Ohio Admin. Code 3309-1-38
Current through all regulations passed and filed through December 2, 2024
Except as otherwise provided in Chapter 3309. of the Revised Code or SERS rules, the rate of compound interest for the purchase or restoration of service credit under Chapter 3309. of the Revised Code or SERS rules shall be the rate guaranteed by the retirement board at time of purchase, as recommended by the actuary, and such rate of compound interest shall be applied to the entire period purchased or restored.
Ohio Admin. Code 3309-1-38
Promulgated Under: 111.15
Statutory Authority: 3309.04
Rule Amplifies: 3309.01(I), 3309.021, 3309.022, 3309.26, 3309.31, 3309.451, 3309.473, 3309.474, 3309.73, 3309.75
Prior Effective Dates: 12/24/1976, 02/01/1992, 01/02/1993, 11/01/1996, 11/09/1998, 05/02/2001, 02/11/2002, 05/09/2003, 04/01/2013, 05/01/2018
Five Year Review (FYR) Dates: 2/1/2018 and 02/01/2023
Promulgated Under: 111.15
Statutory Authority: 3309.04
Rule Amplifies: 3309.01(I), 3309.021, 3309.022, 3309.26, 3309.31, 3309.451, 3309.473, 3309.474, 3309.73, 3309.75
Prior Effective Dates: 12/24/1976, 02/01/1992, 01/02/1993, 11/01/1996, 11/09/1998, 05/02/2001, 02/11/2002, 05/09/2003, 04/01/2013