2006 Ohio Revised Code - [3305.06.1] 3305.061.Limitation on employer payments to mitigate negative financial impact.
[§ 3305.06.1] § 3305.061. Limitation on employer payments to mitigate negative financial impact.
Notwithstanding section 171.07 and division (D) of
section 3305.06 of the Revised Code, the percentage of an electing employee's compensation contributed by a public institution of higher education under division (D) of
section 3305.06 of the Revised Code shall not exceed the percentage of compensation transferred under
section 145.87,
3307.84, or
3309.88 of the Revised Code, as appropriate, by the state retirement system that otherwise applies to the electing employee's position. A change in the percentage of compensation contributed under division (D) of
section 3305.06 of the Revised Code, as required by this section, shall take effect on the same day a change in the percentage of compensation takes effect under
section 145.87,
3307.84, or
3309.88 of the Revised Code, as appropriate.
HISTORY: 149 v H 94. Eff 9-5-2001.
The effective date is set by section 204 of HB 94.
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
