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2006 Ohio Revised Code - 145. Public Employees Retirement System.
- 145.01. Definitions.
- · · · [145.01.1] 145.011.Other university and college employees included.
- · · · [145.01.2] 145.012.Persons not considered public employees.
- · · · [145.01.3] 145.013.Election by fireman to remain in system.
- · · · [145.01.4] 145.014.Employees of regional council of governments.
- · · · [145.01.5] 145.015.Election by county historical society employee.
- 145.02. Exclusions from membership; payment required to acquire service credit in PERS.
- 145.03. Public employees retirement system; exemption from compulsory membership.
- · · · [145.03.1] 145.031.Hamilton county municipal court employees may request exemption.
- · · · [145.03.2] 145.032.Hamilton county air pollution control employees may request exemption.
- · · · [145.03.3] 145.033.Employees of Cincinnati correctional institute may choose exemption.
- · · · [145.03.4] 145.034.Certain members becoming subject to social security tax may request exemption.
- · · · [145.03.5] 145.035.Exemption of department of development employees located in foreign countries.
Public Employees Retirement Board.
- 145.04. Administration and management of system vested in public employees retirement board.
- · · · [145.04.1] 145.041.Orientation program for new members; continuing education.
- · · · [145.04.2] 145.042.Ineligibility of certain members for re-election or reappointment.
- 145.05. Term of office and election of employee and retirant members.
- · · · [145.05.1] 145.051.Special election of member.
- · · · [145.05.2] 145.052.Election unnecessary if only one candidate nominated.
- · · · [145.05.3] 145.053.Filing of campaign finance statement or independent expenditure statement.
- · · · [145.05.4] 145.054.Failure to file statement; prohibitions concerning elections.
- · · · [145.05.5] 145.055.Complaint alleging violation.
- · · · [145.05.7] 145.057.Convictions resulting in loss of office; ineligibility for election; removal of board member.
- · · · [145.05.8] 145.058.Rules concerning elections; contract for election services.
- 145.06. Vacancies.
- 145.07. Oath of office; quorum; meetings.
- 145.08. Reimbursement of expenses of board members; liability insurance.
- 145.09. Chairperson; executive director; employees; powers and duties generally.
- · · · [145.09.1] 145.091.Administration of defined benefit and defined contribution plans.
- · · · [145.09.2] 145.092.Policies regarding travel and payment of travel expenses and bonuses; operating budget; plan for disseminating public information.
- · · · [145.09.3] 145.093.Ethics policy and training.
- · · · [145.09.4] 145.094.Chief investment officer.
- · · · [145.09.5] 145.095.Committee to oversee selection of internal auditor.
- 145.10. Legal adviser.
- 145.11. Investment and fiduciary duties of board.
- · · · [145.11.1] 145.111.No board member or employee shall have an interest in board funds.
- · · · [145.11.2] 145.112.Involvement affecting investment policy.
- · · · [145.11.3] 145.113.Prohibited transactions; liability and bond of fiduciary.
- · · · [145.11.4] 145.114.Designation and use of Ohio-qualified agents; policy concerning agents executing securities transactions.
- · · · [145.11.5] 145.115.Disclosures to ethics commission concerning agents.
- · · · [145.11.6] 145.116.Ohio-qualified investment mamagers.
- 145.12. Appropriation and payment of moneys by political subdivisions for employer contributions.
- 145.13. Denomination of bonds.
- 145.14. Percentage of funds available for annuities and other payments; deposit.
- 145.15. Employee information provided by each department.
- 145.16. Statement to be filed by employee member.
- 145.17. Monthly statement to board by each department.
- · · · [145.17.1] 145.171.New employee to be informed of election of plan.
- 145.18. Records kept by department heads.
- 145.19. Election to participate in defined benefit or defined contribution plan.
- · · · [145.19.1] 145.191.Election by employee with less than five years service to participate in defined contribution plan.
- · · · [145.19.2] 145.192.Effect of electing defined contribution plan.
- · · · [145.19.3] 145.193.Election applies to all PERS positions; election after reemployment.
- 145.20. Elective officials may join system; credit for prior service.
- · · · [145.20.1] 145.201.Purchase of additional service credit by elected or appointed officials.
- · · · [145.20.2] 145.202, [145.20.3] Repealed.
- 145.21. Individual accounts for each member; mortality tables.
- 145.22. Actuarial reports, analysis of proposed legislation; annual accounting.
