Ohio Admin. Code 742-5-01 - Definition of service credit
(A) Years of service and years of
active service accumulated by members of the fund for calculation of benefits
and pensions was broadly interpreted to include part-time service in a police
or fire department;
(1) That members of the fund who
were members of local police and fire relief and pension funds at time of
transfer of assets to the police and firemen's disability and pension fund (now
known as police and fire pension fund) shall receive service credit as reported
by the trustees of the police and fire relief and pension funds on which
accrued liability payments were established;
(2) That subsequent to January 1,
1967, years of service or years of active service shall mean years of full-time
service for which retirement contributions are deducted from "salary," as such
term is defined in section 742.01 of the Revised Code and rule 742-3-01
oftheAdministrativeCode, and forwarded to the police and firemen's disability
and pension fund (now known as police and fire pension fund);
(3) Notwithstanding the above,
volunteer and part-time members of police and fire relief and pension funds at
time of transfer of assets to the police and firemen's disability and pension
fund (now known as police and fire pension fund), as provided by former section
742.26 of the Revised Code, shall receive service credit as members of the
police and firemen's disability and pension fund (now known as police and fire
pension fund) provided retirement contributions were deducted from the salary
and forwarded to the police and firemen's disability and pension
fund.
Notes
Promulgated Under: 111.15
Statutory Authority: 742.10
Rule Amplifies: 742.37
Prior Effective Dates: 01/01/1977, 07/31/2003, 01/22/2009, 02/09/2014
Promulgated Under: 111.15
Statutory Authority: 742.10
Rule Amplifies: 742.37
Prior Effective Dates: 01/01/1977, 07/31/2003, 01/22/2009, 02/09/2014
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