Regards limits on the purchase of retirement service credit

Summary

The bill lets Ohio public‑sector retirees purchase credit for prior work with other states, the federal government, or municipal retirement systems, but limits the purchase to five years or the member’s total Ohio service. To qualify, the service must be comparable to Ohio retirement plans, the member must retire within 90 days of buying the credit, and they must pay the actuarially‑determined cost. Credits that overlap with other retirement benefits are prohibited, and any unused credit is refunded.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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