3307.561 Withdrawing contributions by member who is member of another state retirement system. - Ohio Statutes

3307.561 Withdrawing contributions by member who is member of another state retirement system.

(A) Except as provided in division (B) of this section, a member of the state teachers retirement system participating in the plan described in sections 3307.50 to 3307.79 of the Revised Code who has ceased to be a teacher, and who is also a member of either the public employees retirement system or school employees retirement system, or both, may not withdraw the member’s accumulated contributions.

(B) On application, the state teachers retirement board shall pay a member described in division (A) of this section the member’s accumulated contributions if either of the following applies:

(1) The member also withdraws the member’s contributions from the other systems.

(2) The member is a participant in a plan established under section 145.81 or 3309.81 of the Revised Code and has withdrawn the member’s contributions under plans described in sections 145.201 to 145.79 and 3309.18 to 3309.70 of the Revised Code.

Effective Date: 10-01-2002