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As Introduced
123rd General Assembly
Regular Session
1999-2000 | H. B. No. 15 |
REPRESENTATIVES MOTTLEY-FORD-TIBERI-SCHULER-
ALLEN-JAMES-GRENDELL-D.MILLER-OPFER-
WILLAMOWSKI-LUCAS-GARDNER-TERWILLEGER-
BRITTON-THOMAS-SULZER-BENDER-OLMAN-EVANS-JOLIVETTE
A BILL
To amend sections 145.294, 3307.281,
and 3309.27 and to enact sections 145.2910, 145.311, 145.312, 3307.282,
3307.283, 3307.413, 3309.261, 3309.262, and
3309.352 of the Revised Code to allow a member of the Public
Employees Retirement System, School Employees Retirement System,
or State Teachers Retirement System to purchase by payroll
deduction service credit for certain prior service covered by one of the other
systems.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1. That sections 145.294, 3307.281,
and 3309.27 be amended and sections 145.2910, 145.311, 145.312, 3307.282,
3307.283, 3307.413, 3309.261, 3309.262,
and 3309.352 of the Revised Code be enacted to read as follows:
Sec. 145.294. (A) The public employees retirement board
may SHALL establish by rule a payroll deduction plan for payment
of the
cost of restoring service credit under section 145.31 of the
Revised Code or purchasing any service credit members of the
public employees retirement system are eligible to purchase under
this chapter. In addition to any other matter considered
relevant by the board, the rules shall specify all of the
following:
(1) The types of service credit that may be paid for
through payroll deduction, including the section of the Revised
Code that authorizes the purchase of each type of service credit
for which payment may be made by payroll deduction;
(2) The procedure to be followed by a member to inform his FOR
INFORMING THE
MEMBER'S
employer and the system that he THE MEMBER wishes to purchase
service credit
under this chapter through payroll deduction;
(3) The procedure to be followed by the system and
employers to determine for each request the amount to be
deducted, the number of deductions to be made, and the interval
at which deductions will be made. The rules may provide for a
minimum amount for each deduction or a maximum number of
deductions for the purchase of any type of credit.
(4) The procedure to be followed by employers in
transmitting amounts deducted from the salaries of their
employees to the system;
(5) The procedure to be followed by the system in
crediting service credit to members who choose to purchase it
through payroll deduction.
(B) If the THE board establishes a payroll deduction plan
under this section, it shall certify to the member's employer for
each member for whom deductions are to be made, the amount of
each deduction and the payrolls from which deductions are to be
made. The employer shall make the deductions as certified and
transmit the amounts deducted in accordance with the rules
established by the board under this section. AT THE ELECTION OF A MEMBER
FOR WHOM DEDUCTIONS ARE TO BE MADE TO PURCHASE
SERVICE CREDIT UNDER SECTION 145.2910 of the Revised Code, THE EMPLOYER SHALL MAKE THE
DEDUCTIONS UNDER A PLAN THAT IS IN COMPLIANCE WITH DIVISION
(h)(2) OF SECTION 414 OF THE "INTERNAL REVENUE
CODE OF 1986," 100 STAT. 2085, 26 U.S.C.A.
414(h)(2), AS AMENDED.
(C) Rules adopted under this section shall not affect any
right to purchase service credit conferred by any other section
of the Revised Code, including the right of a member under any
such section to purchase only part of the service credit he THE
MEMBER is
eligible to purchase.
(D) No payroll deduction made pursuant to this section may
exceed the amount of a member's net compensation after all other
deductions and withholdings required by law.
Sec. 145.2910. (A) A
MEMBER OF THE PUBLIC EMPLOYEES RETIREMENT SYSTEM WHO IS A FORMER
MEMBER OF THE SCHOOL EMPLOYEES RETIREMENT SYSTEM OR STATE
TEACHERS RETIREMENT SYSTEM AND HAS RECEIVED A REFUND OF
ACCUMULATED CONTRIBUTIONS UNDER SECTION 3307.46 OR 3309.42 OF
THE REVISED
CODE MAY PURCHASE SERVICE CREDIT
FOR EACH YEAR OR PORTION OF A YEAR
OF SERVICE FOR WHICH THE REFUND WAS MADE.
