A.POLICY

 

All eligible employees may elect an Alternative Retirement Program (ARP) and enroll within 120 days of initial employment or transfer from an ineligible to an eligible appointment.

Eligible employees must choose an Ohio Department of Insurance board certified ARP vendor. Once enrollment is established with a system, the initial election is irrevocable.

 

B.POLICY GUIDELINES

 

The ARP is a defined contribution plan. No benefits are available upon retirement with these programs

 

1. POLICY HISTORY
   • Policy adopted March 31, 1999
   • Policy effective December 26, 2005
   • Policy revisions approved by the Board of Directors November 2016
   • Policy reviewed by the Human Resource Advisory Council May 2021; minor and inconsequential modifications were made to the policy

 

D.INITIATING DIVISION

 

Office of Human Resources

 

E.POLICY REVIEWERS

 

Office of Human Resources

Human Resources Advisory Council

F.POLICY REFERENCES

1. Retirement Plan Election Form
2. Reference ORC 145.01
3. Reference 500.19, Retirement Programs