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Agenda
Definition of earnable salary What IS earnable salary What is NOT earnable salary Settlement agreement
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Ohio Public Employees Retirement System
Earnable Salary Presented by: OPERS Employer Services 1 Agenda 1 - - PowerPoint PPT Presentation
Earnable Salary Presented by: OPERS Employer Services 1 Agenda 1 - - PowerPoint PPT Presentation
Earnable Salary Presented by: OPERS Employer Services 1 Agenda 1 Definition of earnable salary 2 What IS earnable salary 3 What is NOT earnable salary 4 Settlement agreement Ohio Public Employees Retirement System Defined in ORC and OAC
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Earnable Salary
Defined in ORC and OAC Not everything is earnable Request determination Unauthorized contributions can be refunded
Ohio Public Employees Retirement System
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Earnable Salary
Regular wages
- r salary
Current year OT paid Pay for sick or vacation used Bonus %
- f salary
Annual longevity pay
Examples
Ohio Public Employees Retirement System
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Lump sum payments at termination Pay per meeting, item, event Incidental benefits Severance pay Pay differential for military vs. civilian
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NOT Earnable Salary
Ohio Public Employees Retirement System
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NOT Earnable Salary
Amounts under agreement to retire Lump sum payment not % of salary Amounts in lieu of insurance
Reimbursements job-related expenses
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Ohio Public Employees Retirement System
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If employee is reinstated without interruption or loss of time to their former or comparable position of employment and awarded back wages pursuant to a final court order, arbitration or personnel board of review, grievance award, or other settlement or order.
Settlement Agreement
Photo here
Ohio Public Employees Retirement System
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Employer Services
Call Center:
888-400-0965
Fax:
614-857-1152
Email:
employeroutreach @opers.org
Website: www.opers.org
Ohio Public Employees Retirement System