Ohio Administrative Code › Title 742 - Ohio Police and Fire Pension Fund › Chapter 742-3 - Retirement › Section 742-3-02 - Definition and usage of terminal pay and salary in benefit and pension calculations

Current through all regulations passed and filed through July 1, 2024
(A) For benefit calculation purposes, all
			 payments made by an employer to an employee shall be reported to and considered
			 by the Ohio police and fire pension fund ("OP&F") according to the
			 definitions contained in section
			 742.01 of the Revised Code and
			 this rule.
(B) "Terminal pay"
			 includes, but is not limited to, the specific payments defined in this rule,
			 subject to the other provisions of this rule.
(1) "Vacation " refers to sums paid to employees for periods during
			 which they do not work, pursuant to normal employment arrangement. It also
			 includes additional compensation paid to employees for foregoing
			 vacation.
(2) "Sick leave"
			 represents amounts paid directly by employers to employees for periods during
			 which they do not work due to personal injury or sickness.
(3) "Personal leave" is paid leave other than
			 vacation or sick leave. If its usage results in debiting another paid leave
			 account for the employee, then it is not considered to be personal days, but is
			 defined by the form of payment from the debited account.
(4) "Compensatory time" results from
			 employees being credited for hours worked in excess of the employers' standard
			 workday.
(5) "Holiday compensation"
			 is payment received by an employee for a day that is customarily observed in
			 the community in celebration of a historical or religious occasion, regardless
			 of whether or not the employee works that holiday.
(6) "Longevity" is a regular, recurring
			 payment received by an employee based on a years-of-service schedule.
(7) "Overtime" is payment received by an
			 employee for duty-related work performed in excess of a standard workweek. For
			 purposes of divisions (K)(3) and (L)(1) of section
			 742.01 of the Revised Code, the
			 payroll period shall be determined by the employer's practice for reporting
			 overtime, as documented by OP&F's books and records, but in no event shall
			 the employer report overtime to OP&F more than sixty days after the date on
			 which the overtime is worked.
(8)
			 "Paid leave" is compensated leave received by an employee which is a
			 combination of vacation and sick leave.
(9) "Combined leave" is paid leave received
			 by an employee which is a combination of any leave described in paragraph (B)
			 of this rule.
(10) "Hazard pay" is
			 a regular payment received by an employee for employment in a high-risk
			 occupation.
(11) "Stress pay" is a
			 regular payment received by an employee to compensate for employment in a
			 stressful occupation.
(12) "Premium
			 pay" is payment received by an employee that is between his regular rate of pay
			 and his overtime rate of pay.
(13)
			 A "Kelly Day" is compensation paid to a member of OP&F which is not
			 vacation, sick leave, or personal leave for a continuous period of off duty
			 time for the purpose of reducing the hours worked in a week as specified by
			 contract.