Ohio Administrative Code
Title 3342 - Kent State University
Chapter 3342-6 - Administrative Policy on Awards and Compensation for University Employees
Section 3342-6-10 - University policy regarding retirement
Universal Citation: OH Admin Code 3342-6-10
Current through all regulations passed and filed through September 16, 2024
(A) Salary deducion.
(1)
It is mandatory that tenured, tenure track, and non-tenure track faculty
holding membership within a bargaining unit participate in either the state
teachers retirement system of Ohio (STRS) or a qualified alternative retirement
plan (ARP).
(2)
It is mandatory that full-time classified staff and
unclassified administrative staff participate in either Ohio public employees
retirement system (OPERS) or a qualified alternative retirement plan
(ARP).
(3)
Faculty, classified staff, and unclassified staff
retirement contributions (the deferred salary) are calculated with each
payroll. The deferred salary is forwarded by the univeristy to the appropriate
retirement system to be applied on behalf of the employee. The university makes
an additional contribuiton. Current contribution percentage amounts are
available from the university benefits office.
(4)
Pamplets
containing information on the STRS, OPERS, and ARP retirement plans are
available in the benefits office or on the university's human resources
website.
Replaces: 3342-6-10
Disclaimer: These regulations may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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