Ohio Code 3309.97 – Deposits of members
Current as of: 2023 | Check for updates
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Each plan established under section 3309.81 of the Revised Code shall permit a member participating in the plan to do all of the following:
Terms Used In Ohio Code 3309.97
- Contract: A legal written agreement that becomes binding when signed.
- Member: includes a disability benefit recipient. See Ohio Code 3309.01
(A) Maintain on deposit with the school employees retirement system, or the entity administering the plan pursuant to a contract with the school employees retirement board, any amounts that have accumulated on behalf of the member;
(B) If the member has withdrawn the amounts described in division (A) of this section, redeposit with the system or the entity administering the plan the amounts withdrawn;
(C) Make additional deposits as permitted by the “Internal Revenue Code of 1986,” 100 Stat. 2085, 26 U.S.C.A. 1, as amended.