Ohio Admin. Code 5505-3-04 - Reemployed retirants
(A) A retirant whose reemployment, whether
full-time or part-time, is covered by one of the other Ohio public retirement
plans is subject to the following:
(3)
(4)
Notwithstanding the
prior provisions, if reemployment occurs sixty days or more prior to the
pension eligibility date, no pension allowance shall be forfeited.
(1) If
reemployment occurs prior to the pension eligibility date, or before the end of
thirty days following the pension eligibility date, two months' pension
allowance shall be forfeited.
(2)
If reemployment occurs after thirty days but before the end of sixty days
following the pension eligibility date, one month's pension allowance shall be
forfeited.
(3)
A DROP participants' pension eligibility date is the
day following the event terminating the member's participation in DROP as
defined by sections 5505.55,
5505.56, and
5505.58 of the Revised
Code.
(B) If a pension allowance has
been paid to a reemployed retirant who is not entitled to it because of
paragraph (A) of this rule that amount shall be withheld from future payments
due to the retirant. In the event that future payments due to the retirant are
less than the amount to be forfeited, the retirant must immediately reimburse
the system for the difference.
(C)
Health care coverage eligibility is not affected by this rule.
Notes
Promulgated Under: 111.15
Statutory Authority: 5505.07
Rule Amplifies: 5505.161
Prior Effective Dates: 08/01/1992, 10/21/2005, 05/23/2007, 02/01/2013
Promulgated Under: 111.15
Statutory Authority: 5505.07
Rule Amplifies: 5505.161
Prior Effective Dates: 08/01/1992, 10/21/2005, 05/23/2007, 02/01/2013
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