Ohio Admin. Code 145-1-90 - Consolidation of the combined plan into the traditional pension plan

(A) This rule amplifies section 145.196 of the Revised Code.

(B) Pursuant to the authority specified in section 145.196 of the Revised Code, the combined plan shall be consolidated into the traditional pension plan effective January 1, 2024, for administrative and accounting purposes.

(C) For the purpose of administering the individual account, as defined in section 145.196 of the Revised Code, in a manner consistent with PERS defined contribution plan, the plan document for the combined plan described in rules 145-3-01 and 145-3-02 of the Administrative Code shall remain in effect on and after the date of consolidation.

(D) As used in Chapter 145. of the Administrative Code, all referernces to the "combined plan" mean the combined plan consolidated into the traditional pension plan as described in section 145.196 of the Revised Code and paragraph (B) of this rule.

Notes

Ohio Admin. Code 145-1-90

Effective: 1/1/2025
Five Year Review (FYR) Dates: 09/28/2029
Promulgated Under: 111.15
Statutory Authority: 145.09, 145.196
Rule Amplifies: 145.196