(B) A MEMBER SEEKING TO
PURCHASE SERVICE CREDIT UNDER THIS SECTION SHALL NOTIFY THE
PUBLIC EMPLOYEES RETIREMENT SYSTEM ON A FORM APPROVED BY THE
PUBLIC EMPLOYEES RETIREMENT BOARD. NOT LATER THAN TEN DAYS
AFTER RECEIVING THE NOTICE, THE PUBLIC EMPLOYEES RETIREMENT
SYSTEM SHALL REQUEST THAT THE FORMER RETIREMENT SYSTEM
DETERMINE UNDER SECTION 3307.282 OR 3309.261 of the Revised Code HOW MUCH IT WOULD COST THE
MEMBER TO RESTORE 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 MEMBER SEEKS TO
PURCHASE SERVICE CREDIT UNDER THIS SECTION. THE AMOUNT THE FORMER RETIREMENT
SYSTEM CERTIFIES AS THE COST OF RESTORING THE SERVICE CREDIT IS THE COST TO
THE MEMBER OF PURCHASING SERVICE CREDIT UNDER THIS SECTION. ON RECEIVING
CERTIFICATION OF THE COST FROM THE FORMER RETIREMENT SYSTEM, THE
PUBLIC EMPLOYEES RETIREMENT SYSTEM SHALL NOTIFY THE MEMBER OF
THE AMOUNT CERTIFIED BY THE FORMER SYSTEM.
(C) FOR EACH YEAR OR
PORTION OF A YEAR OF SERVICE CREDIT PURCHASED UNDER THIS SECTION, A
MEMBER SHALL PAY TO THE PUBLIC EMPLOYEES RETIREMENT SYSTEM THE
AMOUNT CERTIFIED BY THE FORMER RETIREMENT SYSTEM.
(D) SUBJECT TO RULES
ADOPTED BY THE BOARD, A MEMBER MAY PURCHASE ALL OR PART OF THE
CREDIT THE MEMBER IS ELIGIBLE TO PURCHASE UNDER THIS SECTION IN
ONE OR MORE PAYMENTS.
(E) IF A MEMBER DIES OR
WITHDRAWS FROM SERVICE, ANY PAYMENT MADE BY THE MEMBER UNDER
THIS SECTION SHALL BE CONSIDERED AS ACCUMULATED CONTRIBUTIONS OF
THE MEMBER.
(F) ON APPLICATION FOR
AN ALLOWANCE UNDER SECTION 145.33, 145.331, 145.34, 145.36,
145.361, OR 145.37 OF THE
REVISED
CODE BY A MEMBER WHO PURCHASED
SERVICE CREDIT UNDER THIS SECTION, THE PUBLIC EMPLOYEES
RETIREMENT SYSTEM SHALL REQUEST FROM THE FORMER RETIREMENT
SYSTEM AN AMOUNT OF EMPLOYER CONTRIBUTIONS EQUAL TO THE AMOUNT THE MEMBER
PAID UNDER THIS SECTION.
(G) THE BOARD SHALL
ADOPT RULES TO IMPLEMENT THIS SECTION.
Sec. 145.311. NOT LATER THAN TEN DAYS AFTER RECEIVING A REQUEST FROM THE
STATE TEACHERS RETIREMENT SYSTEM UNDER DIVISION
(B) OF SECTION 3307.413
OR THE SCHOOL EMPLOYEES
RETIREMENT SYSTEM UNDER DIVISION
(B) OF SECTION 3309.352 OF THE
REVISED
CODE, THE PUBLIC EMPLOYEES
RETIREMENT SYSTEM SHALL CALCULATE AND CERTIFY TO THE REQUESTING
RETIREMENT SYSTEM HOW MUCH IT WOULD COST A FORMER MEMBER WHO RECEIVED A REFUND
UNDER SECTION 145.40 of the Revised Code TO RESTORE SERVICE CREDIT UNDER SECTION 145.31 of the Revised Code
FOR EACH YEAR OR PORTION OF A YEAR FOR WHICH THE FORMER MEMBER SEEKS TO
PURCHASE
SERVICE CREDIT UNDER SECTION 3307.413 OR 3309.352 of the Revised Code.
