Common use of Retirement Payments to SERS Clause in Contracts

Retirement Payments to SERS. a. During the period of the leave, the bargaining unit member may contribute or purchase service to the SERS as provided by Ohio Revised Code 3309.27. In order to take a Parental Leave, the bargaining unit member shall reimburse the Board for the amount of its contributions for any service credit so purchased according to the following schedule: Years of Experience In the District Percentage of Reimbursement Less than 2 Years 100% 3 Years 50% 4 Years 25% 5 or More Years 0%

Retirement Payments to SERS. a. During the period of the leave, the bargaining unit member may contribute or purchase service to the SERS as provided by Ohio Revised Code 3309.27. In order to take a Parental Leave, the bargaining unit member shall reimburse the Board for the amount of its contributions for any service credit so purchased according to the following schedule: Years of Experience In the District Percentage of Reimbursement Less than 2 Years Percentage of Reimbursement 100% 2 Years 75% 3 Years 50% 4 Years 25% 5 or More Years 0%

Retirement Payments to SERS. a. During the period of the leave, the bargaining unit member may contribute or purchase service to the SERS as provided by Ohio Revised Code 3309.27. In order to take a Parental Leave, the bargaining unit member shall reimburse the Board for the amount of its contributions for any service credit so purchased according to the following schedule: Years of Experience Percentage of In the District Percentage of Reimbursement Less than 2 Years 100% 2 Years 75% 3 Years 50% 4 Years 25% 5 or More Years 0%