2011 Ohio Revised Code
Title [33] XXXIII EDUCATION - LIBRARIES
Chapter 3307: STATE TEACHERS RETIREMENT SYSTEM
3307.42 Acquiring vested right in pension when granted.
Except as provided in section 3307.373 of the Revised Code, the granting to any person of an allowance, annuity, pension, or other benefit under the plan described in sections 3307.50 to 3307.79 of the Revised Code, or the granting of a benefit under a plan established under section 3307.81 of the Revised Code, pursuant to an action of the state teachers’ retirement board vests a right in such person, so long as the person remains the beneficiary of any of the funds established by section 3307.14 of the Revised Code, to receive the allowance, annuity, pension, or benefit at the rate fixed at the time of granting the allowance, annuity, pension, or benefit. Such right shall also be vested with equal effect in the beneficiary of a grant heretofore made from any of the funds named in section 3307.14 of the Revised Code.
Amended by 129th General Assembly File No. 16, HB 123, § 101, eff. 7/29/2011.
Effective Date: 07-13-2000
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