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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.

Ohio Revised Code Search

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Ohio public employee retirement system
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Section 5505.062 | Travel expense policies - bonus policy - budget.

...board will improve the dissemination of public information pertaining to the board.

Section 5505.063 | Ethics policy - commission approval - ethics training.

...hics policy to govern board members and employees in the performance of their official duties. The board shall submit this policy to the commission for approval. The commission shall review the policy and, if the commission determines that the policy is adequate, approve the policy. If the commission determines that the policy is inadequate, it shall specify the revisions to be made and the board shall submit a revi...

Section 5505.064 | Orientation program required for new members - continuing education.

...cted member of the state highway patrol retirement board and each individual appointed to fill a vacancy on the board, shall, not later than ninety days after commencing service as a board member, complete the orientation program component of the retirement board member education program established under section 171.50 of the Revised Code. Each member of the board who has served a year or longer as a board member s...

Section 5505.065 | Chief investment officer - supervision duties - monitoring of securities transactions.

...ement system from misusing material, nonpublic information in violation of those laws, rules, and regulations. For purposes of this division, no chief investment officer shall be considered to have failed to satisfy the officer's duty of reasonable supervision if the officer has done all of the following: (1) Adopted and implemented written procedures, and a system for applying the procedures, that would reasonably...

Section 5505.068 | Designation of Ohio-qualified agents - selection policy - utilization - annual report.

...ransactions on behalf of the retirement system. The policy shall address each of the following: (1) Commissions charged by the agent, both in the aggregate and on a per share basis; (2) The execution speed and trade settlement capabilities of the agent; (3) The responsiveness, reliability, and integrity of the agent; (4) The nature and value of research provided by the agent; (5) Any special capabilities of...

Section 5505.069 | Annual disclosures to Ohio Ethics Commission.

...ystem by an agent; (2) The name of any employee of the system with authority over the investment of retirement system funds or any board member of the system who deals with an agent regarding amounts described in division (A)(1) of this section. (B) The disclosures required by this section shall be made annually in a report submitted by a date prescribed by the Ohio ethics commission.

Section 5505.0610 | Designation of Ohio-qualified investment managers - utilization - annual report.

...b) A process whereby the board can give public notice to Ohio-qualified investment managers of the board's search for an investment manager that includes the board's search criteria. (2) The board shall determine whether an investment manager is an Ohio-qualified investment manager and whether the investment manager offers quality, services, and safety comparable to other investment managers otherwise available to t...

Section 5505.07 | Secretary, actuary, and employees - compensation and expenses.

... of the state highway patrol retirement system. Effective ninety days after the effective date of this amendment, the board may not employ a state retirement system investment officer, as defined in section 1707.01 of the Revised Code, who does not hold a valid state retirement system investment officer license issued by the division of securities in the department of commerce. The compensation of all persons eng...

Section 5505.08 | No participation by trustees.

...d. The state highway patrol retirement system shall make no investments through, purchases from, or otherwise do any business with any individual who is, or any person who within the preceding three years was employed by, a board member of, or an officer of the system, partnership, association, or corporation that is owned or controlled by, a person, who within the preceding three years was employed by, a board memb...

Section 5505.09 | Bonds of taxing districts may be offered to board.

...d interest, to the state highway patrol retirement board, prior to advertising the same for sale, all such issues as may not have been taken by the trustees of the sinking fund of the taxing district issuing such evidences of indebtedness. The board shall, within ten days after the receipt of such written offer, either: (A) Accept the same and purchase such evidences of indebtedness, or any portion thereof, at a fai...

Section 5505.10 | Deposit and security.

... of the state highway patrol retirement system, on deposit in any bank in this state, organized under the laws of this state or of the United States, or with any trust company incorporated under the laws of this state. Such bank or trust company shall furnish adequate security for said deposit and the sum so deposited in any one bank or trust company shall not exceed twenty-five per cent of the paid-up capital and su...

Section 5505.11 | Treasurer of state is treasurer of state highway patrol retirement system.

...credit in his individual account in the employees savings fund, upon his written request filed with the board; provided, that the board shall not be required to answer more than one such request of a member in any one year.

Section 5505.111 | Selection of internal auditor.

...hall annually prepare and submit to the Ohio retirement study council a report of its actions during the preceding year.

Section 5505.112 | Actions against highway patrol retirement system, the board, its officers, employees, or board members; venue.

...e appropriate court in Franklin county, Ohio.

Section 5505.12 | Actuarial valuation of pension assets, liabilities, and funding requirements of state highway patrol retirement system.

...he board shall submit the report to the Ohio retirement study council, the director of budget and management, and the standing committees of the house of representatives and the senate with primary responsibility for retirement legislation immediately upon its availability and not later than the first day of September following the year for which the valuation was made. (B) At such times as the state highway patrol ...

Section 5505.121 | Amortizing state highway patrol retirement system's unfunded actuarial accrued pension liabilities.

...uation, shall prepare and submit to the Ohio retirement study commission and the standing committees of the house of representatives and the senate with primary responsibility for retirement legislation a report that includes the following information: (A) The number of years needed to amortize the unfunded actuarial accrued pension liability as determined by the annual actuarial valuation; (B) A plan approved by t...

Section 5505.122 | Format for report to retirement study council.

...If the Ohio retirement study council establishes a uniform format for any report the state highway patrol retirement board is required to submit to the council, the board shall submit the report in that format.

Section 5505.14 | Certificate of prior service.

...prior service as a state highway patrol employee.

Section 5505.15 | Employer contribution.

...ll be deducted by the employer from the employee's salary for each payroll period. (B) The state shall annually pay into the employer accumulation fund, in monthly or less frequent installments as the state highway patrol retirement board requires, the employer contribution. The employer contribution shall be an amount equal to twenty-six and one-half per cent of the total salaries paid contributing members. If a me...

Section 5505.151 | Contributions for time off while on disability leave.

... leave program, shall make the periodic employee and employer contributions, in the amounts set pursuant to section 5505.15 of the Revised Code, for members granted disability leave, based on the employee's rate of pay in effect at the time disability leave was granted.

Section 5505.152 | Annual review of adequacy of contributions rates.

...of the state highway patrol retirement system for the forthcoming year. The actuarial calculations used by the actuary shall be based on the entry age normal actuarial cost method, and the adequacy of the contribution rates shall be reported on the basis of that method. The Ohio retirement study council shall make recommendations to the general assembly that it finds necessary for the proper financing of the b...

Section 5505.16 | Application for retirement.

...nt system to the member's credit in the employees' savings fund an amount equal to the total contributions the member would have paid had state highway patrol employment not been so interrupted. Such payment may be made at any time prior to receipt of a pension. (3) If the member meets the requirements of division (D)(2) of this section, on receipt of contributions from the member, the state highway patrol shall be...

Section 5505.162 | Election of type of pension.

... of the state highway patrol retirement system may elect, on a form provided by the state highway patrol retirement board, to receive the pension that the member is eligible to receive on retirement under that section in one of the following forms: (1) A single lifetime pension; (2) The actuarial equivalent of the single lifetime pension that the member may elect under division (A)(1) of this section in a lesser an...

Section 5505.163 | Election by retirant prior to 9-21-94.

... by the state highway patrol retirement system to be the actuarial equivalent of the retirant's pension, and the state highway patrol retirement board approves the amount. (B) A retirant interested in making the election authorized by division (A) of this section shall file a notice of interest with the board not later than sixty days after June 30, 2000. The board shall advise the retirant with respect to the cho...

Section 5505.17 | Pension and benefits upon retirement.

...s for which a pension is payable by the public employees retirement system.