Sec. 145.312. NOT LATER THAN TEN DAYS AFTER RECEIVING A REQUEST FROM THE
STATE TEACHERS RETIREMENT SYSTEM UNDER DIVISION
(F) OF SECTION 3307.413
OR THE SCHOOL EMPLOYEES
RETIREMENT SYSTEM UNDER DIVISION
(F) OF SECTION 3309.352 OF THE
REVISED
CODE, THE PUBLIC EMPLOYEES
RETIREMENT SYSTEM SHALL TRANSFER TO THE REQUESTING RETIREMENT
SYSTEM AN AMOUNT FROM THE EMPLOYER'S ACCUMULATION FUND EQUAL TO
THE AMOUNT REQUESTED.
Sec. 3307.281. (A) The state teachers retirement board
may SHALL establish by rule payroll deduction plans for payment
of the
following:
(1) The cost of restoring service credit under section
3307.28 of the Revised Code or purchasing any service credit
members of the state teachers retirement system are eligible to
purchase under this chapter;
(2) Charges for participation in programs established
under section 3307.741 of the Revised Code.
(B) In addition to any other matter considered relevant by
the board, the rules adopted under this section shall specify all
of the following:
(1) The types of service credit that may be paid for
through payroll deduction, including the section of the Revised
Code that authorizes the purchase of each type of service credit
for which payment may be made by payroll deduction;
(2) The procedure to be followed by a member to inform his FOR
INFORMING THE
MEMBER'S
employer and the system that he THE MEMBER wishes to use payroll
deduction
to purchase service credit or pay for participation in programs
established under section 3307.741 of the Revised Code;
(3) The procedure to be followed by the system and
employers to determine for each request the amount to be
deducted, the number of deductions to be made, and the interval
at which deductions will be made. The rules may provide for a
minimum amount for each deduction. They may also provide for a
maximum number of deductions for the purchase of any type of
service credit.
(4) The procedure to be followed by employers in
transmitting amounts deducted from the compensation of their
employees to the system;
(5) The procedure to be followed by the system in
crediting service credit to members who choose to purchase it
through payroll deduction;
(6) The time period within which employers are required to
transmit amounts deducted from payrolls to the system.
(C)(1) If the THE board establishes a payroll deduction plan
under this section, it shall certify to the member's employer,
for each member for whom deductions are to be made, the amount of
each deduction and the payrolls from which deductions are to be
made. The employer shall make the deductions as certified and
transmit the amounts deducted in accordance with the rules
established by the board under this section. AT THE ELECTION OF A MEMBER
FOR WHOM DEDUCTIONS ARE TO BE MADE TO PURCHASE
SERVICE CREDIT UNDER SECTION 3307.413 of the Revised Code, THE
EMPLOYER SHALL MAKE THE DEDUCTIONS UNDER A PLAN THAT IS IN COMPLIANCE WITH
DIVISION
(h)(2) OF SECTION 414 OF THE "INTERNAL REVENUE
CODE OF 1986," 100 STAT. 2085, 26 U.S.C.A.
414(h)(2), AS AMENDED.
(2) If an employer does not transmit amounts deducted from
the compensation of an employee to the system within the time
period specified in rules adopted under division (B)(6) of this
section, the employer shall pay interest on the deducted amount
compounded annually at a rate to be determined by the board from
the date the amount is deducted to the date it is transmitted to
the system.
(D) Rules adopted under this section shall not affect any
right to purchase service credit conferred by any other section
of the Revised Code, including the right of a member under any
such section to purchase only part of the service credit he THE
MEMBER is
eligible to purchase.
(E) No payroll deduction made pursuant to this section may
exceed the amount of a member's net compensation after all other
deductions and withholdings required by law.
(F) No payments made to the system under this section
shall affect any contribution required by section 3307.51 or
3307.53 of the Revised Code.
Sec. 3307.282. NOT LATER THAN TEN DAYS AFTER RECEIVING A REQUEST FROM THE
PUBLIC EMPLOYEES RETIREMENT SYSTEM UNDER DIVISION
(B) OF SECTION 145.2910
OR THE SCHOOL EMPLOYEES
RETIREMENT SYSTEM UNDER DIVISION
(B) OF SECTION 3309.352 OF THE
REVISED
CODE, THE STATE TEACHERS
RETIREMENT SYSTEM SHALL CALCULATE AND CERTIFY TO THE REQUESTING
RETIREMENT SYSTEM HOW MUCH IT WOULD COST A FORMER MEMBER WHO RECEIVED A REFUND
UNDER SECTION 3307.46 of the Revised Code TO RESTORE SERVICE CREDIT UNDER SECTION 3307.28
of the Revised Code FOR EACH YEAR OR PORTION OF A YEAR FOR WHICH THE FORMER MEMBER SEEKS TO
PURCHASE SERVICE CREDIT UNDER SECTION 145.2910 OR 3309.352 of the Revised Code.
