145.322 Additional allowance on or after 07-01-68.
145.322 Additional allowance on or after 07-01-68.
(A) On and after July 1, 1968, all allowances, pensions, or other benefits, which are payable or become payable and for which eligibility is established prior to July 1, 1968, pursuant to the provisions of sections 145.33, 145.34, 145.36, 145.37, 145.45, and 145.46 of the Revised Code, shall be increased by the percentages as determined by the effective date of the allowance, pension, or benefit, as follows:
Effective Date of Benefit Calendar Year Percentage of Increase
1937 through 1955 24.3
1956 22.5
1957 18.4
1958 15.2
1959 14.3
1960 12.5
1961 11.3
1962 10.1
1963 8.7
1964 7.3
1965 5.6
1966 2.6
1967 2.0
January 1, 1968 through June 30, 1968 2.0
(B)(1) All increases determined by applying the percentages in the table in division (A) of this section shall be reduced by the dollar amount of the increases granted in 1965 pursuant to divisions (D), (E), and (F) of section 145.321 of the Revised Code, except that no allowance, pension, or benefit shall be reduced below the amount due on June 30, 1968, and no allowance granted under this section shall be less than a total annual sum of thirty-six dollars.
(2) The allowances increased by division (A) of this section shall exclude any monthly amount payable by reason of any voluntary deposits made under section 145.201 and division (C) of section 145.23 of the Revised Code.
(3) The increases provided by this section shall be granted notwithstanding the final average salary limitation in sections 145.33 and 145.36 of the Revised Code.
(4) The cost of the increases provided by this section shall be included in the employer’s contribution rate provided by section 145.48 of the Revised Code. Such employer’s contribution rate shall not be increased until July 1, 1969, or later to reflect the increased costs created by this section.
Effective Date: 09-21-2000