|Members Retirees Employers|
You receive service credit for the time you work for a school, college, or university; this is called contributing service credit. One year of service credit is granted upon completion of 120 or more days of paid school employment within a fiscal year (July 1 through the following June 30). There is no distinction between full-time, part-time, or substitute positions in granting this service credit. Any portion of a day constitutes one full day. Paid days that are used, such as sick and vacation, count toward the 120 days.[Read More...]
If you work less than 120 days, you will receive a fractional amount of service credit prorated on the basis of a 180-day school year with the result shown in the following chart.
If you are a member of more than one system, at the time of retirement, you may have all deposits, salary, and service credit combined for a greater pension.[Read More...]
STRS AND OPERS
If you have been employed in a job covered by STRS or OPERS as well as in a job covered by SERS, at retirement you may retire independently from each of the systems if you are eligible or you may combine your service credit and accounts in all the systems to receive one benefit. The system with the greatest service credit will be the system that will calculate and pay your benefit. While your salaries in one year will be added together, if you have service credit in each system for the same year, you cannot be credited with more than one year of service credit for each 12 months in a year. You also may combine service credit and accounts for a disability benefit.
CINCINNATI RETIREMENT SYSTEM
Retirement System (CRS). If your contributions in CRS are still on deposit, they may be transferred to SERS including any amounts paid for the purchase of military service. If you withdrew the contributions, you may purchase the CRS time after contributing to SERS for 18 months. Your cost for each year is an amount equal to the amount refunded by the CRS for your contributing service and any purchased military service, plus the amount of interest, if any, you received when the refund was paid. You cannot purchase this service credit if it is or will be used in the payment under any other retirement program.
OHIO POLICE & FIRE PENSION FUND OR OHIO HIGHWAY PATROL RETIREMENT SYSTEM
Credit may be purchased for former service as an Ohio firefighter, police officer, or highway patrol officer. If your contributions in the other system are still on deposit, they may be transferred to SERS including any amounts paid for the purchase of military service. If you withdrew the contributions, you may purchase the OP&F or HPRS time. Your cost for each year is an amount equal to the amount refunded by the other system for your contributing service and any purchased military service, plus