Ohio Revised Code|Section 3309.34 | Eligibility for service retirement.

                                                
(A)(1)(a) A member of the school employees  retirement system is eligible for service retirement before August  1, 2017, if the member: 
(i) Has at least five years of total service credit and has  attained sixty years of age;
(ii) Has at least thirty years of total service credit at any  age;
(iii) Has at least twenty-five years of total service credit  and has attained fifty-five years of age.
(b) A member who has at least twenty-five years of total  service credit on or before August 1, 2017, is eligible for  retirement under division (A)(1)(a)(ii) or (iii) of this section.
(c) A member is eligible for retirement under division  (A)(1)(a) of this section if as of August 1, 2017, the member will  have less than twenty-five years of total service credit but, not  later than that date, pays to the retirement system an amount  equal to the additional liability to the system resulting from the  member's retirement under this division.
(2)(a) Except as provided in division (A)(1)(c) of this  section, a member who on August 1, 2017, has less than twenty-five  years of total service credit is eligible for service retirement  under this division if the member:
(i) Has earned at least ten years of total service credit and  has attained sixty-two years of age;
(ii) Has earned at least twenty-five years of total service  credit and has attained sixty years of age;
(iii) Has earned at least thirty years of total service  credit and has attained fifty-seven years of age.
(b) The board, by rule adopted under division (D) of this  section, may adjust the retirement eligibility requirements of  division (A)(2)(a) of this section if the board's actuary, in its  evaluation under division (C) of this section, determines that an  adjustment is necessary to ensure that the retirement system meets  the thirty-year amortization period requirement of section  3309.211 of the Revised Code.
(B) A member may retire by filing an application for  retirement with the school employees retirement board on a form  provided by the board. The board shall not retire the member  sooner than the first day of the month next following the later  of:
(1) The last day of employment for which compensation was  paid;
(2) The attainment of minimum age and service credit  eligibility for service or commuted service retirement.
(C) In each five-year period, the board shall direct its  actuary to evaluate the retirement eligibility requirements of  this section.
(D) The board, in consultation with its actuary, shall adopt  rules to implement this section.