For each member participating in a PERS defined contribution plan, the public employees
retirement system may transfer to the employers' accumulation fund a portion of the
employer contribution required under section 145.48 of the Revised Code. If the public employees retirement board elects to make a transfer under this section,
the portion transferred shall not exceed the percentage of earnable salary of members
for whom the contributions are being made that is determined by an actuary appointed
by the board to be necessary to mitigate any negative financial impact on the system
of members' participation in a plan.
The board may have prepared, at intervals determined by the board, an actuarial study
to determine whether a transfer under this section is necessary to reflect a change
in the level of negative financial impact resulting from members' participation in
a plan. The percentage transferred, if any, shall be increased or decreased to reflect the
amount needed to mitigate the negative financial impact, if any, on the system, as
determined by the study. A change in the percentage transferred shall take effect on a date determined by
If a transfer under this section is made, the system shall make the transfer until
the unfunded actuarial accrued liability for all benefits, except health care benefits
provided under section 145.58 or 145.584 of the Revised Code and benefit increases to members and former members participating in the PERS defined
benefit plan granted after September 21, 2000, is fully amortized, as determined by
the annual actuarial valuation prepared under section 145.22 of the Revised Code.
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