Ohio § 3307.72 Credit for years of service where employer failed to make contributions

Ohio Statutes

§ 3307.72 — Credit for years of service where employer failed to make contributions

Ohio § 3307.72

Title 33Education-Libraries

Ch. 3307State Teachers Retirement System

This text of Ohio § 3307.72 (Credit for years of service where employer failed to make contributions) 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. § 3307.72 (2026).

Text

The state teachers retirement board shall  credit years of service to a member participating in the STRS  defined benefit plan who was employed for teaching service by an  employer who failed to make retirement contributions to the state  teachers retirement system during any year or years beginning on  or after September 1, 1920, if the member deposits in the  teachers' savings fund a per cent of the member's annual  compensation for such service, at the rate of contribution then in  effect, plus interest compounded annually at a rate established by  the board. The member may choose to purchase only part of such  credit in any one payment, subject to board rules.

The employer shall, upon the request of such member, certify  the amount of compensation by years of employment to the secreta

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The state teachers retirement board shall credit years of service to a member participating in the STRS defined benefit plan who was employed for teaching service by an employer who failed to make retirement contributions to the state teachers retirement system during any year or years beginning on or after September 1, 1920, if the member deposits in the teachers' savings fund a per cent of the member's annual compensation for such service, at the rate of contribution then in effect, plus interest compounded annually at a rate established by the board. The member may choose to purchase only part of such credit in any one payment, subject to board rules.

The employer shall, upon the request of such member, certify the amount of compensation by years of employment to the secretary of the board. For teaching service on or after July 1, 1978, the employer shall pay an amount equal to the employer contributions due at the time the service occurred, plus compound interest at a rate determined by the board from the date the service began to the date of payment.