Sec. 3307.283. NOT LATER THAN TEN DAYS AFTER RECEIVING A REQUEST FROM THE
PUBLIC EMPLOYEES RETIREMENT SYSTEM UNDER DIVISION
(F) OF SECTION 145.2910
OR THE SCHOOL EMPLOYEES
RETIREMENT SYSTEM UNDER DIVISION
(F) OF SECTION 3309.352 OF THE
REVISED
CODE, THE STATE TEACHERS
RETIREMENT SYSTEM SHALL TRANSFER TO THE REQUESTING RETIREMENT
SYSTEM AN AMOUNT FROM THE EMPLOYER'S TRUST FUND EQUAL TO THE
AMOUNT REQUESTED.
Sec. 3307.413. (A) A
MEMBER OF THE STATE TEACHERS RETIREMENT SYSTEM WHO IS A FORMER
MEMBER OF THE PUBLIC EMPLOYEES RETIREMENT SYSTEM OR SCHOOL
EMPLOYEES RETIREMENT SYSTEM AND HAS RECEIVED A REFUND OF
ACCUMULATED CONTRIBUTIONS UNDER SECTION 145.40 OR 3309.42 OF THE
REVISED
CODE MAY PURCHASE SERVICE CREDIT
FOR EACH YEAR OR PORTION OF A YEAR
OF SERVICE FOR WHICH THE REFUND WAS MADE.
(B) A MEMBER SEEKING TO
PURCHASE SERVICE CREDIT UNDER THIS SECTION SHALL NOTIFY THE
STATE TEACHERS RETIREMENT SYSTEM ON A FORM APPROVED BY THE STATE
TEACHERS RETIREMENT BOARD. NOT LATER THAN TEN DAYS AFTER
RECEIVING THE NOTICE, THE STATE TEACHERS RETIREMENT SYSTEM SHALL
REQUEST THAT THE FORMER RETIREMENT SYSTEM DETERMINE UNDER SECTION 145.311 OR
3309.261 of the Revised Code HOW MUCH IT WOULD COST THE MEMBER TO RESTORE SERVICE CREDIT
UNDER 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 PURCHASE CREDIT UNDER THIS SECTION. THE
AMOUNT THE FORMER RETIREMENT SYSTEM CERTIFIES AS THE COST OF RESTORING THE
SERVICE CREDIT IS THE COST TO THE MEMBER OF PURCHASING SERVICE CREDIT UNDER
THIS SECTION. ON RECEIVING
CERTIFICATION OF THE COST FROM THE FORMER RETIREMENT SYSTEM, THE
STATE TEACHERS RETIREMENT SYSTEM SHALL NOTIFY THE MEMBER OF THE
AMOUNT CERTIFIED BY THE FORMER SYSTEM.
(C) FOR EACH YEAR OR
PORTION OF A YEAR OF CREDIT PURCHASED UNDER THIS SECTION, A
MEMBER SHALL PAY TO THE STATE TEACHERS RETIREMENT SYSTEM THE
AMOUNT CERTIFIED BY THE FORMER RETIREMENT SYSTEM.
(D) SUBJECT TO RULES
ADOPTED BY THE BOARD, A MEMBER MAY PURCHASE ALL OR PART OF THE
CREDIT THE MEMBER IS ELIGIBLE TO PURCHASE UNDER THIS SECTION IN
ONE OR MORE PAYMENTS.
(E) IF A MEMBER DIES OR
WITHDRAWS FROM SERVICE, ANY PAYMENT MADE BY THE MEMBER UNDER
THIS SECTION SHALL BE CONSIDERED AS ACCUMULATED CONTRIBUTIONS OF
THE MEMBER.
(F) ON APPLICATION FOR
AN ALLOWANCE UNDER SECTION 3307.38, 3307.39, 3307.41, 3307.43,
OR 3307.431 OF THE REVISED
CODE BY A MEMBER WHO PURCHASED
SERVICE CREDIT UNDER THIS SECTION, THE STATE TEACHERS RETIREMENT
SYSTEM SHALL REQUEST FROM THE FORMER RETIREMENT SYSTEM AN AMOUNT
OF EMPLOYER CONTRIBUTIONS EQUAL TO THE AMOUNT THE MEMBER PAID UNDER THIS
SECTION.