- · · · [145.22.1] 145.221.Amortization of unfunded actuarial accrued pension liability.
Funds.
- 145.23. Funds.
- 145.24. Inequality of contributions by employer.
- 145.25. Each fund is separate legal entity.
- 145.26. Treasurer of state custodian of funds.
- 145.27. Access to records; match with public assistance recipients.
- 145.28. Purchase of service credit for period during which member exempted himself.
- 145.29. Credit for prior service; refund of contributions.
- · · · [145.29.1] 145.291.Credit for service while on leave of absence or resignation due to pregnancy or adoption.
- · · · [145.29.2] 145.292.Service credit for prior employment with municipal zoo or zoological society.
- · · · [145.29.3] 145.293.Purchase of service credit for out-of-state service.
- · · · [145.29.4] 145.294.Payroll deduction plan for service credit purchases.
- · · · [145.29.5] 145.295.Credit for service in police and fire or highway patrol systems; transfers between systems.
- · · · [145.29.6] 145.296.Payment of contributions during disability leave.
- · · · [145.29.7] 145.297.Retirement incentive plan.
- · · · [145.29.8] 145.298.Retirement incentive plan upon closing or massive layoff at state institution.
- · · · [145.29.9] 145.299.Purchase of credit for service as school board member.
- · · · [145.29.10] 145.2910.Transfers of service credit and contributions between PERS and Cincinnati retirement system.
- · · · [145.29.11] 145.2911.Credit for service in Cincinnati retirement system.
- · · · [145.29.12] 145.2912.Transfers to Cincinnati retirement system.
- · · · [145.29.13] 145.2913.Transferred service credit from uniform retirement system.
- 145.30. Military service credit.
- · · · [145.30.1] 145.301.Purchase of military service credit.
- · · · [145.30.2] 145.302.Purchase of uniformed services credit.
- 145.31. Restoration of membership and service credit.
- · · · [145.31.1] 145.311.Restoration of STRS or SERS service credit via payroll deduction plan.
- · · · [145.31.2] 145.312.Action on request from STRS or SERS concerning restoration of service credit.
- 145.32. Voluntary and compulsory retirement; ineligibility for re-employment; designation of beneficiary.
- · · · [145.32.1] 145.321.Supplemental allowance.
- · · · [145.32.2] 145.322.Additional allowance effective 7-1-68.
- · · · [145.32.3] 145.323.Effective until 10-27-06.
- · · · [145.32.3] 145.323.Effective 10-27-06.
- · · · [145.32.4] 145.324.Retirants receive annual single lifetime benefit.
- · · · [145.32.5] 145.325.Medicare equivalent benefits.
- · · · [145.32.6] 145.326.Additional monthly payments.
- · · · [145.32.7] 145.327.Additional monthly benefits.
- · · · [145.32.8] 145.328.When retirant to receive additional monthly payment.
- · · · [145.32.9] 145.329.Benefit recalculated.
- · · · [145.32.10] 145.3210.Increase in monthly allowance, pension or benefit.
- · · · [145.32.11] 145.3211.Benefit increase where award made prior to 1-1-89.
- · · · [145.32.12] 145.3212.Increase where benefit became effective in 1977 or earlier.
- · · · [145.32.13] 145.3213.Increase in benefit effective prior to 1-1-80.
- 145.33. Allowance upon age and service retirement.
- · · · [145.33.1] 145.331.Retirement allowance payable to former recipient of disability allowance.
- · · · [145.33.2] 145.332.Recalculation of benefit effective prior to 9-21-00.
- 145.34. Commuted age and service allowance.
- 145.35. Disability coverage for on-duty illness or injury; election of coverage; medical examination.
- · · · [145.35.1] 145.351.Annual report on each employer's disability retirement experience.
- 145.36. Benefit upon disability retirement.
- · · · [145.36.1] 145.361.Amount of disability allowance; source of payments; termination.
- · · · [145.36.2] 145.362.Disability benefit recipient considered on leave of absence; medical examination; termination; service credit; notice of employment of recipient.
- 145.37. Coordinating membership in state retirement systems; combining contributions and service credits.
- 145.38. Employment of PERS or other system retirant.
- · · · [145.38.1] 145.381.Procedure for continuing employment of or rehiring certain reemployed retirants.
- · · · [145.38.2] 145.382.Certain retirants may be employed notwithstanding restrictions.
- · · · [145.38.3] 145.383.Retirement from one state retirement system position while continuing to make contributions for another position.
