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(A) This rule amplifies sections 3309.74,
3309.75, and 3309.76 of the Revised Code.(B) As used in this rule:
(1) "Eligible
service credit" means service credit earned under this system or the
Cincinnati retirement system or military service credit purchased or obtained
in this system or the Cincinnati retirement system.(2) "Eligible SERS member"
means a member of this system who is eligible to obtain service credit in this
system for service in the Cincinnati retirement system pursuant to section
3309.75 of the Revised Code.(3) "Eligible CRS member" means
a member or former member of this system who is eligible to obtain service
credit in the Cincinnati retirement system pursuant to section 3309.76 of the
Revised Code.(C) To obtain service credit in this system for eligible service
credit with the Cincinnati retirement system, an eligible SERS member shall
file a written request on a form provided by this system. Upon receipt of the
properly completed form, this system shall notify the Cincinnati retirement
system.(D) This system shall grant .083 per cent of a year of service
credit in this system per month of eligible service credit with the Cincinnati
retirement system upon payment of the following amounts:(1) Payment by the
Cincinnati retirement system of the amounts required under division (B)(4) or
division (C)(4)(b) of section 3309.75 of the Revised Code.(2) Payment by the
eligible SERS member of the amounts required under division (C)(4)(a) of
section 3309.75 of the Revised Code with interest as provided by rule 3309-1-38
of the Administrative Code.(E) If the Cincinnati retirement system fails to pay any amounts
required under division (B)(4) or division (C)(4)(b) of section 3309.75 of the
Revised Code, this system shall not grant any service credit for which payment
was not received and shall:(1) Provide notice to the
eligible SERS member; and(2) Refund any amounts
paid by the eligible SERS member under division (C)(4)(a) of section 3309.75
and paragraph (D)(2) of this rule for which service credit is not
granted.(F) An eligible SERS member may obtain service credit pursuant to
section 3309.75 of the Revised Code in increments of one month. Service credit
obtained in this system shall be deemed to be based first on the eligible SERS
member's most recently acquired eligible service credit in the Cincinnati
retirement system.(G) No service credit shall be granted in this system that would
result in the eligible SERS member accruing more than one year of service
credit for any twelve-month period.(H)
(1) This system shall pay
to the Cincinnati retirement system the amounts required under section 3309.76
of the Revised Code upon receiving written notice from the Cincinnati
retirement system that the eligible CRS member has filed a request to obtain
service credit in the Cincinnati retirement system and paid any amounts
required.(2) If less than the
eligible CRS member's total eligible service credit in this system is
obtained in the Cincinnati retirement system pursuant to division (A)(4)(a) of
section 3309.76 of the Revised Code, any benefits or payments to which the
eligible CRS member or beneficiaries may be entitled shall be based on the
remaining service credit with this system.
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