US Laws, Codes, Statutes & Cases

• 3307.01. Definitions.
• · · · [3307.01.1, 3307.01.2] 3307.011, 3307.012  Repealed.
• · · · [3307.01.3] 3307.013.Renumbered.
• 3307.02. Renumbered.
• · · · [3307.02.1, 3307.02.2] 3307.021, 3307.022  Renumbered.

Board.

• 3307.03. State teachers retirement system established; board.
• · · · [3307.03.1] 3307.031.Plans constituting system.
• 3307.04. Administration and management vested in board; rules.
• · · · [3307.04.1] 3307.041.Policies regarding travel and payment of travel expenses and bonuses; operating budget; plan for disseminating public information.
• · · · [3307.04.2] 3307.042.Ethics policy and training.
• · · · [3307.04.3] 3307.043.Chief investment officer.
• · · · [3307.04.4] 3307.044.Committee to oversee selection of internal auditor.
• 3307.05. Members of board.
• · · · [3307.05.1] 3307.051.Orientation program for new members; continuing education.
• · · · [3307.05.2] 3307.052.Ineligibility of certain members for re-election or reappointment.
• 3307.06. Election for members of board; term; vacancies.
• · · · [3307.06.1] 3307.061.Convictions resulting in loss of office; ineligibility for election; removal of member.
• 3307.07. Method of election for board members.
• · · · [3307.07.1] 3307.071.Election unnecessary if only one candidate nominated.
• · · · [3307.07.2] 3307.072.Filing of campaign finance statement or independent expenditure statement.
• · · · [3307.07.3] 3307.073.Failure to file statement; prohibitions concerning elections.
• · · · [3307.07.4] 3307.074.Complaint alleging violation.
• · · · [3307.07.5] 3307.075.Rules concerning elections; contract for election services.
• 3307.08. Oath of office.
• 3307.09. Quorum.
• 3307.10. Reimbursement of expenses of board members; time off for meetings for teacher members; liability insurance.
• 3307.11. Officers; employees; vouchers; duties generally.
• · · · [3307.11.1] 3307.111.Renumbered.
• 3307.12. Treasurer of state shall be custodian of funds; bond required; deposit of funds.
• · · · [3307.12.1] 3307.121.Annual statement of amount of funds.
• 3307.13. Legal adviser.
• 3307.14. Funds created; board may accept gifts and bequests.
• · · · [3307.14.1] 3307.141.Funds are separate legal entities.
• · · · [3307.14.2] 3307.142.Interest compounded annually credited to accounts of members and funds.

Funds; Bonds.

• 3307.15. Investment and fiduciary duties of board.
• · · · [3307.15.1] 3307.151.Investment policy of the system.
• · · · [3307.15.2] 3307.152.Designation and use of Ohio-qualified agents; policy concerning agents executing securities transactions.
• · · · [3307.15.3] 3307.153.Disclosures to ethics commission concerning agents.
• · · · [3307.15.4] 3307.154.Ohio-qualified investment managers.
• 3307.16, 3307.17  Repealed.
• 3307.18. Trustee or employee of board shall have no interest in profits nor borrow funds.
• · · · [3307.18.1] 3307.181.Prohibited transactions; liability and bond of fiduciary.

Accounts; Reports; Records.

• 3307.19. Individual account for each contributor.
• 3307.20. Access to records; match with public assistance recipients.
• · · · [3307.20.1] 3307.201.Renumbered.
• 3307.21. Teacher to be notified of his duties and obligations under chapter.
• · · · [3307.21.1] 3307.211.Employer to certify names of covered teachers.
• · · · [3307.21.2] 3307.212.Employer to notify board of changes.
• · · · [3307.21.3] 3307.213.Employer to keep records and furnish assistance.
• · · · [3307.21.4] 3307.214.Notice to new teacher concerning election of plan.

Membership.

