Ohio Code 145.361 – Annual amount of disability allowance
(A) A member with disability coverage under this section who is determined by the public employees retirement board under section 145.35 of the Revised Code to qualify for a disability benefit shall receive a disability allowance under this section. The allowance shall be an annual amount equal to the greater of the following:
Terms Used In Ohio Code 145.361
- Accumulated contributions: means the sum of all amounts credited to a contributor's individual account in the employees' savings fund together with any interest credited to the contributor's account under section 145. See Ohio Code 145.01
- Age and service retirement: means retirement as provided in sections 145. See Ohio Code 145.01
- Disability allowance: means an allowance paid on account of disability under section 145. See Ohio Code 145.01
- Disability benefit: means a benefit paid as disability retirement under section 145. See Ohio Code 145.01
- Final average salary: means the greater of the following:
(a) The sum of the member's earnable salaries for the appropriate number of calendar years of contributing service, determined under section 145. See Ohio Code 145.01
- Member: includes a PERS retirant who becomes a member under division (C) of section 145. See Ohio Code 145.01
- Pension reserve: means the present value, computed upon the basis of the mortality and other tables adopted by the board, of all payments to be made on account of any retirement allowance or benefit in lieu of any retirement allowance, granted to a member or beneficiary under this chapter. See Ohio Code 145.01
(1) Forty-five per cent of the member’s final average salary;
(2) The member’s total service credit multiplied by two and two-tenths per cent of the member’s final average salary, not exceeding sixty per cent of the member’s final average salary.
(B) Sufficient reserves for payment of the disability allowance shall be transferred to the annuity and pension reserve fund from the employers’ contribution fund. The accumulated contributions of the member shall remain in the employees’ savings fund. No part of the allowance paid under this section shall be charged against the member’s accumulated contributions.
(C) A disability allowance paid under this section shall terminate at the earliest of the following:
(1) The effective date of age and service retirement under sections 145.32, 145.33, 145.332, and 145.335, or section 145.37 or former section 145.34 of the Revised Code;
(2) The date the allowance is terminated under section 145.362 of the Revised Code;
(3) The later of the last day of the month in which the recipient attains the applicable age, or the last day of the month in which the benefit period ends as follows:
Attained Age at Effective Date of Disability Allowance | Benefit Period |
60 or 61 | 60 months |
62 or 63 | 48 months |
64 or 65 | 36 months |
66, 67, or 68 | 24 months |
69 or older | 12 months |
The applicable age is sixty-five if the member is described in division (A) of section 145.32 or division (A) of section 145.332 of the Revised Code. It is sixty-six if the member is described in division (B) of section 145.32 or division (B) of section 145.332 of the Revised Code. It is sixty-seven if the member is described in division (C) of section 145.32 or division (C) of section 145.332 of the Revised Code.
Last updated September 18, 2023 at 10:14 AM