Department of Rehabilitation and Corrections announces its ERIP details

Feb. 20, 2008 - Beginning March 31, 2008, Ohio Department of Rehabilitation and Corrections employees will have one year to take advantage of a one-year service buy-out, according to a Feb. 15 memo from Director Terry Collins.

Collins indicated that DR&C officials will send a notice to all employees who may be eligible for its Early Retirement Incentive Plan.

Employees only have to become eligible for retirement (using the purchased service credit) at some point before March 30, 2009 and must come to an agreement with DR&C about a specific retirement date.

Agencies were required to design their plans so that early retirement incentives could be offered to at least 5 percent of OPERS-covered employees in the affected units.

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