• 3307.22. Renumbered.
• 3307.23. Statement to be filed upon becoming employed.
• · · · [3307.23.1] 3307.231.Verification of statement.
• 3307.24. Right of denial of membership to certain classes of teachers.
• · · · [3307.24.1] 3307.241.Members of local district pension system excluded from membership; membership by petition.
• 3307.25. Election by new member of defined benefit or defined contribution plan.
• · · · [3307.25.1] 3307.251.Election of defined contributions plan by member with less than five years of service credit.
• · · · [3307.25.2] 3307.252.Preclusive effect of electing defined contribution plan.
• 3307.26. Teacher's contributions; additional deposits.
• · · · [3307.26.1] 3307.261.Payment of contributions during disability leave.
• 3307.27. Employer payment of teacher contributions.
• 3307.28. Employer's contribution rate.
• · · · [3307.28.1-3307.28.3] 3307.281-3307.283  Renumbered.
• 3307.29. Deductions certified to employer's treasurer; duplicate to secretary of board.
• · · · [3307.29.1] 3307.291.Transfer of receipts to board and treasurer of state.
• · · · [3307.29.2] 3307.292.Penalties paid by employers failing to transmit contributions.
• 3307.30. Levy of additional taxes; preference.
• 3307.31. Source of board of education and community school payments; deduction from state aid.
• · · · [3307.31.1] 3307.311.Renumbered.
• 3307.32. Effective until 12-1-06.
• 3307.32. Effective 12-1-06.
• 3307.33. When membership ceases.
• 3307.34. [Repealed]
• 3307.35. Employment of superannuate or other system retirant.
• · · · [3307.35.1] 3307.351.Retirement from one STRS position while continuing to make contributions for another STRS or other state system position.
• · · · [3307.35.2] 3307.352.Superannuate or other system retirant may apply for benefit or return of contributions.
• · · · [3307.35.3] 3307.353.Procedure for continuing employment of or rehiring certain superannuates.
• 3307.36. Renumbered.
• 3307.37. Effect of restitution order based on theft in office or certain sex offenses.
• · · · [3307.37.1] 3307.371.Compliance with order for division of marital property.
• 3307.38. Renumbered.
• · · · [3307.38.1-3307.38.4] 3307.381-3307.384  Renumbered.
• 3307.39. Group health insurance for retirants, benefit recipients and dependents.
• · · · [3307.39.1] 3307.391.Program for participation in contracts for long-term health care insurance.
• · · · [3307.39.2] 3307.392.Death benefit plan providing additional lump sum payment.
• 3307.40. Renumbered.
• · · · [3307.40.1-3307.40.13] 3307.401-3307.4013  Renumbered.
• 3307.41. Exemptions from taxes and actions by creditors; nonassignability.
• · · · [3307.41.1, 3307.41.2] 3307.411, 3307.412  Renumbered.
• 3307.42. Vesting of right to allowance, annuity, pension or benefit.
• · · · [3307.42.1] 3307.421.Renumbered.
• 3307.43. Renumbered.
• · · · [3307.43.1] 3307.431.Renumbered.
• 3307.44. Waiver.
• 3307.45. [Repealed]
• 3307.46. Increase in benefit or allowance when § 415 limits increased.
• · · · [3307.46.1] 3307.461.Qualified governmental excess benefit arrangement.
• 3307.47. Recovery of erroneous payments.
• 3307.48, 3307.49  Renumbered.

Defined Benefit Plan.

• 3307.50. Definitions.
• · · · [3307.50.1] 3307.501.Determination of final average salary; treatment of excluded amounts; hearing on exclusion.

Contributions.

• 3307.51. Actuarial reports; analysis of proposed legislation; annual accounting.
• · · · [3307.51.1] 3307.511.Mortality and service tables; actuarial valuations; amount of annuities.
• · · · [3307.51.2] 3307.512.Amortization of unfunded actuarial accrued pension liability.
• · · · [3307.51.3] 3307.513.Annual report on each employer's disability retirement experience.
• · · · [3307.51.4] 3307.514.[Repealed]
• · · · [3307.51.5] 3307.515.Renumbered.
• 3307.52. Total service credited at retirement.
• 3307.53. Service credit.
• 3307.54. Retirement incentive plan.
• 3307.55. [Repealed]
• 3307.56. Member ceasing to teach entitled to accumulated contributions and interest; effect of electing alternative retirement plan.
• · · · [3307.56.1] 3307.561.Withdrawal of contributions by multi-system member.
• · · · [3307.56.2] 3307.562.Designation or qualification of beneficiaries of members.
• · · · [3307.56.3] 3307.563.Equivalent of interest to be added to withdrawn contributions.
• 3307.57. Co-ordinating membership in state retirement systems; combining contributions and service credit.

Miscellaneous.

