Ohio § 3307.711 Payroll deduction plans - restoring PERS or SERS credit

Ohio Statutes

§ 3307.711 — Payroll deduction plans - restoring PERS or SERS credit

Ohio § 3307.711

Title 33Education-Libraries

Ch. 3307State Teachers Retirement System

This text of Ohio § 3307.711 (Payroll deduction plans - restoring PERS or SERS credit) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3307.711 (2026).

Text

(A)A member of the state teachers retirement system who has at least eighteen months of contributing service credit in the system, the police and firemen's disability and pension fund, public employees retirement system, school employees retirement system, or state highway patrol retirement system, and is a former member of or no longer contributing to the public employees retirement system or school employees retirement system may restore service credit under section145.31or3309.26of the Revised Code by making payments pursuant to this section through a payroll deduction plan established under section3307.701of the Revised Code. A member seeking to restore this service credit shall notify the state teachers retirement system on a form approved by the state teachers retirement board. Afte

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(A) A member of the state teachers retirement system who has at least eighteen months of contributing service credit in the system, the police and firemen's disability and pension fund, public employees retirement system, school employees retirement system, or state highway patrol retirement system, and is a former member of or no longer contributing to the public employees retirement system or school employees retirement system may restore service credit under section145.31or3309.26of the Revised Code by making payments pursuant to this section through a payroll deduction plan established under section3307.701of the Revised Code. A member seeking to restore this service credit shall notify the state teachers retirement system on a form approved by the state teachers retirement board. After receiving the notice, the state teachers retirement system shall request that the former retirement system calculate under section145.312or3309.262of the Revised Code the cost to the member to restore service credit for each year or portion of a year of service for which the member seeks to restore the service credit. The amount the former retirement system certifies as the cost of restoring the service credit, plus interest described in division (B) of this section, is the cost to the member of restoring the service credit. On receiving the certification from the former retirement system, the state teachers retirement system shall notify the member of the cost.

(B) For each year or portion of a year of service credit restored under section145.31or3309.26of the Revised Code, a member shall pay to the state teachers retirement system the amount certified by the former retirement system plus interest at a rate specified by the former retirement system under section145.312or3309.262of the Revised Code for the period during which deductions are made under section3307.701of the Revised Code.

(C) The state teachers retirement board shall at least annually transmit to the former retirement system notice and any payments made to restore service credit under section145.31or3309.26of the Revised Code. The former retirement system shall restore the service credit for the year or portion of a year for which the payment was made.

(D) The board shall adopt rules to implement this section.