Ohio Revised Code Search

...cancies on the board of trustees; (2) Nominating petitions for the elections; (3) Certification of the validity of nominating petitions for the elections; (4) Certification of the results of the elections. (B) The board may contract with the secretary of state or an independent firm to administer the elections, certify the validity of nominating petitions, and certify the results of the elections. The secretary o...

... is guilty of misconduct in office. On complaint and hearing in the manner provided for in this section, the board member shall have judgment of forfeiture of the office with all its emoluments entered against the board member, creating in the office a vacancy to be filled as provided by law. (C) Proceedings for removal of a board member on any of the grounds enumerated in division (B) of this section shall be comme...

...hall be considered as having resigned from the board and the board shall declare the member's office vacated and as of the date of the adoption of a proper resolution a vacancy shall exist. (B) A successor member need not be elected under division (A) of this section to fill a vacancy if on the day the vacancy occurs less than ninety days remain in the vacated term.

...f trustees of the Ohio police and fire pension fund, before entering upon the member's official duties, shall take and subscribe to an oath of affirmation that the member will support the constitution of the United States, the constitution of the state of Ohio, and that the member will honestly, faithfully, and impartially perform the duties of the member's office. Such oath or affirmation shall be filed in the offi...

...ee of disability of a member excluded from public inspection by section 742.41 of the Revised Code. At its first meeting the board shall organize by electing from its membership a chairperson and a vice-chairperson who shall serve for a term of one year. Annually thereafter the board shall elect from its membership a chairperson and a vice-chairperson for a term of one year. A majority of the full membership of the...

...f trustees of the Ohio police and fire pension fund may adopt a policy that allows a board member to attend a meeting of the board by means of video conference. The board shall include in the policy, if adopted, both of the following: (1) The number of regular meetings at which each board member shall be present in person, provided that number is not less than three-quarters of the regular meetings of the board ann...

... fire pension fund shall serve without compensation but shall be reimbursed for their necessary expenses incurred in the performance of their official duties. An employee member of the board shall suffer no loss or penalty whatsoever because of absence from the employee member's regular employment while engaged in official duties as a member of the board. (B) The board may secure insurance coverage designed to inde...

...The attorney general shall be the legal counsel of the board of trustees of the Ohio police and fire pension fund.

...ought against the Ohio police and fire pension fund or the Ohio police and fire pension fund b oard of trustees or its officers, employees, or board members in their official capacities shall be brought in the appropriate court in Franklin county, Ohio.

...be contracted with, employ and fix the compensation of employees, and adopt rules for the proper administration and management of the fund. Effective ninety days after September 15, 2004, the board of trustees 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 divisi...

...the amount which shall be transferred from the guarantee fund to the expense fund.

...) In consultation with the Ohio ethics commission, review any existing policy regarding the travel and payment of travel expenses of members of the board of trustees and employees of the fund and adopt rules in accordance with section 742.10 of the Revised Code establishing a new or revised policy regarding travel and payment of travel expenses. Not less than sixty days before adopting a new or revised policy, the bo...

..., in consultation with the Ohio ethics commission, develop an ethics 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 sp...

...ion of securities of the department of commerce in writing of its designation and of any change in its designation within ten calendar days of the designation or change. (B) The chief investment officer shall reasonably supervise the licensed state retirement system investment officers and other persons employed by the police and fire pension fund with a view toward preventing violations of Chapter 1707. of the Revi...

...fund board of trustees shall appoint a committee to oversee the selection of an internal auditor. The committee shall select one or more persons for employment as an internal auditor. The board shall employ the person or persons selected by the committee. The committee shall consist of the following board members: one retirant member, one employee member, and one other member. The committee shall annually prepare an...

..., risk factors, asset class benchmarks, time horizons, total return objectives, and performance evaluation guidelines. In adopting policies and criteria for the selection of agents with whom the board may contract for the administration of the funds, the board shall comply with sections 742.114 and 742.116 of the Revised Code and shall also give equal consideration to minority owned and controlled firms, firms owned ...

...e no investments through or purchases from, or otherwise do any business with, any individual who is, or any partnership, association, or corporation that is owned or controlled by, a person who within the preceding three years was employed by, an officer of, or a board member of the fund, or in which a person who within the preceding three years was employed by, an officer of, or a board member of the fund, holds a ...

... and conditions of the transaction are comparable to the terms and conditions which might reasonably be expected in a similar transaction between similar parties who are not parties in interest; and (2) The transaction is consistent with the fiduciary duties described in Chapter 742. of the Revised Code. (C) A fiduciary shall not: (1) Deal with the assets of the fund in the fiduciary's own interest or for the fidu...

...member or employee of the said board become an endorser or surety or become in any manner an obligor for money loaned by or borrowed from the board.

...o 1707.50 of the Revised Code or under comparable laws of another state or of the United States. (2) "Minority business enterprise" has the same meaning as in section 122.71 of the Revised Code. (3) "Ohio-qualified agent" means an agent designated as such by the board of trustees of the fund. (4) "Ohio-qualified investment manager" means an investment manager designated as such by the board of trustees of the f...

...close the following to the Ohio ethics commission: (1) Anything of value received by the system from an agent and anything of value given on behalf of the system 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 disclos...

...r offers quality, services, and safety comparable to other investment managers otherwise available to the board. The policy shall also provide for the following: (a) A process whereby the board can develop a list of Ohio-qualified investment managers and their investment products; (b) A process whereby the board can give public notice to Ohio-qualified investment managers of the board's search for an investment man...

...the Ohio police and fire pension fund from any taxing district of the state shall be in the denomination required by the board in its resolution of purchase, or the board may by its resolution require that all bonds of any series of bonds purchased by it from any taxing district of the state be consolidated and issued as one bond, the principal amount of which is equal to the aggregate amount of all the bonds of said...

...f trustees of the Ohio police and fire pension fund. The board shall not change the date of maturity of any part of the principal or interest of any bond issue, nor shall it require a bond of any issue to be of a larger denomination, nor any partial payment of principal to be of greater amount than the aggregate amount of such issue falling due at any date.

...he first day of November. (B) At such times as the board determines, and at least once in each quinquennial period, the board shall have prepared by or under the supervision of an actuary an actuarial investigation of the mortality, service, and other experience of the members of the fund and of other system retirants, as defined in section 742.26 of the Revised Code, who are members of a police department or ...