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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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Second chance Trust Fund
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Section 742.516 | Firefighter's election to transfer to public employees retirement system.

...fund on a form provided by the board of trustees of the fund and shall be irrevocable. (B) When a member makes the election described in this section, the fund shall notify the system. The fund shall transfer all of the member's service credit to the system and shall certify to the system a copy of the member's records of service and contributions. The fund shall transfer to the system all of the following: (1) Any...

Section 742.52 | Purchasing military service credit.

...t at a rate established by the board of trustees of the Ohio police and fire pension fund from the date active military service terminated to date of payment. For the purpose of this section, the board may define full-time service in Ohio covered by any state or municipal retirement system of this state. (E) A member is ineligible to purchase service credit under this section for any year of military service that w...

Section 742.521 | Credit for military service.

...eriod of military service. The board of trustees may adopt rules setting the manner in which the employer contribution is calculated and paid.

Section 742.53 | Long term care insurance.

...ees of the Ohio police and fire pension fund may establish a program under which members of the fund, employers on behalf of members, and persons receiving service or disability pensions or survivor benefits are permitted to participate in contracts for long-term care insurance. Participation may include dependents and family members. If a participant in a contract for long-term care insurance leaves employment, the ...

Section 742.54 | Volunteer firemen's relief and pension fund operation and maintenance.

... volunteer firemen's relief and pension fund, and levy a tax of up to three-tenths of one mill upon all the real and personal property listed for taxation in the municipal corporation for the purpose of providing funds for the payment of benefits and pensions from the municipal corporation's volunteer firemen's relief and pension fund, provided such a tax was levied prior to January 1, 1967.

Section 742.55 | Itemization of purchases and expenditures.

...ber of the Ohio police and fire pension fund shall itemize all purchases and expenditures included.

Section 742.56 | Payroll deduction plan for payments for service credits.

...ees of the Ohio police and fire pension fund may by rule establish a payroll deduction plan for payment of the following: (1) The cost of service credit members of the fund are eligible to purchase under this chapter; (2) Charges for participation in programs established under section 742.53 of the Revised Code; (3) Deposits under section 742.451 of the Revised Code and any charges for participation in the program...

Section 742.57 | Payments by vouchers from state treasury.

...s due the Ohio police and fire pension fund from the state treasury pursuant to this chapter shall be promptly paid upon warrant of the director of budget and management pursuant to a voucher approved by the director.

Section 742.58 | Lump sum death benefit payment.

...ber of the Ohio police and fire pension fund who at the time of death is receiving a retirement pension or disability benefits, a lump-sum payment of one thousand dollars shall be paid to the member's surviving spouse or, if there is no surviving spouse, to the beneficiary the member designated on a form provided by the fund. If there is no surviving spouse or designated beneficiary, the payment shall be made to the ...

Section 742.59 | Creation of funds - trustees.

...ees of the Ohio police and fire pension fund shall be the trustee of the funds created as follows: (A) The "police officers' contribution fund" is the fund in which shall be credited the contributions deducted from the salaries of members of police departments and paid into the Ohio police and fire pension fund, as provided by section 742.31 of the Revised Code, and that percentage of the employers' accrued liabilit...

Section 742.60 | Funds to be separate and distinct legal entities.

...de to the police officers' contribution fund, the firefighters' contribution fund, the police officer employers' contribution fund, the firefighter employers' contribution fund, the police officers' pension reserve fund, the firefighters' pension reserve fund, the guarantee fund, or the expense fund, such reference shall be construed to have been made to each as a separate legal entity. This section does not prevent ...

Section 742.61 | Treasurer of state is custodian of police and fire pension fund.

... control and management of the board of trustees of the Ohio police and fire pension fund, and all disbursements of such funds shall be paid by the treasurer of state only upon instruments duly authorized by the board and bearing the signatures of the chairperson and secretary of the board. The signatures of the chairperson and secretary may be facsimile signatures. The treasurer of state shall give a separate and a...

Section 742.62 | Ohio public safety officers death benefit fund.

...om gifts made to the fund. The board of trustees of the Ohio police and fire pension fund shall be the trustees of the Ohio public safety officers death benefit fund. The board shall have the same powers as provided in section 742.10 of the Revised Code in administering the Ohio public safety officers death benefit fund.

Section 742.63 | Adoption of rules for management of fund and disbursement of benefits.

...ees of the Ohio police and fire pension fund shall adopt rules for the management of the Ohio public safety officers death benefit fund and for disbursements of benefits as set forth in this section. (A) As used in this section: (1) "Member" means all of the following: (a) A member of the Ohio police and fire pension fund, including a member of the fund who has elected to participate in the deferred retirement ...

Section 742.64 | Recovering erroneous payments.

...nt by the Ohio police and fire pension fund to which the person is not entitled, the person shall repay the fund. If the person fails to repay, the fund shall withhold the amount due from any benefit or payment due the person or the person's beneficiary under this chapter or may collect the amount in any other manner provided by law.

Section 742.99 | Penalty.

...paid into the Ohio elections commission fund created under section 3513.10 of the Revised Code.

Section 746.01 | Ferguson Act of 1869; definitions.

..., as determined by the railway board of trustees. "Railway board of trustees" means a board of trustees established by a municipal corporation pursuant to H.B. 69 of the 112th general assembly as successor to a board of trustees that was established by the Ferguson Act of 1869.

Section 746.02 | Sale of railway; submission to electors.

...s received to be deposited into a trust fund operated by _______ (railway board of trustees), with _______ (municipal corporation) as the sole beneficiary, the moneys to be annually disbursed to the municipal corporation in an amount no less than _____ (dollar amount) per year, for the purpose of the rehabilitation, modernization, or replacement of existing streets, bridges, municipal buildings, parks and green space...

Section 746.03 | Railway proceeds trust fund.

...hall establish a railway proceeds trust fund for the purpose of receiving the net proceeds of the sale. The municipal corporation that owned the railway or portion of the railway before the sale shall be the sole beneficiary of the trust fund. Any funds in the trust fund shall not be considered part of the unencumbered balance or revenue of the subdivision under section 5705.35 or 5705.36 of the Revised Code. (B) T...

Section 746.04 | Trust fund investment criteria; board obligations.

...rd of trustees that establishes a trust fund under section 746.03 of the Revised Code may invest and reinvest the moneys and assets held in the trust fund, subject to this chapter. The railway board of trustees shall invest and reinvest under the prudent investor standard of care, as described in section 5809.02 of the Revised Code. (B) The railway board of trustees shall retain at least one independent financial a...

Section 746.05 | Fund disbursement to municipal corporation.

...principal amount remaining in the trust fund, and the amount of funds that the railway board of trustees will disburse to the municipal corporation over the course of the municipal corporation's immediately following fiscal year. During the municipal corporation's immediately following fiscal year, and with such frequency and in such installments as may be determined by the railway board of trustees after consultatio...

Section 746.06 | Use of funds by municipal corporation.

...hall deposit the moneys received into a fund designated by the fiscal officer of the municipal corporation. The municipal corporation shall spend the funds received solely on the rehabilitation, modernization, or replacement of existing infrastructure improvements. The municipal corporation shall not use the funds received for payment of debt service or for the construction of new infrastructure improvements.

Section 746.07 | Earnings and income from lease of railway.

...e railway, to the credit of the sinking fund or bond retirement fund.