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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 3307.692 | Annual single lifetime benefit based on 30 or more years service.

Ohio Revised Code
/
Title 33 Education-Libraries
/
Chapter 3307 State Teachers Retirement System
 
Effective:
July 13, 2000
Latest Legislation:
Senate Bill 190 - 123rd General Assembly
PDF:
Download Authenticated PDF
 

A retirant who on August 6, 1997, is eligible to receive an annual single lifetime benefit under former section 3307.38, 3307.41, or 3307.50 of the Revised Code of less than nine thousand six hundred dollars or its actuarial equivalent shall have that benefit increased to nine thousand six hundred dollars or its actuarial equivalent if the benefit is based on an award arising from thirty or more years of Ohio service credit. The benefit increase provided by this section shall take effect on the first day of the first month following August 6, 1997, and shall not be subject to any final average salary limitation.

Available Versions of this Section