(G) THE BOARD SHALL
ADOPT RULES TO IMPLEMENT THIS SECTION.
Sec. 3309.261. NOT LATER THAN TEN DAYS AFTER RECEIVING A REQUEST FROM THE
PUBLIC EMPLOYEES RETIREMENT SYSTEM UNDER DIVISION
(B) OF SECTION 145.2910
OR THE STATE TEACHERS
RETIREMENT SYSTEM UNDER DIVISION
(B) OF SECTION 3307.413 OF THE
REVISED
CODE, THE SCHOOL EMPLOYEES
RETIREMENT SYSTEM SHALL CALCULATE AND CERTIFY TO THE REQUESTING
RETIREMENT SYSTEM HOW MUCH IT WOULD COST A FORMER MEMBER WHO RECEIVED A REFUND
UNDER SECTION 3309.42 of the Revised Code TO RESTORE SERVICE CREDIT UNDER SECTION 3309.26
of the Revised Code FOR EACH YEAR OR PORTION OF A YEAR FOR WHICH THE FORMER MEMBER SEEKS TO
PURCHASE SERVICE CREDIT UNDER SECTION 145.2910 OR 3307.413 of the Revised Code.
Sec. 3309.262. NOT LATER THAN TEN DAYS AFTER RECEIVING A REQUEST FROM THE
PUBLIC EMPLOYEES RETIREMENT SYSTEM UNDER DIVISION
(F) OF SECTION 145.2910
OR THE STATE TEACHERS
RETIREMENT SYSTEM UNDER DIVISION
(F) OF SECTION 3307.413 OF THE
REVISED
CODE, THE SCHOOL EMPLOYEES
RETIREMENT SYSTEM SHALL TRANSFER TO THE REQUESTING RETIREMENT
SYSTEM AN AMOUNT FROM THE EMPLOYER'S TRUST FUND EQUAL TO THE
AMOUNT REQUESTED.
Sec. 3309.27. (A) The school employees retirement board
may SHALL establish by rule payroll deduction plans for payment
of the
following:
(1) The cost of restoring service credit under section
3309.26 of the Revised Code or purchasing any service credit
members of the school employees retirement system are eligible to
purchase under this chapter;
(2) Charges for participation in programs established
under section 3309.691 of the Revised Code.
(B) In addition to any other matter considered relevant by
the board, the rules adopted under this section shall specify all
of the following:
(1) The types of service credit that may be paid for
through payroll deduction, including the section of the Revised
Code that authorizes the purchase of each type of service credit
for which payment may be made by payroll deduction;
(2) The procedure to be followed by a member to inform his FOR
INFORMING THE
MEMBER'S
employer and the system that he THE MEMBER wishes to use payroll
deduction
to purchase service credit or pay for participation in programs
established under section 3309.691 of the Revised Code;
(3) The procedure to be followed by the system and
employers to determine for each request the amount to be
deducted, the number of deductions to be made, and the interval
at which deductions will be made. The rules may provide for a
minimum amount for each deduction or a maximum number of
deductions for the purchase of any type of service credit.
(4) The procedure to be followed by employers in
transmitting amounts deducted from the compensation of their
employees to the system;
(5) The procedure to be followed by the system in
crediting service credit to members who choose to purchase it
through payroll deduction.
(C) If the THE board establishes a payroll deduction plan
under this section, it shall certify to the member's employer,
for each member for whom deductions are to be made, the amount of
each deduction and the payrolls from which deductions are to be
made. The employer shall make the deductions as certified and
transmit the amounts deducted in accordance with the rules
established by the board under this section. AT THE ELECTION OF A MEMBER
FOR WHOM DEDUCTIONS ARE TO BE MADE TO PURCHASE
SERVICE CREDIT UNDER SECTION 3309.352 of the Revised Code, THE
EMPLOYER SHALL MAKE THE DEDUCTIONS UNDER A PLAN THAT IS IN COMPLIANCE WITH
DIVISION
(h)(2) OF SECTION 414 OF THE "INTERNAL REVENUE
CODE OF 1986," 100 STAT. 2085, 26 U.S.C.A.
