Ohio Revised Code Search

...rtality and service tables and for the compilation of such other information as is required for the actuarial evaluations provided for by section 742.14 of the Revised Code.

...rement study council 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 actuarial valuation; (B) A plan approved by the board that indicates how the board will reduce t...

...ember 1, 2017, and following each quinquennial actuarial investigation thereafter, if, in consultation with its actuary, the Ohio police and fire pension fund board of trustees determines that an adjustment to the age and years of service credit required to receive a pension or benefit under division (C) of section 742.37 of the Revised Code is appropriate, the board may, in accordance with rules adopted under ...

... whether an application or election is complete and properly submitted. Its determination is final. If the fund determines that an application or election is incomplete or not properly submitted, it may give the person who submitted the application or election the opportunity to correct any deficiency or may reject the application or election and require that it be resubmitted. The fund shall give written notice of...

...e United States purchased or obtained from the fund, the Cincinnati retirement system, or a non-uniform retirement system. (3) "Non-uniform retirement system" or "non-uniform system" means the public employees retirement system, school employees retirement system, or state teachers retirement system. (B) Unless section 742.212 of the Revised Code applies and except as provided in divisions (G) and (I) of this s...

...stem that rescinds the agreement must promptly notify the other. (D) If either of the conditions described in division (A) of this section is not met, a member of the Ohio police and fire pension fund who meets the requirements of section 742.21 of the Revised Code may purchase credit under division (B) of that section for service in the Cincinnati retirement system.

...edit for service credit earned for full-time service under the Cincinnati retirement system or purchased or obtained as military service credit if both of the following occur: (1) For each year of service, the Cincinnati retirement system transfers to the Ohio police and fire pension fund the sum of the following: (a) The amount, contributed by the member, or, in the case of military service credit, paid by the mem...

...the Cincinnati retirement system at the time the credit was earned; (3) Interest on the amounts specified in divisions (B)(1) and (2) of this section for the period from the last day of the year for which the service credit was earned or in which payment was made for military service credit to the date the transfer was made. (C) If the person has received a refund of accumulated contributions to the fund, the fund ...

...sed Code prior to the date a member commenced the employment covered by the Ohio police and fire pension fund for which the member is currently contributing to the fund. (B) A member of the Ohio police and fire pension fund who is in the active service of a police or fire department, has contributions on deposit with, but is no longer contributing to, a non-uniform retirement system, and is not a participant in the ...

...d Code, be given service credit for the time the member was receiving such disability benefits. On restoration to active duty as a member of a police or fire department, the member shall make contributions to the fund in accordance with section 742.31 of the Revised Code, and the member's disability benefits shall be terminated on the first day following restoration to active duty. In determining the amount of the m...

... Revised Code, be given full credit for time for which contributions were not made during such leave of absence if all of the following conditions are met: (A) The leave was approved by the member's employing authority. (B) During the period of the leave the member was not entitled to receive disability benefits from the fund. (C) The member pays into the fund an amount equal to the employee contributions that wou...

... Revised Code, be given full credit for time served in such fire department, provided the member has paid into the Ohio police and fire pension fund a sum equal to that which the member would have been required to pay, under former section 741.12 and section 742.31 of the Revised Code, as a member of such fire department during the years for which service credit is claimed had the member been contributing a percentag...

...ised Code, be given full credit for the time served in such police department, provided the member has paid into the Ohio police and fire pension fund a sum equal to that which the member would have been required to pay, under former section 741.43 and section 742.31 of the Revised Code, as a member of such police department during the years for which service credit is claimed had the member been contributing a perce...

...computing years of service, shall be given credit for the service credit to which the member was entitled in a firemen's relief and pension fund, established pursuant to former section 521.02 or 741.02 of the Revised Code, or a police relief and pension fund, established pursuant to former section 741.32 of the Revised Code, on the date that the assets of the particular fund were transferred to the Ohio police and fi...

...de, shall be given full credit for full-time out-of-state or federal service, other than military service, purchased under this section. A member may purchase credit for such service if all of the following conditions are met: (1) The service was rendered as an employee of an entity of state or local government, or of an entity of the United States government; (2) The member is eligible to retire under this chapter...

... present value of which is equal to two times the sum of all amounts deducted from the salary of the OPFPF retirant or other system retirant and credited to the retirant's individual account in the fund, other than contributions excluded pursuant to division (D) of this section, together with interest credited thereon at the rate determined by the board. (a) Unless, as described in division (I) of this section, the ...

... Revised Code, be given full credit for time for which contributions were not made during the period the member was laid off, if all of the following conditions are met: (1) During the time the member was laid off, the member was not entitled to receive disability benefits from the fund. (2) During the time the member was laid off, the member did not render any service that is used in the calculation of any public ...

...ty for such payment arises, until such time as the employer's accrued liability on account of pensioners and other benefit recipients on the rolls of the particular police relief and pension fund or firemen's relief and pension fund is satisfied. Thereafter, payments shall be credited to the police officers' contribution fund or the firefighters' contribution fund, in accordance with the relief and pension fun...

... trustees of the Ohio police and fire pension fund. Upon certification by the board that payment of an employer's accrued liability has not been paid within thirty days following the date a payment is due, a penalty of five per cent of the amount due shall be assessed against such employer. If the payment and penalty have not been paid within ninety days following the date a payment is due, annual interest at ...

...unt shall be deducted by the employer from the employee's salary as defined in division (L) of section 742.01 of the Revised Code for each payroll period, irrespective of whether the minimum compensation provided by law for the employee is reduced thereby. Every employee shall be deemed to consent to the deductions, and payment to the employee less the deductions is a complete discharge and acquittance of all c...

...ised Code and the contribution rates recommended in a report by the actuary of the Ohio police and fire pension fund 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 a...

...31 of the Revised Code and shall be accompanied by payments covering the total of such deductions. The report shall also include the name of each member for whom deductions were made and the portion of the payment attributed to that member. Separate payments shall be so transmitted for that portion of such deductions made from the salaries of members of the police department and for that portion of such deduct...

...olice and fire pension fund requires, from its general fund, or from a levy imposed pursuant to division (J), (W), or (JJ) of section 5705.19 of the Revised Code, to the fund an amount known as the "police officer employers' contribution," which shall be nineteen and one-half per cent of the salaries as defined in division (L) of section 742.01 of the Revised Code of the members of the police department of the employ...

...olice and fire pension fund requires, from its general fund, or from a levy imposed pursuant to division (I), (W), or (JJ) of section 5705.19 of the Revised Code, to the fund an amount known as the "firefighter employers' contribution," which shall be twenty-four per cent of the salaries as defined in division (L) of section 742.01 of the Revised Code of the members of the fire department of the employer. (B) The ...

...ed at a rate determined by the board from the date the payment is due to the date of payment. Upon certification by the board to the county auditor of an amount due from any employer within the county who is subject to this chapter, by reason of such employer's delinquency in making employer contribution payments to the fund, such amount shall be withheld from such employer from any funds in the hands of the ...