Ohio Code 3309.43 – Payments to members who are members of another state retirement system
(A) As used in this section, “other retirement system” means the public employees retirement system or the state teachers retirement system.
Terms Used In Ohio Code 3309.43
- Accumulated contributions: means the sum of all amounts credited to a contributor's account in the employees' savings fund together with any regular interest credited thereon at the rates approved by the retirement board prior to retirement. See Ohio Code 3309.01
- Benefit: means a payment, other than a retirement allowance or the annuity paid under section 3309. See Ohio Code 3309.01
- Employee: means all of the following:
(1) Any person employed by a public employer in a position for which the person is not required to have a registration, certificate, or license issued pursuant to section 3301. See Ohio Code 3309.01
- Member: includes a disability benefit recipient. See Ohio Code 3309.01
- public employer: means boards of education, school districts, joint vocational districts, governing authorities of community schools established under Chapter 3314 of the Revised Code, a science, technology, engineering, and mathematics school established under Chapter 3326 of the Revised Code, educational institutions, technical colleges, state, municipal, and community colleges, community college branches, universities, university branches, other educational institutions, or other agencies within the state by which an employee is employed and paid, including any organization using federal funds, provided the federal funds are disbursed by an employer as determined by the above. See Ohio Code 3309.01
- state: means the state of Ohio. See Ohio Code 1.59
(B) Except as provided in division (C) of this section, on application, a member of the school employees retirement system who is also a member of one or both of the other retirement systems and has ceased to be an employee under this chapter may be paid, in accordance with section 3309.42 of the Revised Code, the member’s accumulated contributions to the school employees retirement system. This payment does not affect the member’s membership in the other retirement systems or any right the member may have to a benefit or return of contributions under those systems.
(C) This section does not apply to a member of one of the other retirement systems whose employment under that system is with the public employer that was the employer under the school employees retirement system at the time the member’s service subject to this chapter terminated.