Ohio Administrative Code
Title 742 - Ohio Police and Fire Pension Fund
Chapter 742-8 - Penalties
Section 742-8-08 - Penalties and interest under section 742.353 of the Revised Code
Current through all regulations passed and filed through March 18, 2024
(A) Pursuant to division (C) of section 742.353 of the Revised Code, the penalties assessed under sections 742.351 and 742.38 of the Revised Code shall be as follows:
The total of the penalties paid by an employer under this paragraph in a calendar year shall not exceed twenty thousand dollars.
(B) Any amount due from an employer under paragraphs (A) of this rule shall be collected from the county auditor in the same manner as is provided in section 742.35 of the Revised Code.
(C) Employers with no more than five members that still have penalties remaining after the application of the penalty structure in paragraph (A) of this rule shall pay an amount not to exceed one thousand five hundred dollars for each failure to transmit the notice or reports in accordance with sections 742.351 and 742.38 of the Revised Code. Such employers shall be eligible to participate in the payment plan outlined in rule 742-7-15 of the Administrative Code to the extent that they require an additional amount of time to repay penalties and interest.
Effective: 7/21/2016
Five Year Review
(FYR) Dates: 05/05/2016 and
07/11/2021
Promulgated
Under: 111.15
Statutory
Authority: 742.10,
742.353
Rule
Amplifies: 742.353
Prior
Effective Dates: 12/27/05 (Emer.), 1/20/06 (Emer.), 3/20/06 (Emer.), 5/05/2006,
06/30/2011