Ohio Revised Code Search

...ry action by an employer for absence from the member's regular employment for service to the board. Members of the board shall serve without compensation from the retirement system, but an employer shall be reimbursed from the expense fund for any compensation paid to an employee member of the board or a retirant member employed by a public employer in accordance with section 3309.341 of the Revised Code for ...

...ployees retirement board shall elect, from its membership, a chairperson, and shall employ an executive director who shall serve as secretary.

...m increase, in such amounts and at such times as are fixed by the governor, which additional bonds shall be conditioned, filed, and obtained as is provided for the original bond of the treasurer of state covering the funds of the system. The premium on all bonds shall be paid by the board. The treasurer of state shall deposit any portion of the funds of the system not needed for immediate use in the same manner as...

...The attorney general shall be the legal adviser of the school employees retirement board.

...ion of securities in the department of commerce. The compensation of all persons engaged by the board and all other expenses of the board necessary for the proper operation of the system shall be paid at such rates and in such amounts as the board approves. Every expense voucher of an employee, officer, or board member of the school employees retirement system shall itemize all purchases and expenditures. The board...

..., 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 3309.157 and 3309.159 of the Revised Code and shall also give equal consideration to minority owned and controlled firms, firms owne...

...ake no investments through, 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, a board member of, or an officer of the system, or in which a person who within the preceding three years was employed by, a board member of, or an officer of the system holds ...

... 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 3309. of the Revised Code. (C) A fiduciary shall not: (1) Deal with the assets of the system in his own interest or for his own account; ...

...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 school employees retirement board. (4) "Ohio-qualified investment manager" means an investment manager designated as such by the school employees retir...

...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...

... district of the state shall be in the denomination required by the school employees retirement 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 be consolidated and issued as one bond, the principal amount of which shall be equal to the aggregate amount of all the bonds of said series, which principal togethe...

...required by the school employees retirement board. 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.

...lly to the various funds, except the expense fund.

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

...tality and service tables, and for the compilation of such other information as is required for the actuarial valuation of the assets and liabilities of the various funds created by section 3309.60 of the Revised Code. Upon the basis of the mortality and service experience of the members, retirants, and beneficiaries of the school employees retirement system, or SERS retirants and other system retirants as defined in...

...ch the valuation was made. (B) At such times as the school employees retirement 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, retirants, and beneficiaries of the retirement system, and SERS retirants and other system retirants as d...

...nd 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 the board that indicates...

...e Revised Code that is available at the time the study is conducted. (D) For any study conducted after the initial study required under this section, the actuary shall determine the percentage described in division (B) of this section as follows: (1) The actuary shall calculate a percentage necessary to amortize over a thirty-year period the amount resulting from m ultiplying the compensation ratio by the differe...

...ecord. (B) All medical reports and recommendations required by the system are privileged except as follows: (1) Copies of medical reports or recommendations shall be made available to the following: (a) The individual concerned, on written request; (b) The personal physician, certified nurse-midwife, clinical nurse specialist, certified nurse practitioner, attorney, or authorized agent of the individual conce...

...1) A student who is not a member at the time of employment and who is employed by the school, college, or university in which the student is enrolled and regularly attending classes; (2) An emergency employee serving on a temporary basis in case of fire, snow, earthquake, flood, or other similar emergency; (3) An individual employed in a program established pursuant to the "Workforce Innovation and Opportunity Act,...

...ool employees retirement system at such time within three months after the filing of such petition and the compliance with sections 3309.63 to 3309.65, inclusive, of the Revised Code, relative to the dissolution and discontinuance of such local district pension system as the board designates.

...09.55 of the Revised Code of the employment of a new employee, the school employees retirement system shall inform the employee of the requirements of section 3309.251 of the Revised Code.

...r of the following applies: (1) At the time employment begins, the individual is already a member or contributor participating in the plan described in sections 3309.18 to 3309.70 of the Revised Code or an SERS retirant, as defined in section 3309.341 of the Revised Code. (2) An election to participate in an alternative retirement plan under section 3305.05 or 3305.051 of the Revised Code is in effect for employmen...

... an election is not made, a member to whom this section applies is deemed to have elected to continue participating in the plan described in sections 3309.18 to 3309.70 of the Revised Code. (B) An election under this section shall be made in writing on a form provided by the system and filed with the system. (C) On receipt of an election under this section, the system shall do both of the following: (1) Credit to ...