Ohio Revised Code Search
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Section 3307.811 | Qualification of plan for federal tax purposes.
...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. |
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Section 3307.812 | Tax exemptions and deferrals.
...axes on contributions to the plan or amounts earned under the plan and, to the extent permitted under federal or state law, to allow members participating in the plan to make tax deferred contributions for periods of interrupted or prior service. |
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Section 3307.83 | Member rights governed by plan selected.
...ned by the plan selected by the member under section 3307.25 or 3307.251 of the Revised Code. |
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Section 3307.84 | Transfer of portion of employer contribution to employers' trust fund to mitigate negative financial impact on system.
...tribution plan. The remainder shall be credited as provided in section 3307.28 of the Revised Code. The state teachers retirement board may have prepared, at intervals determined by the board, an actuarial study to determine whether a transfer under this section is necessary to reflect a change in the level of the negative financial impact resulting from participation of members in an STRS defined contributio... |
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Section 3307.86 | Furnishing contributions and information at more frequent intervals.
...contributions and information required under this chapter at more frequent intervals than those required for members participating in the STRS defined benefit plan. The system has no duty to accept contributions by or on behalf of a member if a contribution or information is not furnished at such intervals. |
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Section 3307.87 | Spousal consent or waiver.
...ith division (A)(2) of this section, unless the spouse has consented under division (C) of this section to a different form of payment or the spouse's consent is waived under that division. (2) The benefits described in division (A)(1) of this section shall be paid in the form of an annuity, which shall consist of the actuarial equivalent of the member's benefits, in an amount that is payable for the life of ... |
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Section 3307.89 | Offering participation in defined contribution plan to members in defined benefit plan.
...r's contributions to an option shall be credited to an individual account established for the member in the defined contribution fund. |
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Section 3307.99 | Penalty.
... Code shall be fined not more than one hundred dollars for each day of the violation. (B) Whoever violates division (B) of section 3307.073 of the Revised Code shall be imprisoned for not more than six months or fined not more than five thousand dollars, or both. |
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Section 3309.01 | Public school employees retirement system definitions.
...n institution in another state, service credit for which was procured by a member under the provisions of section 3309.31 of the Revised Code. Prior service, for service as an employee in a capacity covered by the public employees retirement system or the state teachers retirement system, shall be granted a member under qualifications identical to the laws and rules applicable to service credit in those systems. ... |
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Section 3309.011 | Exclusions from definition of employee.
... acts or regulations and financed in whole or in part from federal funds, but for which no licensure requirements for the position can be made under the provisions of such federal acts or regulations; (B) Any person who participates in an alternative retirement plan established under Chapter 3305. of the Revised Code; (C) Any person who elects to transfer from the school employees retirement system to the publi... |
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Section 3309.012 | Board member to elect whether to become member of system.
...r failing to make the election required under this division shall be considered to have elected not to become a member of the system for the particular period for which the election was required. (B) Within ninety days of November 23, 1995, each school or governing board member on the day immediately preceding that date shall elect, by filing an election in writing with the school board or governing board treasurer,... |
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Section 3309.013 | Exclusions from definition of employee under ORC section 3309.01.
...nning with the first paycheck after commencing initial employment; (2) Except as provided in division (C) of this section, any person who is a former employee of a community school operator who is reemployed on or after July 1, 2016, by that operator and for whom the operator withholds and pays employee and employer taxes pursuant to 26 U.S.C. 3101(a) and 3111(a) beginning with the first paycheck after commencing re... |
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Section 3309.02 | Credit for military service.
...ess than one year of unadjusted service credit prior to active service in the armed forces subsequent to October 31, 1965, and who returns to service as an employee or as an employee in a capacity covered by either the public employees retirement system or the state teachers retirement system within two years after receiving such discharge or release, and establishes one year of service credit, shall have such servic... |
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Section 3309.021 | Purchasing military service credit.
