Ohio Admin. Code 3307:1-3-05 - Non-paid professional leaves approved by the retirement board
A member may complete retirement contributions and
secure retirement
obtain service credit for non-paid professional leaves
as approved by the retirement board by complying with the following
requirements:
(A) Eligibility
requirements:
(1) An annual contract for
service covered by this system during the year within which the absence
occurred.
(2) A leave granted by
the employer for the purpose of accepting an assignment during such absence.
Leaves will not be recognized for a period greater than a total of two school
years for each period of leave.
(3)
Assignments which
that will be considered for retirement
service
credit under this rule are those related to professional duties and
responsibilities of members or activities which may be expected to improve the
service rendered by a member upon return to employment.
(4) Not later than twelve months following
termination of the leave the member must resume contributing service covered by
this system, the public employees retirement system or the school employees
retirement system.
(5) Approval of
the employer for the payment of the employer cost without reimbursement from
the member.
(6) Retirement board
approval for the member to make retirement contributions covering the period of
absence.
(B) Procedural
requirements:
(1) Subsequent to the
termination of the leave the member must file
with
submit to the retirement board:
(a) A statement showing the nature and
purpose of the assignment during such absence.
(b) A written request to the retirement board
for approval of payment by the member of member contributions.
(c) Certifications of member's employer as
follows:
(i) Member's annual contract salary
in effect for each year or part of year (first of July to thirtieth of June) in
which there was such absence.
(ii)
Official action of the employer granting the leave stating the beginning date
and the termination date.
(iii)
Official action of the employer approving the payment of the employer cost
without reimbursement from the member.
(2) If within
sixty days of notice that the retirement board has approved the
request the member pays to the employer the amounts specified by
paragraph (C)(1) of this rule within sixty days of
notice that the retirement board has approved the request, the employer
shall within thirty days of payment by the member pay to the retirement system
the amount specified by paragraph (C)(2) of this rule along with the amounts
paid by the member.
(C)
Cost calculation:
(1) Member costs:
(a) If payment is received by the retirement
system by June thirtieth of the year in which the leave occurred, the member
shall pay the difference between the contributions deducted from salary
payments during the leave period, if any, and the contributions due based on
the contract salary.
(b) If payment
is received by the retirement system after June thirtieth of the year in which
the leave occurred, the member shall pay the sum of the following for each year
of credit purchased:
(i) An amount determined
by multiplying the employee rate of contribution in effect at the time the
leave commenced by the contract salary the member would have received for the
leave less salary payments made during the leave period, if any.
(ii) Interest compounded annually, at a board
determined rate, on the amount determined under paragraph (C)(1)(b)(i) of this
rule from the day following the last day of the year in which the leave
terminated and ending through the month of payment.
(iii) Interest compounded annually, at a
board determined rate, on the employer contribution determined under paragraph
(C)(2) of this rule from the day following the last day of the year in which
the leave terminated and ending through the month of payment.
(2) Employer
contribution: the employer shall pay to the system for each year of credit
purchased under this rule an amount determined by multiplying the employer
contribution rate in effect at the time the leave commenced by the contract
salary the member would have received for the leave less salary payments made
during the leave period, if any.
Notes
Promulgated Under: 111.15
Statutory Authority: 3307.04
Rule Amplifies: 3307.77
Prior Effective Dates: 12/23/1976, 12/26/1981, 07/01/2001 (Emer.), 09/17/2001, 09/17/2002, 08/01/2005, 06/11/2010, 01/07/2013 (Emer.), 03/24/2013, 05/07/2020
Promulgated Under: 111.15
Statutory Authority: 3307.04
Rule Amplifies: 3307.77
Prior Effective Dates: 12/23/1976, 12/26/1981, 07/01/2001 (Emer.), 09/17/2001, 09/17/2002, 08/01/2005, 06/11/2010, 01/07/2013 (Emer.), 03/24/2013
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