Ohio Revised Code Search

...501(c)(9) of the Internal Revenue Code, 26 U.S.C. 501(c)(9), as amended; an account described in section 401(h) of the Internal Revenue Code, 26 U.S.C. 401(h), as amended; a medical savings account; or a similar type of program under which an individual may accumulate funds for the purpose of paying such expenses. To implement the program, the public employees retirement board may enter into agreements with insurance...

... to receive hospital insurance benefits under the federal old age, survivors, and disability insurance program without payment of premiums, one of the following: (1) Hospital insurance coverage substantially equivalent to the federal hospital insurance benefits, Social Security Amendments of 1965, 79 Stat. 291, 42 U.S.C.A. 1395c, as amended; (2) An amount, determined by the board, to reimburse the retirant or disab...

...aving a reserve equal to the amount deposited or a refund under section 145.63 of the Revised Code of the amount deposited, together with earnings on the amount deposited as the public employees retirement board determines appropriate. If the annuity under the plan of payment selected by the contributor under section 145.64 of the Revised Code would be less than fifty dollars per month, the contributor shall receive ...

...36 of the Revised Code who is not eligible for an age and service retirement allowance, on the effective date of disability retirement. (B) The consent of a spouse to a refund is valid only if it is in writing, signed, and witnessed by a notary public. The board may waive the requirement of consent if the spouse is incapacitated or cannot be located or for any other reason specified by the board. Consent or waiver ...

...ber's applicable minimum age or service credit eligibility as provided in section 145.32 or 145.332 of the Revised Code; (c) The first day of the month following receipt of an application for an age and service retirement benefit. (2) The later of the effective date of a benefit under section 145.384 of the Revised Code or the first day of the month following the latest of: (a) The last day for which compensation ...

...ystem, signed by the contributor, and filed with the system prior to the contributor's death. A contributor may designate two or more persons as beneficiaries. Subject to rules adopted by the public employees retirement board, a contributor who designates two or more persons as beneficiaries under this division shall specify the percentage of the deposits that each beneficiary is to be paid. If the contributor has no...

...arnable salaries to be paid from state funds for positions covered by the public employees retirement system, will produce the amount necessary to pay the state's obligation as employer. Any appropriations for salaries to be paid to contributors covered by this system must be increased by the employer's contributions rate when salary appropriations are made.

...amounts due the public employees retirement system 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.

...mployees retirement board shall adopt rules to implement each PERS defined contribution plan.

...er and under which benefits are based solely on the amounts that have accumulated in the account. The plans may include options under which a member participating in a plan may receive definitely determinable benefits. Each plan established under this section shall meet the requirements of sections 145.81 to 145.98 of the Revised Code and any rules adopted in accordance with section 145.80 of the Revised Code. It ma...

...26 U.S.C.A. 401(a), as amended, applicable to governmental plans.

... Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 3121(b)(7)(F), as amended. Each participant in a plan shall qualify as a member of that system.

...S defined contribution plan may be deposited into any of the funds created under section 145.23 of the Revised Code or may be transferred to the entity administering the plan for the purpose of making distributions from the member's individual account.

... the effective date of the election deposited and credited in accordance with the member's new plan if the member, by the election, will begin participating in the PERS defined benefit plan or a PERS defined contribution plan with definitely determinable benefits. The amount on deposit is the amount the member would be entitled to receive as a refund from the prior plan if the member ceased to be a public emplo...

...care benefit; (3) Additional increases under section 145.323 of the Revised Code; (4) A refund of contributions made by or on behalf of a member. With respect to the benefits described in division (C)(1) of this section, the public employees retirement board may establish eligibility requirements and benefit formulas or amounts that differ from those of members participating in the PERS defined benefit plan. With ...

..., including insurance premiums, deductible amounts, or copayments as described in that section. If a PERS defined contribution plan includes a program described in this section, the public employees retirement board shall adopt rules to specify the length of time during which the member will vest in amounts accumulated on the member's behalf and may provide for a minimum annual distribution from the accumulat...

... Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 415, as amended.

...ised Code, less the percentage required under section 145.87 of the Revised Code.

... the public employees retirement board elects to make a transfer under this section, the portion transferred shall not exceed the percentage of earnable salary of members for whom the contributions are being made that is determined by an actuary appointed by the board to be necessary to mitigate any negative financial impact on the system of members' participation in a plan. The board may have prepared, at in...

...authorizing the public employees retirement system to do either of the following: (A) Withhold from the amounts contributed under sections 145.85 and 145.86 of the Revised Code a percentage of earnable salary or a fixed dollar amount that is determined by an actuary appointed by the public employees retirement board to be necessary to administer the plan; (B) Withhold from the amounts contributed under section 145....

...l be governed exclusively by the plan selected by the member.

...efits under the plan are to commence, unless the spouse consents to another plan of payment or the spouse's consent is waived, the member's benefit under the plan shall be paid in a lesser amount payable for life and one-half of that amount continuing after death to the surviving spouse for the life of the spouse. Consent is valid only if it is evidenced by a written document signed by the spouse and the signature i...

...e member's contributions is nonforfeitable. A member's right to any payment or benefit that is based on contributions by the member's employer is nonforfeitable as specified by the plan selected by the member. (B) This section does not apply to an increase made under section 145.323 of the Revised Code for a recipient whose benefit effective date is on or after January 7, 2013.

... Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 1, as amended.

...ny other reason specified by the plan selected by the member.