OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM ... - OPERS

More documents

Recommendations

Info

prior to May 1, 1942, or prior to the date such utility became subject to this chapter, whichever is the later date. (HB 551, Eff. 10/26/53; HB 636, Eff. 10/6/55; SB 386, Eff. 9/16/57; HB 225, Eff. 11/13/65; SB 502, Eff. 9/4/70; HB 268, Eff. 8/20/76; HB 502, Eff. 4/24/86; HB 382, Eff. 6/30/91; SB 346, Eff. 7/29/92; HB 628, Eff. 9/21/00) Sec. 145.483 Delinquent contributions Upon a finding that an employer failed to deduct contributions pursuant to section 145.47 of the Revised Code during a period of employment for which such contributions were required, a statement of delinquent contributions shall be prepared showing the amount the contributor and employer would have contributed had regular payroll deductions been taken. Simple interest from the end of each calendar year at a rate set by the public employees retirement board shall be included. If delinquent contribution statements are not paid not later than thirty days after the end of the month in which they become an obligation of the employer, any balance remaining shall be collected with penalties and interest pursuant to section 145.51 of the Revised Code. Any amount paid under this section by an employer shall be credited in accordance with section 145.23 of the Revised Code. (ENACTED: HB 268, Eff. 8/20/76; HB 502, Eff. 4/24/86; HB 382, Eff. 6/30/91; HB272, Eff. 4/6/07) Sec. 145.49 Calculation of separate contribution rate for law enforcement members electing alternate benefits (A) Notwithstanding section 145.47 of the Revised Code: (1) The public employees retirement system shall be authorized to calculate the employee contribution rates separately for those public employees contributing toward benefits as PERS public safety officers under section 145.33 of the Revised Code. (2) Each public employee contributing toward benefits as PERS law enforcement officers under section 145.33 of the Revised Code shall contribute to the employees' savings fund the rate determined under division (A)(1) of this section plus an additional percentage specified by the public employees retirement board, which shall initially be one per cent of the employee's earnable salary and shall not be increased to more than two per cent of the employee's earnable salary. (B) Notwithstanding section 145.48 of the Revised Code, the public employees retirement system shall be authorized to calculate the employer contribution rates separately for those public employees contributing toward benefits as PERS public safety officers under section 145.33 of the Revised Code or as PERS law enforcement officers under that section, except that the employer contribution rate shall not exceed eighteen and one-tenth per cent of the earnable salaries of those employees. (ENACTED: HB 1312, Eff. 3/4/75; HB 1, Eff. 6/13/75; HB 548, Eff. 10/8/82; HB 552, Eff. 12/15/88; SB 346, Eff. 7/29/92; HB 416, Eff. 4/1/01; HB 158, Eff. 2/1/02; SB267, Eff. 3/24/09) Sec. 145.51 Payments into employers' accumulation fund (A) Each employer described in division (D) of section 145.01 of the Revised Code, shall pay into the employers' accumulation fund, in monthly installments, an amount certified by the public employees retirement board which equals the employer obligation as described in section 145.12 or 145.69 of the Revised Code. In addition, the board shall add to the employer billing 118