... as a member of the armed forces of the United States, as defined in section 3309.02 of the Revised Code. (2) As used in division (A)(2) of this section, "reserves" means a reserve component of any of the armed forces of the United States enumerated in division (A)(1) of section 3309.02 of the Revised Code. On presentation of documentation of the service and subject to school employees retirement board rules, a mem... |
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Section 3309.022 | Purchasing uniformed services credit.
...ices that shall be considered the equivalent of Ohio service credit. On receipt of the application, the retirement system shall request from the employer that employed the member prior to the military service a certification that the member was employed by the employer prior to, and returned to employment with the employer within three months of honorable discharge or release from, service in the uniformed services. ... |
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Section 3309.03 | School employees retirement system - board.
...d Code. The board may sue and be sued, plead and be impleaded, contract and be contracted with, and do all things necessary to carry out Chapter 3309. of the Revised Code. All of its business shall be transacted, all of its funds invested, all warrants for money drawn and payments made, and all of its cash, securities, and other property shall be held in the name of the board, or in the name of its nominee, provided ... |
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Section 3309.031 | System consists of plans established by chapter.
... Code and the plan or plans established under section 3309.81 of the Revised Code. |
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Section 3309.04 | General administration and management vested in board.
...l submit to the Ohio retirement study council a copy of the full text of the rule, and if applicable, a copy of the rule summary and fiscal analysis required by division (B) of section 106.024 of the Revised Code. All rules adopted pursuant to this chapter, prior to August 20, 1976, shall be published and made available to interested parties by January 1, 1977. |
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Section 3309.041 | Travel expense policies - bonus policy - budget.
...e policy to the Ohio retirement study council for review. (B) If the board intends to award a bonus to any employee of the board, adopt rules in accordance with section 3309.04 of the Revised Code establishing a policy regarding employee bonuses; (C) Provide copies of the rules adopted under divisions (A) and (B) of this section to each member of the Ohio retirement study council; (D) Submit to the Ohio retirement... |
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Section 3309.042 | Ethics policy - commission approval - ethics training.
...ubmit it to the Ohio retirement study council for review. The board periodically shall provide ethics training to members and employees of the board. The training shall include training regarding the requirements and prohibitions of Chapter 102. of the Revised Code and sections 2921.42 and 2921.43 of the Revised Code and any other training the board considers appropriate. The board shall establish a procedure to en... |
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Section 3309.043 | Chief investment officer - supervision duties - monitoring of securities transactions.
...d the rules and regulations promulgated under those statutes. This duty of reasonable supervision shall include the adoption, implementation, and enforcement of written policies and procedures reasonably designed to prevent persons employed by the school employees retirement system from misusing material, nonpublic information in violation of those laws, rules, and regulations. For purposes of this division, no chie... |
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Section 3309.044 | Selection of internal auditor.
...d submit to the Ohio retirement study council a report of its actions during the preceding year. |
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Section 3309.05 | Board membership.
...s retirement system, and who shall be elected by ballot by the members of the system; (3) Two members, known as the retirant members, who shall be former members of the retirement system who reside in this state and currently receive an age and service retirement benefit, a disability benefit, or benefits under a plan established under section 3309.81 of the Revised Code. The retirant members shall be elected ... |
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Section 3309.051 | Orientation program required for new members - continuing education.
...rd member education program established under section 171.50 of the Revised Code. Each member of the board who has served a year or longer as a board member shall, not less than twice each year, attend one or more programs that are part of the continuing education component of the retirement board member education program established under section 171.50 of the Revised Code. |
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Section 3309.052 | Members with excessive travel expenses ineligible for another term.
...d member of the school employees retirement board for one or more entire fiscal years in fiscal years 2000, 2001, or 2002 is ineligible for re-election or reappointment to the board if the board paid travel-related expenses of the person or reimbursed the person for travel-related expenses that averaged more than ten thousand dollars annually for those fiscal years. |