All employees being considered for reinstatement will be required to pass a physical examination and any other tests deemed appropriate by the City before reinstatement.

Section 12.4 – Service Retirement. All full-time, part-time, seasonal/temporary employees are required by State law to participate in either the Ohio Public Employees Retirement System (OPERS) or the Ohio Police and Fire Pension Fund (OP&F). Employee contributions towards the retirement systems, vesting privileges and purchase of service credit are determined by the individual retirement systems. Those employees hired after March 31, 1986 are also required to contribute 1.45% of their earnings towards Medicare.

Any employee of the City of Oakwood eligible to retire and to receive retirement benefits under the applicable rules, regulations, and statutes of the State of Ohio may do so provided such retirement is in accordance with the rules of the Ohio Public Employees Retirement System or the Ohio Police and Fire Pension Fund, as applicable, and consistent with the City of Oakwood Personnel Rules and Regulations.

City vacation earned by an employee and unused shall be paid to the employee on the basis of one day's pay for each day of accumulated vacation.

Should an employee have sick leave accumulated in excess of sixty (60) days (480 hours), that employee will be compensated on a ratio of one day's (8 hours) pay for each three (3) days (24 hours) of accumulated sick leave at the rate of employee’s current pay. If an employee has accumulated one hundred twenty (120) days (960 hours) of sick leave or more, his or her beneficiary will be compensated at retirement or death at one day's (8 hours) pay for each two (2) days (16 hours) of accumulated sick leave, not to exceed a payout of (75) days (600 hours), on the same terms as outlined above, but in place of the formula outlined above. In the event that an employee is eligible for the full (75) days (600 hours) payout, any excess sick leave above (150) days (1200 hours) shall not be compensated. Such appropriate vacation conversion and sick leave conversion shall be paid at the time of retirement.

Eligible employees who intend to retire must submit a written resignation letter to the Personnel Officer, no later than four (4) weeks prior to the intended retirement or resignation date. Failure to provide this notice may result in the City delaying payment of the vacation and/or sick leave conversion for up to thirty (30) days following the effective retirement or resignation date.

Additionally, no payout of accrued leave will be authorized without official confirmation from the Ohio Public Employees Retirement System (OPERS) verifying the employee’s retirement eligibility or documentation that the employee has formally notified OPERS of their intended retirement date.

Section 12.5 – Disability Retirement. Any employee of the City who desires to apply for disability retirement through the Ohio Public Employees Retirement System, the Ohio Police and Fire Pension Fund, or any other retirement system which may be mandated by the state or federal government, may be required to submit to an examination by a physician advising the City.