145.49 Calculations of employee and employer contribution rates separately. - Ohio Statutes

145.49 Calculations of employee and employer contribution rates separately.

(A) Notwithstanding section 145.47 of the Revised Code:

(1) The public employees retirement system shall be authorized to calculate the employee contribution rates separately for those public employees contributing toward benefits as PERS public safety officers under section 145.33 of the Revised Code.

(2) Each public employee contributing toward benefits as PERS law enforcement officers under section 145.33 of the Revised Code shall contribute to the employees’ savings fund the rate determined under division (A)(1) of this section plus an additional percentage specified by the public employees retirement board, which shall initially be one per cent of the employee’s earnable salary and shall not be increased to more than two per cent of the employee’s earnable salary.

(B) Notwithstanding section 145.48 of the Revised Code, the public employees retirement system shall be authorized to calculate the employer contribution rates separately for those public employees contributing toward benefits as PERS public safety officers under section 145.33 of the Revised Code or as PERS law enforcement officers under that section, except that the employer contribution rate shall not exceed eighteen and one-tenth per cent of the earnable salaries of those employees.

Effective Date: 02-01-2002; 2008 SB267 03-24-2009