- · · · [145.38.4] 145.384.Retirant may apply for benefit or payment of contributions.
- · · · [145.38.5] 145.385.Reemployed retirant may elect to resume retirement allowance.
- 145.39. Effect of raising limits in 26 U.S.C. 415.
- · · · [145.39.1] 145.391.Qualified governmental excess benefit arrangement.
- 145.40. Payment to member who ceases to be a public employee.
- · · · [145.40.1] 145.401.Additional payment upon death of member or withdrawal of contributions.
- · · · [145.40.2] 145.402.Withdrawal of contributions by member who is also member of STRS or SERS.
- 145.41. Termination of membership; leave of absence.
- 145.42. Reinstatement of members on leave of absence to United States employment service.
- 145.43. Designation or qualifications of beneficiaries of members.
- 145.44. Retroactive membership.
- 145.45. Beneficiary may elect alternative benefits.
- · · · [145.45.1] 145.451.Payment of death benefit.
- · · · [145.45.2] 145.452.Service credit purchased after death of member.
- · · · [145.45.3] 145.453.[Repealed]
- 145.46. Effective until 10-27-06.
- 145.46. Effective 10-27-06.
- · · · [145.46.1] 145.461.Increase in annual amount of benefit.
- · · · [145.46.2] 145.462.Benefits payable prior to 2-1-84 to be increased.
- 145.47. Per cent of compensation required as contribution; deductions.
Crediting of Interest to Individual Accounts.
- · · · [145.47.1] 145.471.Crediting of interest to individual accounts.
- · · · [145.47.2] 145.472.Crediting of interest on account balances as of 12-31-98.
- · · · [145.47.3] 145.473.Interest rates.
- 145.48. Employer contribution rate.
- · · · [145.48.1] 145.481, [145.48.3] Repealed.
- · · · [145.48.3] 145.483.Delinquent contribution statements.
- 145.49. Separate calculations of employee and employer contribution rates.
- · · · [145.49.1] 145.491.Renumbered.
- 145.50. [Repealed]
- 145.51. Payments into employer's accumulation fund.
- 145.52. [Repealed]
- 145.53. Renumbered.
- · · · [145.53.1] 145.531.[Repealed]
- 145.54. Annual estimate of amount necessary to defray expenses; apportionment.
- 145.55. Members deemed to consent to deductions.
- 145.56. Exemption from taxes and actions by creditors; nonassignability.
- · · · [145.56.1] 145.561.Person acquires vested right in pension when granted.
- · · · [145.56.2] 145.562.Waiver.
- · · · [145.56.3] 145.563.Recovery of erroneous payments.
- · · · [145.56.4] 145.564.Payroll deduction of dues and fees of certain retiree organizations.
- 145.57. Effect of theft in office or certain sex offenses on benefit or withdrawal.
- · · · [145.57.1] 145.571.Compliance with order for division of marital property.
- 145.58. Group hospitalization coverage for retired persons and survivors; ineligible individuals.
- · · · [145.58.1] 145.581.Long-term care insurance for recipients of pension, benefit or allowance.
- · · · [145.58.2] 145.582.Health care coverage for elected officials given erroneous information.
- 145.59. Renumbered.
- 145.69. Budget requirements; appropriation.
- 145.70. Effective until 12-1-06.
- 145.70. Effective 12-1-06.
Deferred Compensation Programs.
Defined Contribution Plans.
- 145.80. Rules.
- 145.81. Defined contribution plans to be established.
- · · · [145.81.1] 145.811.Plans to be qualified.
- · · · [145.81.2] 145.812.Plans and participants to be qualified.
- · · · [145.81.3] 145.813.Individual account for each participant.
- · · · [145.81.4] 145.814.Election to participate in different plan.
- 145.82. Provisions of chapter applicable to plan.
- 145.83. Accumulation of contributions to pay medical and insurance expenses.
- 145.85. Contributions by participant.
- 145.86. Contributions by employer.
- 145.87. Transfers to employers' accumulation fund.
- 145.88. Crediting of contributions and earnings; withholding.
- 145.91. Rights governed by plan selected.
- 145.92. Effective until 10-27-06.
- 145.92. Effective 10-27-06.
- 145.95. Vesting of rights.
- 145.97. Right to maintain account; redeposit of amount withdrawn; additional deposits.
- 145.98. When contributions to cease.
- 145.99. Penalties.
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