Regards limits on the purchase of retirement service credit

Summary

The bill allows members of Ohio public‑employee retirement systems to purchase credit for service performed in other states or for the federal government, but limits the purchase to the lesser of five years or the member’s total Ohio service. Purchasers must pay the actuarially calculated liability, retire within 90 days of purchase, and cannot buy credit that is already counted in another pension benefit. The rules apply to teachers, police, fire, highway patrol, school employees and other public‑employee retirees.

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