Ohio Admin. Code 3307:2-1-01 - Definitions
Except where another definition is specified, for the purposes
of sections
3307.80
to
3307.89
of the Revised Code and Chapters 3307:2-1 to 3307:2-7
:
(A) "Covered employment" and
"teaching service" shall mean employment as a teacher in Ohio as specified by
section 3307.01 of the Revised Code and for which contributions are made
pursuant to sections 3307.26 and 3307.28 of the Revised Code.
(B) "Combined plan" shall mean the
plan of that title established by the retirement board pursuant to section
3307.81 of the Revised Code that includes both accumulations in an account in
the defined contribution fund created by section 3307.14 of the Revised Code
and determinable retirement, disability, and survivor benefits, the terms and
conditions of which shall be as specified in the plan document. The combined
plan shall also permit participation in the health care program created by the
retirement board pursuant to section 3307.39 of the Revised Code, upon the
terms and conditions specified in the plan document.
(C) "Defined benefit plan" shall
mean the plan described in sections 3307.50 to 3307.79 of the Revised
Code.
(D) "Defined contribution fund"
shall be the fund created by division (G) of section 3307.14 of the Revised
Code.
(E) "Defined contribution plan"
shall mean the plan established under section 3307.81 of the Revised Code, the
terms and conditions of which shall be as specified in the plan
document.
(F) "Defined contribution program"
or "program" shall refer collectively to the plans established by the
retirement board pursuant to section 3307.81 of the Revised
Code.
(G) "Defined contribution program
participant" shall mean a member who made a timely election under section
3307.25 or 3307.251 of the Revised Code to participate in a plan established
pursuant to section 3307.81 of the Revised Code
(H) "Member" shall be as defined by
section 3307.01 of the Revised Code.
(I) "Ohio service" shall mean
employment in an Ohio public position covered under Chapter 145., 742., 3307.,
3309. or 5505. of the Revised Code.
(J) "Participant" shall mean a
member of the state teachers retirement system who has elected pursuant to
section 3307.25 or 3307.251 of the Revised Code to participate in a plan
established pursuant to section 3307.81 of the Revised Code or who elected to
continue participating in a plan established under section 3307.81 of the
Revised Code prior to January 7, 2013.
(K) "Participant in the defined
benefit plan" shall mean a member who is participating in the defined benefit
plan.
(L) "Permanent election" shall mean
an election made under section 3307.251 or former section 3307.88 of the
Revised Code or an election to continue participating in a plan established
under section 3307.81 of the Revised Code prior to January 7,
2013.
(M) "Plan" shall mean a plan
established by the retirement board pursuant to section 3307.81 of the Revised
Code.
(N) "Plan document" or "document"
shall be the document or documents adopted by retirement board to establish the
defined contribution program or any of its constituent plans.
(O) "Retirement board" or "board"
shall mean the state teachers retirement board.
(P) "Service credit" shall mean
credit posted by the retirement system.
(Q) "Teacher" shall be a
contributing member of the retirement system employed in a position that meets
the requirements set forth in division (B) of section 3307.01 of the Revised
Code.
(R) "Withdrawal" shall mean
distribution as specified by the plan document, paragraph (A) of rule 3307:2-5-02 or paragraph (A) of rule 3307:2-5-03 of the Administrative Code.
(S) "Year" shall be the year
beginning July first and ending the next following June
thirtieth.
(T) "Years of qualifying service
credit" shall have the same meaning as the term is defined by the plan
document.
Notes
Promulgated Under: 111.15
Statutory Authority: 3307.80
Rule Amplifies: 3307.25, 3307.251, 3307.81
Prior Effective Dates: 09/17/2001, 07/16/2004, 06/18/2009, 01/07/2013 (Emer.), 03/24/2013, 06/12/2014
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