2006 Ohio Revised Code - [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
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
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.
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