216
highway patrol retirement system who has contributions on deposit	1217
with the Cincinnati retirement system shall be given full credit	1218
for service credit earned for full-time service as a member of	1219
that retirement system or purchased or obtained as military	1220
service credit if, for each year of service credit, the state	1221
highway patrol retirement system receives the sum of the	1222
following:	1223

(a) An amount, which shall be paid by the member to the	1224
member's credit in the employees' savings fund, equal to the	1225
amount withdrawn from the Cincinnati retirement system that is	1226
attributable to that year of service, with interest on that amount	1227
determined in accordance with division (F) of this section from	1228
the date of withdrawal to the date of payment;	1229

(b) Interest, which shall be paid either by the member or	1230
the Cincinnati retirement system, on the amount withdrawn from the	1231
Cincinnati retirement system that is attributable to the year of	1232
service from the last day of the year for which the service credit	1233
was earned or in which payment was made for military service	1234
credit to the date the amount was withdrawn;	1235

(c) An amount, which shall be paid either by the member or	1236
the Cincinnati retirement system, equal to the lesser of the	1237
employer's contributions to the Cincinnati retirement system for	1238
the year of service or the amount that would have been contributed	1239
by the employer for the full-time service had the member been a	1240
member of the state highway patrol retirement system at the time	1241
the credit was earned, with interest on that amount from the last	1242
day of the year for which the service credit was earned or in	1243
which payment was made for military service to the date the	1244
payment is made.	1245

(C) If a member who is not a current contributor and has not	1246
received a refund of accumulated contributions elects to receive	1247
credit under section 145.295, 3307.761, or 3309.3513309.73 of the	1248
Revised Code for service for which the member contributed to the	1249
state highway patrol retirement system and credit purchased as	1250
military service credit, the state highway patrol retirement	1251
system shall transfer to the appropriate retirement system the	1252
amount specified in division (B)(C) of section 145.295, division	1253
(B) of section 3307.761, or division (B) of section 3309.73 of	1254
the Revised Code.	1255

(D)(1) A member is ineligible to purchase or otherwise	1256
receive credit under this section for service that is used in the	1257
calculation of any retirement benefit currently being paid or that	1258
is payable in the future to the member under any other retirement	1259
program, or service rendered concurrently with any other period	1260
for which service credit has already been granted, or for service	1261
credit that may be transferred under section 5505.41 of the	1262
Revised Code.	1263

(2) Except as provided under division (D)(3) of this	1264
section, no service credit purchased under this section or	1265
received as a result of a transfer requested under this section	1266
shall be used to determine any member's eligibility for retirement	1267
under sections 5505.16 and 5505.17 of the Revised Code.	1268

(3) Service credit obtained under this section by a member	1269
for military service credit or for service as a state highway	1270
patrol cadet attending training school pursuant to section 5503.05	1271
of the Revised Code shall be used to determine the member's	1272
eligibility for retirement under sections 5505.16 and 5505.17 of	1273
the Revised Code.	1274

(4) Subject to rules of the state highway patrol retirement	1275
system, a member may choose to purchase only part of the credit	1276
the member is eligible to purchase under division (B)(1) or (3) of	1277
this section.	1278

(E) At the request of the state highway patrol retirement	1279
system, the public employees retirement system, school employees	1280
retirement system, state teachersnon-uniform retirement system,	1281
or Cincinnati retirement system shall certify to the state highway	1282
patrol retirement system a copy of the records of service, salary,	1283
and contributions of a member who seeks service credit under this	1284
section.	1285

(F) Interest charged under this section shall be calculated	1286
separately for each year of service credit. Unless otherwise	1287
specified in this section, it shall be calculated at the lesser of	1288
the actuarial assumption rate for that year of the state highway	1289
patrol retirement system or of the retirement system in which the	1290
credit was earned. The interest shall be compounded annually.	1291

(G) The state highway patrol retirement system board may	1292
adopt rules establishing procedures for the purchase of service	1293
credit or the transfer of contributions under this section.	1294

Sec. 5505.41. (A) As used in this section, "transferred	1295
service credit" means service credit purchased or obtained under	1296
section 145.295, 145.2913, 3307.761, 3307.765, 3309.73, or	1297
3309.731 of the Revised Code prior to the date a member commenced	1298
the employment covered by the state highway patrol retirement	1299
system for which the member is currently contributing to the	1300
system.	1301

(B) A member of the state highway patrol retirement system	1302
who has contributions on deposit with, but is no longer	1303
contributing to, a non-uniform retirement system shall, in	1304
computing years of service, be given full credit for transferred	1305
service credit if a transfer to the state highway patrol	1306
retirement system is made under this section. At the request of a	1307
member, the non-uniform system shall transfer to the state highway	1308
patrol retirement system the sum of the following:	1309

