Section 145-2-54 - Enhanced refund(A) As used in this rule: (1) "Eligible contributions" means amounts contributed by a member under section 145.47 of the Revised Code and, if applicable, the amounts paid by the member to purchase or restore service credit under section 145.302 or 145.31 of the Revised Code."Eligible contributions" does not include contributions that were used in the payment of a disability benefit under section 145.36 of the Revised Code or were refunded to the member because the system was not authorized to accept the contributions.(2) "Service credit" has the same meaning as defined in section 145.401 of the Revised Code.(B) For purposes of division (B) of section 145.401 of the Revised Code: (1) If a member has, or at the time of death had, at least five years of service credit but less than ten years of service credit, the amount shall equal thirty-three per cent of the member's eligible contributions.(2) If a member has, or at the time of death had, at least ten years of service credit, the amount shall equal sixty-seven per cent of the member's eligible contributions.Ohio Admin. Code 145-2-54
Five Year Review (FYR) Dates: 9/30/2021 and 09/30/2026
Promulgated Under: 111.15
Statutory Authority: 145.09, 145.401
Rule Amplifies: 145.401
Prior Effective Dates: 01/07/2013 (Emer.), 03/24/2013, 07/07/2013 (Emer.), 09/16/2013Five Year Review (FYR) Dates: 09/29/2016 and 09/29/2021
Promulgated Under: 111.15
Statutory Authority: 145.09, 145.401
Rule Amplifies: 145.401
Prior Effective Dates: 1/7/13 (Emer.), 3/24/13. 7/7/13 (Emer.), 9/16/13