next succeeding the amount, with interest, to be paid by the employer to provide the member with contributing service credit for the service prior to the date of initial contribution to the system for which the member has made additional payments, except payments made pursuant to sections 145.28 and 145.29 of the Revised Code. (B) Except as provided in section 145.52 of the Revised Code, all employer obligations described in division (A) of this section must be received by the public employees retirement system not later than the thirtieth day after the last day of the calendar month for which related member contributions are withheld. (C) Unless the board adopts a rule under division (F) of this section establishing a different interest rate or penalty, interest and penalties for failing to pay the employer obligation when due under division (B) of this section shall be as follows: (1) Interest, compounded annually and charged monthly, for each day after the due date that the employer obligation remains unpaid in an amount equal to six per cent per annum of the past due amount of the employer obligation and any penalties imposed under this section; (2) The penalty for failing to pay the employer obligation when due under division (B) is as follows: (a) At least eleven but not more than thirty days past due, an amount equal to one per cent of the past due obligation; (b) At least thirty-one but not more than sixty days past due, an additional amount equal to one and one-half per cent of the past due obligation; (c) Sixty-one or more days past due, an additional amount equal to two and one-half per cent of the past due obligation. (D) The aggregate of all payments by employers under this section shall be sufficient, when combined with the amount in the employers' accumulation fund, to provide amounts payable under this chapter out of the fund, and if not, the additional amount so required shall be collected by means of an increased rate per cent which shall be certified to such employers by the board. (E) Upon certification by the board to the director of budget and management, or to the county auditor, of an amount due from an employer within any county who is subject to this chapter, by reason of such employer's delinquency in making payments into the employers' accumulation fund for past billings, such amount shall be withheld from such employer from any funds subject to the control of the director or the county auditor to such employer and shall be paid to the public employees retirement system. (F) The board may adopt rules to do any of the following: (1) Establish interest at a rate that does not exceed the annual rate described in division (C)(1) of this section; (2) Establish penalties in amounts that do not exceed the amounts described in division (C)(2) of this section; (3) Permit the board to lengthen the periods of time or enter into repayment agreements for employers to comply with divisions (B) and (C) of this section. (ENACTED: SB 386, Eff. 9/16/57; SB 160, Eff. 8/1/59; HB 957, Eff. 10/27/61; HB 1, Eff. 10/27/61; HB 1, Eff. 1/23/63; HB 225, Eff. 11/13/65; HB 430, Eff. 11/20/73; HB 201, Eff. 7/1/85; HB 382, Eff. 6/30/91; HB272, Eff. 4/6/07) Sec. 145.52 Employer payment of transitional liability (A) As used in this section and section 145.53 of the Revised Code, "transitional liability" means an amount equal to the employer obligation due under division (A) of section 145.51 of 119
Page 1 and 2:
OHIO PUBLIC EMPLOYEES RETIREMENT SY
Page 3 and 4:
CHAPTER 145 OHIO REVISED CODE TABLE
Page 5 and 6:
Sec. 145.327 Additional monthly pay
Page 7 and 8:
Sec. 145.01 Definitions Chapter 145
Page 9 and 10:
(H)(1) “Total service credit,”
Page 11 and 12:
employer and employee contributions
Page 13 and 14:
Revised Code, means employment cove
Page 15 and 16:
house sergeant at arms, assistant h
Page 17 and 18:
(7) Who is a member of the board of
Page 19 and 20:
employer, the system shall not requ
Page 21 and 22:
county municipal court who, upon co
Page 23 and 24:
employees retirement system by sign
Page 25 and 26:
Sec. 145.05 Terms of members; elect
Page 27 and 28:
an election to fill a vacancy on th
Page 29 and 30:
eflect independent expenditures mad
Page 31 and 32:
nature is ineligible for election t
Page 33 and 34:
successor retirant member who shall
Page 35 and 36:
Sec. 145.091 Administration of plan
Page 37 and 38:
Sec. 145.095 Internal audit committ
Page 39 and 40:
Sec. 145.112 Transactions prohibite
Page 41 and 42:
(3) The board shall determine wheth
Page 43 and 44:
The board of county commissioners o
Page 45 and 46:
(1) At the time employment begins,
Page 47 and 48:
periods of service after January 1,
Page 49 and 50:
The board shall submit the report t
Page 51 and 52:
Sec. 145.23 Funds The funds hereby
Page 53 and 54:
ond of the treasurer of state cover
Page 55 and 56:
applies to purchase the credit by a
Page 57 and 58:
Sec. 145.293 Purchase of credit for
Page 59 and 60:
(C) A member of the public employee
Page 61 and 62:
(c) With respect to other county em
Page 63 and 64:
Sec. 145.298 State institutions; cl
Page 65 and 66:
“military service credit” means
Page 67 and 68:
(G) At the request of the public em
Page 69 and 70:
742.21, 742.214, 742.375, 5505.201,
Page 71 and 72:
(B) Upon reemployment in the public
Page 73 and 74: (G) A member who, on March 17, 2000
Page 75 and 76: Sec. 145.31 Restoration of membersh
Page 77 and 78: (B) The attainment of minimum age o
Page 79 and 80: 1959 14.3 1960 12.5 1961 11.3 1962
Page 81 and 82: (B) The board need not make the hos
Page 83 and 84: includes any amount paid pursuant t
Page 85 and 86: 1977 20.5 1978 13.5 1979 4.0 (C) An
Page 87 and 88: may apply for an age and service re
Page 89 and 90: (j) Any person who is originally em
Page 91 and 92: the amount of such commuted reserve
Page 93 and 94: (G) In the event an employer files
Page 95 and 96: ecipient's disability benefit shall
Page 97 and 98: or 3307.563 of the Revised Code. If
Page 99 and 100: (7) As used in this division, “em
Page 101 and 102: Sec. 145.382 Retirant’s allowance
Page 103 and 104: (2) A benefit under this section sh
Page 105 and 106: (b) Three months have elapsed since
Page 107 and 108: (B) This division applies to any me
Page 109 and 110: 145.01 of the Revised Code, or was
Page 111 and 112: member was domiciled at the time of
Page 113 and 114: (1)(a) Number Annual Benefit as Or
Page 115 and 116: (C)(1) Regardless of whether the me
Page 117 and 118: in a lesser amount payable for life
Page 119 and 120: (C) If the retirement allowances, a
Page 121 and 122: in division (B) of this section for
Page 123: (B) Except as provided in division
Page 127 and 128: Payment less the deductions shall b
Page 129 and 130: withholding order for purposes of r
Page 131 and 132: (b) If the charge against the perso
Page 133 and 134: insurance under division (C) of thi
Page 135 and 136: (2) "Plan B" means a plan of paymen
Page 137 and 138: (H) Receipt of the first month's an
Page 139 and 140: The board may administer the plans,
Page 141 and 142: purchase of service credit by a mem
Page 143 and 144: Consent is valid only if it is evid
Page 145 and 146: Appendix A Long Term Care Program S
Page 147 and 148: Sec. 2907.15 Other restitution orde
Page 149 and 150: (C) Service of a notice required by
Page 151 and 152: a member, electing employee, partic
Page 153 and 154: Sec. 3305.01 Definitions Appendix C
Page 155 and 156: (D) Notwithstanding sections 125.01
Page 157 and 158: starting date of employment, the pe
Page 159 and 160: etirement system pursuant to divisi
Page 161 and 162: division (D) of section 3305.06 of
Page 163 and 164: division, all of the following appl
Page 165 and 166: Appendix D Tax Sec. 5747.071 Retire
Page 167 and 168: furnishing the auditor of state wit
Page 169 and 170: not to retain an order that provide
Page 171 and 172: (B) If the participant has applied
Page 173 and 174: accordance with section 111.15 of t
Page 175 and 176:
members. The council shall organize
Page 177 and 178:
The council is not subject to Chapt
Page 179 and 180:
(e) The person's interest in the po
Page 181 and 182:
prescribed by the "Fair Labor Stand
Page 183 and 184:
Sec. 2901.43 Duty to notify (A)(1)
Page 185 and 186:
(2) A violation of an existing or f
Page 187 and 188:
Section Accounts Annual statement o
Page 189 and 190:
Section Inequality of employers ...
Page 191 and 192:
Section Former Cincinnati Correctio
Page 193 and 194:
Section Removal of board members ..
show all

OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM ... - OPERS

Create successful ePaper yourself

Delete template?

Save as template?