414(h)(2), AS AMENDED.
(D) Rules adopted under this section shall not affect any
right to purchase service credit conferred by any other section
of the Revised Code, including the right of a member under any
such section to purchase only part of the service credit he THE
MEMBER is
eligible to purchase.
(E) No payroll deduction made pursuant to this section may
exceed the amount of a member's net compensation after all other
deductions and withholdings required by law.
Sec. 3309.352. (A) A
MEMBER OF THE SCHOOL EMPLOYEES RETIREMENT SYSTEM WHO IS A FORMER
MEMBER OF THE PUBLIC EMPLOYEES RETIREMENT SYSTEM OR STATE
TEACHERS RETIREMENT SYSTEM AND HAS RECEIVED A REFUND OF
ACCUMULATED CONTRIBUTIONS UNDER SECTION 145.40 OR 3307.46 OF THE
REVISED
CODE MAY PURCHASE SERVICE CREDIT
FOR EACH YEAR OR PORTION OF A YEAR
OF SERVICE FOR WHICH THE REFUND WAS MADE.
(B) A MEMBER SEEKING TO
PURCHASE SERVICE CREDIT UNDER THIS SECTION SHALL NOTIFY THE
SCHOOL EMPLOYEES RETIREMENT SYSTEM ON A FORM APPROVED BY THE
SCHOOL EMPLOYEES RETIREMENT BOARD. NOT LATER THAN TEN DAYS
AFTER RECEIVING THE NOTICE, THE SCHOOL EMPLOYEES RETIREMENT
SYSTEM SHALL REQUEST THAT THE FORMER RETIREMENT SYSTEM
DETERMINE UNDER SECTION 145.311 OR 3307.282 of the Revised Code HOW MUCH IT WOULD COST THE
MEMBER TO RESTORE 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 MEMBER SEEKS TO PURCHASE
CREDIT UNDER THIS SECTION. THE AMOUNT THE FORMER RETIREMENT SYSTEM CERTIFIES
AS THE COST OF RESTORING THE SERVICE CREDIT IS THE COST TO THE MEMBER OF
PURCHASING SERVICE CREDIT UNDER THIS SECTION. ON RECEIVING
CERTIFICATION OF THE COST FROM THE FORMER RETIREMENT SYSTEM, THE
STATE TEACHERS RETIREMENT SYSTEM SHALL NOTIFY THE MEMBER OF THE
AMOUNT CERTIFIED BY THE FORMER SYSTEM.
(C) FOR EACH YEAR OR
PORTION OF A YEAR OF CREDIT PURCHASED UNDER THIS SECTION, A
MEMBER SHALL PAY TO THE SCHOOL EMPLOYEES RETIREMENT SYSTEM THE
AMOUNT CERTIFIED BY THE FORMER RETIREMENT SYSTEM.
(D) SUBJECT TO RULES
ADOPTED BY THE BOARD, A MEMBER MAY PURCHASE ALL OR PART OF THE
CREDIT THE MEMBER IS ELIGIBLE TO PURCHASE UNDER THIS SECTION IN
ONE OR MORE PAYMENTS.
(E) IF A MEMBER DIES OR
WITHDRAWS FROM SERVICE, ANY PAYMENT MADE BY THE MEMBER UNDER
THIS SECTION SHALL BE CONSIDERED AS ACCUMULATED CONTRIBUTIONS OF
THE MEMBER.
(F) ON APPLICATION FOR
AN ALLOWANCE UNDER SECTION 3309.35, 3309.36, 3309.38, 3309.381,
3309.40, OR 3309.401 OF THE
REVISED
CODE BY A MEMBER WHO PURCHASED
SERVICE CREDIT UNDER THIS SECTION, THE SCHOOL EMPLOYEES
RETIREMENT SYSTEM SHALL REQUEST FROM THE FORMER RETIREMENT
SYSTEM AN AMOUNT OF EMPLOYER CONTRIBUTIONS EQUAL TO THE AMOUNT
THE MEMBER PAID UNDER THIS SECTION.
(G) THE BOARD SHALL
ADOPT RULES TO IMPLEMENT THIS SECTION.
Section 2. That existing sections 145.294,
3307.281, and 3309.27 of the Revised Code are hereby
repealed.
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