(1) An amount equal to the amounts transferred to the	1310
non-uniform system under section 145.295, 145.2913, 3307.761,	1311
3307.765, 3309.73, or 3309.731 of the Revised Code;	1312

(2) Interest, determined as provided in division (E) of this	1313
section, on the amount specified in division (B)(1) of this	1314
section for the period from the last day of the year in which the	1315
transfer under section 145.295, 145.2913, 3307.761, 3307.765,	1316
3309.73, or 3309.731 of the Revised Code was made to the date a	1317
transfer is made under this section.	1318

(C) A member with at least eighteen months of contributing	1319
service credit with the state highway patrol retirement system who	1320
has received a refund of contributions to a non-uniform retirement	1321
system shall, in computing years of service, be given full credit	1322
for transferred service credit if, for each year of service, the	1323
state highway patrol retirement system receives the sum of the	1324
following:	1325

(1) An amount, which shall be paid by the member, equal to	1326
the amount refunded by the non-uniform system to the member for	1327
that year for transferred service credit, with interest on that	1328
amount from the date of the refund to the date a payment is made	1329
under this section;	1330

(2) Interest, which shall be transferred by the non-uniform	1331
system, on the amount refunded to the member for the period from	1332
the last day of the year in which the transfer under section	1333
145.295, 145.2913, 3307.761, 3307.765, 3309.73, or 3309.731 of the	1334
Revised Code was made to the date the refund was made;	1335

(3) If the non-uniform system retained any portion of the	1336
amount transferred under section 145.295, 145.2913, 3307.761,	1337
3307.765, 3309.73, or 3309.731 of the Revised Code, an amount,	1338
which shall be transferred by the non-uniform system, equal to the	1339
amount retained, with interest on that amount for the period from	1340
the last day of the year in which the transfer under section	1341
145.295, 145.2913, 3307.761, 3307.765, 3309.73, or 3309.731 of the	1342
Revised Code was made to the date a transfer is made under this	1343
section.	1344

On receipt of payment from the member, the state highway	1345
patrol retirement system shall notify the non-uniform system,	1346
which, on receipt of the notice, shall make the transfer required	1347
by this division. Interest shall be determined as provided in	1348
division (E) of this section.	1349

(D) Service credit purchased or obtained under this section	1350
shall be used in computing the pensions payable under section	1351
5505.17 or 5505.18 of the Revised Code. A member may choose to	1352
purchase only part of the credit the member is eligible to	1353
purchase under division (C) of this section in any one payment,	1354
subject to rules adopted by the state highway patrol retirement	1355
board. A member is ineligible to purchase or obtain service	1356
credit under this section for service to be used in the	1357
calculation of any retirement benefit currently being paid or	1358
payable to the member in the future under any other retirement	1359
program or for service credit that may be purchased or obtained	1360
under section 5505.40 of the Revised Code.	1361

(E) Interest charged under this section shall be calculated	1362
separately for each year of service credit at the lesser of the	1363
actuarial assumption rate for that year of the state highway	1364
patrol retirement system or of the non-uniform retirement system	1365
to which the credit was transferred under section 145.295,	1366
145.2913, 3307.761, 3307.765, 3309.73, or 3309.731 of the Revised	1367
Code. The interest shall be compounded annually.	1368

(F) Any amounts transferred or paid under divisions (B) and	1369
(C) of this section that are attributable to contributions made by	1370
the member or to amounts paid to purchase service credit shall be	1371
credited to the employees' savings fund created under section	1372
5505.03 of the Revised Code. Any remaining amounts shall be	1373
credited to one or more of the funds created under that section as	1374
determined by the board.	1375

(G) At the request of the state highway patrol retirement	1376
system, the non-uniform retirement system shall certify to the	1377
state highway patrol retirement system a copy of the records of	1378
the service and contributions of a member who seeks service credit	1379
under this section. The non-uniform retirement system shall	1380
specify the portions of the amounts transferred that are	1381
attributable to employee contributions, employer contributions,	1382
and interest.	1383

(H) If a member who is not a current contributor elects to	1384
receive service credit under section 145.2913, 3307.765, or	1385
3309.731 of the Revised Code for transferred service credit, as	1386
defined in those sections, the system shall transfer to the	1387
non-uniform retirement system, as applicable, the amount specified	1388
in division (B) or (C) of section 145.2913, division (B) or (C) of	1389
section 3307.765, or division (B) or (C) of section 3309.731 of	1390
the Revised Code.	1391

(I) The board may adopt rules to implement this section.

1392

Section 2. That existing sections 145.295, 742.21, 742.371,	1393
742.375, 3307.761, 3309.73, 5505.201, and 5505.40 of the Revised	1394
Code are hereby repealed.	1395