Ohio Revised Code Search
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Section 742.3714 | Designating contingent dependent beneficiary.
... or former member retired effective the day following the date of death having selected an option 2 plan under division (A)(2) of section 742.3711 of the Revised Code providing for one-half of the member's or former member's lesser retirement allowance to be paid to the surviving spouse or contingent dependent beneficiary. The allowance paid under this section to the surviving spouse or contingent dependent benefici... |
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Section 742.3715 | Election of retiree to change to optional plan.
... as follows: (1) Not later than ninety days after September 26, 1984, the member shall file with the fund a notice that the member wishes to be eligible to make the election authorized by this section. The fund shall advise the member with respect to the choices available under the optional plans and have a determination made of the monthly benefits payable under the optional plan elected by the member for inclusion... |
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Section 742.3716 | Annual increases in pension or benefits.
...month period that ends on the thirtieth day of September of the immediately preceding year, rounded to the nearest one-tenth of one per cent. In no event shall the pension or benefit exceed the limit established by section 415 of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 415, as amended. The date of the first increase paid under this division shall be the anniversary date for future incr... |
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Section 742.3717 | Annual cost of living increase.
...(A)(1) Except as provided in division (A)(2) of this section, as used in this section, "eligible person" means a person who meets both of the following conditions: (a) The person is receiving an annual pension or benefit under division (A), (B), or (C) of section 742.37 or division (C)(2), (3), (4), or (5) of former section 742.37 of the Revised Code based on an award made prior to July 24, 1986. (b) The person has... |
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Section 742.3718 | Minimum pension or benefit.
...lowing March 17, 2000, and ending June 30, 2000, to five hundred fifty dollars; (b) For the period beginning July 1, 2000, and the first day of July of each year thereafter and continuing for the following twelve months, to an amount equal to the greater of five hundred fifty dollars or the monthly amount paid during the prior twelve-month period plus sixteen dollars and fifty cents. (2) An increase under divisi... |
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Section 742.3719 | Increase in benefit or allowance when IRC 415 limits increased.
...Whenever the limits established by section 415 of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 415, as amended, are raised, the board of trustees of the Ohio police and fire pension fund shall increase the amount of the pension, benefit, or allowance of any person whose pension, benefit, or allowance payable under section 742.37, 742.3716, 742.3717, or 742.39 of the Revised Code was limited by the... |
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Section 742.3721 | Qualified governmental excess benefit arrangement maintained and established.
...The board of trustees of the Ohio police and fire pension fund may establish and maintain a qualified governmental excess benefit arrangement that meets the requirements of division (m) of section 415 of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 415, as amended, and any regulations adopted thereunder. If established, the arrangement shall be a separate portion of the fund and be maintained sole... |
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Section 742.38 | Minimum medical testing and diagnostic standards or procedures to be incorporated into physical examinations for prospective members.
...t is permitted under Chapter 4723. or 4730. of the Revised Code, respectively, and does not exceed the advanced practice registered nurse's or physician assistant's training. (F) Notwithstanding the requirement of section 742.41 of the Revised Code that all medical reports and recommendations required are privileged, the board shall submit to the administrator of workers' compensation any data necessary for the rep... |
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Section 742.381 | Annual report disability retirement experience of each employer.
...ater than March 1, 2000, and each first day of March thereafter, the board of trustees of the Ohio police and fire pension fund shall make and submit a report for the preceding fiscal year of the disability retirement experience of each employer. The report shall specify the total number of disability applications submitted, the status of each application as of the last day of the fiscal year, total applications gran... |
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Section 742.39 | Eligibility for disability benefit.
...(A) A member of the Ohio police and fire pension fund determined to be eligible for a disability benefit under division (D)(1) of section 742.38 of the Revised Code shall be paid annual disability benefits, payable in twelve monthly installments, in an amount equal to seventy-two per cent of the member's average annual salary. If, as of July 2, 2013, the member had fifteen or more years of service credit, the a... |
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Section 742.40 | Disability benefit recipient to agree to obtain recommended medical treatment.
...all be terminated the earlier of ninety days after the date of the board's concurrence or on the date the recipient returns to employment as a police officer or firefighter, except that if the recipient was receiving a benefit pursuant to division (D)(1) of section 742.38 of the Revised Code or division (C)(2) of former section 742.37 of the Revised Code, the board shall reevaluate the recipient's disability under di... |
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Section 742.41 | Annual statement of funds.
...arge for the list. (4) Within fourteen days after receiving from the director of job and family services a list of the names and social security numbers of recipients of public assistance pursuant to section 5101.181 of the Revised Code, the fund shall inform the auditor of state of the name, current or most recent employer address, and social security number of each member or other system retirant whose name ... |
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Section 742.42 | Maintenance of individual account.