• 3307.58. Service retirement.
• 3307.59. Certain disability allowance recipients may apply for service retirement.
• 3307.60. Effective until 10-27-06.
• 3307.60. Effective 10-27-06.
• 3307.61. Medicare equivalent benefits.
• 3307.62. Disability coverage; election of coverage; medical examination; duty to obtain treatment.
• 3307.63. Disability retirement; application for service retirement.
• · · · [3307.63.1] 3307.631.Amount of disability allowance; source of payment; termination.
• 3307.64. Disability benefit recipient considered on leave of absence; medical examinations; termination; credit for disability period.
• 3307.65. Renumbered.
• · · · [3307.65.1] 3307.651.Renumbered.
• 3307.66. Qualified dependent beneficiary may elect to receive substituted benefits.
• · · · [3307.66.1] 3307.661.Lump-sum death benefit.
• 3307.67. Effective until 10-27-06.
• 3307.67. Effective 10-27-06.
• · · · [3307.67.1] 3307.671.Temporary supplemental benefit fund established.
• 3307.68. Renumbered.
• 3307.69. Benefit recalculated as of 12-14-92.
• · · · [3307.69.1] 3307.691.Annual lifetime benefit.
• · · · [3307.69.2] 3307.692.Annual single lifetime benefit based on 30 years service.
• · · · [3307.69.3] 3307.693.Supplemental allowance.
• · · · [3307.69.4] 3307.694.Additional allowance as of 7-1-68.
• · · · [3307.69.5] 3307.695.Additional monthly payments as of 12-31-71.
• · · · [3307.69.6] 3307.696.Additional monthly payment where member died prior to 7-1-68.
• · · · [3307.69.7] 3307.697.Additional monthly payment as of 12-19-73.
• · · · [3307.69.8] 3307.698.Increase effective 7-1-81.
• · · · [3307.69.9] 3307.699.Increase effective 2-1-83.
• · · · [3307.69.10] 3307.6910.Increase for awards prior to 7-1-79.
• · · · [3307.69.11] 3307.6911.Benefit recalculations to counter effect of inflation.
• · · · [3307.69.12] 3307.6912.Retirement allowances recalculated for retirants prior to 1945 and 1947.
• · · · [3307.69.13] 3307.6913.Recalculation of annual single lifetime benefit.
• · · · [3307.69.14] 3307.6914.Recalculation of benefit based on cumulative percentage change in CPI.
• 3307.70. Payroll deduction plans for service credit and long-term health care benefits purchases.
• 3307.71. Restoration of canceled service credit.
• · · · [3307.71.1] 3307.711.Restoration of PERS or SERS service credit via payroll deduction plan.
• · · · [3307.71.2] 3307.712.Action on request from PERS or SERS concerning restoration of service credit.
• 3307.72. Credit for service where employer failed to make contributions.
• 3307.73. Purchase of service credit for period of exemption.
• 3307.74. Service credit for prior teaching or public service.
• · · · [3307.74.1] 3307.741.Purchase of credit for similar service as teacher.
• 3307.75. Military service credit.
• · · · [3307.75.1] 3307.751.Purchase of military service credit.
• · · · [3307.75.2] 3307.752.Purchase of uniformed services credit.
• 3307.76. Credit for time served in PERS or SERS.
• · · · [3307.76.1] 3307.761.Transfers from uniform retirement system.
• · · · [3307.76.2] 3307.762.Transfers between STRS and Cincinnati retirement system.
• · · · [3307.76.3] 3307.763.Credit for service in Cincinnati retirement system.
• · · · [3307.76.4] 3307.764.Transfers to Cincinnati retirement system.
• · · · [3307.76.5] 3307.765.Transferral service credit from uniform retirement system.
• 3307.77. Purchase of service credit for period of approved absence or leave.
• · · · [3307.77.1] 3307.771.Purchase of service credit for period of pregnancy leave or resignation due to pregnancy or adoption of child.
• 3307.78. Purchase of credit for service as school or governing board member.
• 3307.79. Presumption as to years of service credit of deceased member; survivor may purchase credit.

Defined Contribution Plans.

• 3307.80. Rules for defined contribution plans.
• 3307.81. Benefit options; administration of plans.
• · · · [3307.81.1] 3307.811.Plans and participants to be qualified.
• · · · [3307.81.2] 3307.812.Tax exemptions and deferral.
• 3307.83. Member rights governed by plan selected.
• 3307.84. Transfer of portion of employer contribution to mitigate negative financial impact on system.
• 3307.86. Contributions and member information may be required at more frequent intervals.
• 3307.87. Effective until 10-27-06.
• 3307.87. Effective 10-27-06.
• 3307.88. Member who does not elect to continue participating reverts to defined benefit plan.
• · · · [3307.88.1] 3307.881.Election to continue participating in defined contribution plan.
• · · · [3307.88.2] 3307.882.Notice of opportunity to elect to continue participating.
• 3307.89. Board may offer participation to members in defined benefit plan.
• 3307.96. Merger of local district pension system with retirement system; procedure.
• 3307.97. Payment of accrued liability; rate; interest.
• 3307.98. Transfer of moneys and securities in event of merger.
• 3307.99. Penalties.