Ohio Code 145.813 – Maintaining individual account for each participant
Current as of: 2024 | Check for updates
|
Other versions
Each PERS defined contribution plan shall require the public employees retirement board, or the entity administering the plan pursuant to a contract with the board, to cause an individual account to be maintained for each member participating in the plan. Amounts to be credited under a PERS defined contribution plan may be deposited into any of the funds created under section 145.23 of the Revised Code or may be transferred to the entity administering the plan for the purpose of making distributions from the member’s individual account.
Terms Used In Ohio Code 145.813
- Contract: A legal written agreement that becomes binding when signed.
- Member: includes a PERS retirant who becomes a member under division (C) of section 145. See Ohio Code 145.01