...The board of trustees of the Ohio police and fire pension fund shall provide for the maintenance of an individual account with each member of the fund and other system retirant showing the amount of the member's or retirant's contributions. |
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Section 742.43 | Deferred retirement option plan established.
...The board of trustees of the Ohio police and fire pension fund shall establish and administer a deferred retirement option plan. In establishing and administering the plan, the board shall comply with sections 742.44 to 742.446 of the Revised Code and may do all things necessary to meet the requirements of section 401(a) of the "Internal Revenue Code of 1986," as amended, applicable to governmental plans. The board ... |
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Section 742.44 | Electing to participate in deferred retirement option plan.
...n made under this section is the first day of the employer's first payroll period immediately following the board's receipt of the notice of election. |
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Section 742.441 | Effect of electing to participate in deferred retirement option plan.
...A member who makes an election under section 742.44 of the Revised Code shall continue in the active service of a police or fire department but shall not earn service credit under this chapter for employment after the election's effective date. While the member is in the active service of a police or fire department, the member shall contribute to the Ohio police and fire pension fund in accordance with section 742.3... |
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Section 742.442 | Determining pension amount if electing to participate in deferred retirement option plan.
...d average annual salary as of the last day of the employer's payroll period immediately prior to the effective date of the member's election to participate in the plan. The pension amount shall be calculated as a retirement allowance payable for the member's life, except that, if at the time of electing to participate in the plan the member selected the plan of payment in option 2 of division (A) of section 74... |
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Section 742.443 | Accrual of monthly pension amount, cost-of-living increases and member contributions if electing to participate in deferred retirement option plan.
...uring the period beginning on the first day of the first payroll period after the election's effective date and ending on the earlier of the date that is two years thereafter or the date the member ceases participation in the plan, fifty per cent of the member's contributions for that period; (b) During the period beginning on the date that is two years and one day after accruals begin under this division and e... |
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Section 742.444 | Termination of participation in deferred retirement option plan.
...lice or fire department; (2) The last day of the eight-year period that begins on the effective date of the member's election to participate in the plan; (3) Acceptance by the member of a disability benefit awarded by the board of trustees of the Ohio police and fire pension fund, unless the acceptance is revoked by the member in accordance with rules adopted by the board; (4) The member's death. (B) If a m... |
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Section 742.445 | Termination of participation in deferred retirement option plan because of acceptance of disability benefit.
...If a member ceases participation in the deferred retirement option plan due to acceptance by the member of a disability benefit awarded by the board of trustees of the Ohio police and fire pension fund, both of the following apply: (A) The member shall forfeit all amounts that have accrued under section 742.443 of the Revised Code to the member's benefit under the deferred retirement option plan, and those amounts s... |
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Section 742.446 | Death benefit if electing to participate in deferred retirement option plan.
... this section is effective on the first day of the month after the member's date of death. Payments shall not commence until the board receives any documentation it requires pursuant to rules adopted by the board. |
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Section 742.447 | Verifying termination of active service.
...On receipt of written notice under division (B) of section 742.444 of the Revised Code of a member's termination of active service, the Ohio police and fire pension fund shall request from the employer verification of the member's termination date and any other information the fund determines necessary to calculate and pay a pension under that division. The verification of termination shall be filed in accordance wit... |
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Section 742.45 | Deduction from benefit payment for group health insurance.
... Security Amendments of 1965," 79 Stat. 301 (1965), 42 U.S.C.A. 1395j, as amended, an amount specified by the board or determined pursuant to a formula established by the board that is not less than ninety-six dollars and forty cents, for such coverage, except that the board shall not pay an amount that exceeds the amount paid by the recipient for the coverage. The board shall pay not more than one monthly prem... |
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Section 742.451 | Additional deposits to fund medical expenses.
...The board of trustees of the Ohio police and fire pension fund may establish a program under which a member or a member's employer is permitted to make additional deposits for the purpose of providing funds for the payment of health, medical, hospital, surgical, dental, or vision care expenses, including insurance premiums, deductible amounts, or copayments. The program may be a voluntary employees' beneficiary assoc... |
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Section 742.46 | Vested right to pension or benefit.
...Except as provided in section 742.464 of the Revised Code, the granting of a benefit or pension to any person under sections 742.01 to 742.61 of the Revised Code, other than a person participating in the deferred retirement option plan established under section 742.43 of the Revised Code, vests a right in such person to obtain and receive the amount of such benefit or pension granted to the person subject to se... |