2006 Ohio Revised Code - [3309.26.2] 3309.262.Action on request from PERS or STRS concerning restoration of service credit.
[§ 3309.26.2] § 3309.262. Action on request from PERS or STRS concerning restoration of service credit.
After receiving a request from the public employees retirement system under division (A) of section 145.311 [145.31.1] or the state teachers retirement system under division (A) of section 3307.711 [3307.71.1] of the Revised Code, the school employees retirement system shall do both of the following:
(A) Calculate and certify to the requesting retirement system the cost to a former member 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 that section.
(B) Inform the requesting retirement system of the rate of interest charged to a member under a payroll deduction plan authorized under
section 3309.27 of the Revised Code.
HISTORY: 148 v H 15 (Eff 11-3-99); 148 v S 190. Eff 7-13-2000.
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