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Ohio Revised Code

Chapter 3307

State Teachers Retirement System

3307.01State teachers retirement system - definitions 3307.03State teachers retirement system - board 3307.031Composition of state teachers retirement system 3307.04General administration and management vested in board 3307.041Travel expense policies - bonus policy - budget 3307.042Ethics policy - commission approval - ethics training 3307.043Chief investment officer - supervision duties - monitoring of securities transactions 3307.044Selection of internal auditor 3307.05Board membership 3307.051Orientation program required for new members - continuing education 3307.052Members with excessive travel expenses ineligible for another term 3307.06Board elections 3307.061Disqualification of convicted member - misconduct in office - removal procedure 3307.07Procedure for electing board members 3307.071No election if only one candidate nominated 3307.072Candidate campaign finance statements - donor statement of independent expenditures 3307.073Filing of statements - prohibited campaign activities 3307.074Complaint alleging violation of R.C. 3307.073 - procedure - fine 3307.075Adoption of election rules - certification of nominating petitions and election results 3307.08Oath of office 3307.09Quorum 3307.091Digital board meeting attendance 3307.10Expenses - liability insurance 3307.11Officers - executive director 3307.12Treasurer of state is custodian of funds 3307.121Annual statement of amount of funds furnished by treasurer 3307.13Legal adviser 3307.131Actions; Venue 3307.14Creation of funds - trustees 3307.141Each fund is separate legal entity 3307.142Interest compounded annually credited to accounts of members and funds 3307.143Discontinuation of health care coverage; transfer of surplus 3307.15Investment and fiduciary duties of board 3307.151Prohibited business transactions 3307.152Designation of Ohio-qualified agents - selection policy - increased utilization - annual report 3307.153Annual disclosures to Ohio Ethics Commission 3307.154Designation of Ohio-qualified investment managers - utilization - annual report 3307.18Trustee or employee of board shall have no interest in profits nor borrow funds 3307.181Restrictions on fiduciaries 3307.19Maintenance of individual account 3307.20Disclosure of records 3307.21Notifying teacher of duties and obligations under chapter 3307.211Certifying names of covered employees 3307.212Notifying board of personnel changes 3307.213Maintaining records and furnishing assistance 3307.214Information to new employees 3307.231Verifying termination of active service 3307.24Denying membership to certain classes of teachers 3307.25Electing defined benefit or defined contribution plan; election to cease participation 3307.251Employee with less than 5 years of service electing to participate in STRS defined contribution plan 3307.252Effect of electing STRS defined contribution plan 3307.26Contributions 3307.261Contributions during disability leave 3307.27Employer pick up of teacher contributions 3307.28Employer contribution 3307.29Deductions certified 3307.291Transmitting payments monthly 3307.292Failure of employer to transmit amounts due 3307.30Levying additional taxes 3307.31Deducting employer contributions from state aid moneys 3307.32Payment of amounts due retirement system from treasury 3307.33Termination of membership 3307.35Employment of retirant 3307.351Continuing contributions to state system after retirement 3307.352Retirant may apply for monthly annuity or lump sum payment 3307.353Reemployed superannuate or rehire in position filled by vote of members of board or commission 3307.354Superannuates or other system retirants 3307.37Restitution order based on theft in office or certain sex offenses 3307.371Order for division of marital property 3307.372Forfeiture of retirement benefits under R.C. 2929.192 3307.373Benefits subject to termination 3307.39Group health insurance coverage for retired persons and survivors 3307.391Establishing programs for long term health care insurance 3307.392Lump sum payment for death benefit 3307.393Additional deposits to fund medical expenses 3307.41Tax exemptions 3307.42Acquiring vested right in pension when granted; suspension of benefits 3307.44Waiver of rights 3307.46Increasing pension, benefit, or allowance when limits of 26 U.S.C. 415 are raised 3307.461Establishing and maintaining qualified governmental excess benefit arrangement 3307.47Recovering erroneous payments 3307.48Disability benefit recipients 3307.50Defined benefit plan definitions 3307.501Final average salary 3307.51Actuarial valuation of pension assets, liabilities, and funding requirements 3307.511Data required for preparation of mortality and service tables 3307.512Amortizing unfunded actuarial accrued pension liability 3307.513Annual report disability retirement experience of each employer 3307.514Study to determine percentage of electing employee's compensation to be contributed by public institution of higher education 3307.52Service credited at retirement 3307.53Computing service credit 3307.56Payment to member who ceases to be a teacher 3307.561Payments to members who are members of another state retirement system 3307.562Designation or qualification of beneficiaries 3307.563Interest added to withdrawn contributions 3307.57Coordinating and integrating membership in state retirement systems 3307.58Eligibility for service retirement 3307.59Disability allowance recipient applying for service retirement 3307.60Retirant may elect plan of payment 3307.62Eligibility for disability benefits 3307.63Benefits upon disability retirement 3307.631Annual amount of disability allowance 3307.66Beneficiary may substitute other benefits 3307.661Payment of death benefit 3307.67Cost of living increase 3307.671Establishing temporary supplemental benefit fund 3307.69Recalculating benefits 3307.691Annual lifetime benefit 3307.692Annual single lifetime benefit based on 30 or more years service 3307.693Supplementing allowance 3307.694Additional allowance on or after 7/1/1968 3307.695Additional monthly payment as of 12/31/1971 3307.696Additional monthly payment where member died prior to 7/1/1968 3307.697Additional monthly payment as of 12/19/1973 3307.698Increase in monthly allowance, pension or benefit effective 7/1/1981 3307.699Increase in benefits established prior to 2/1/1983 3307.6910Increase in benefits for awards prior to 7/1/1979 3307.6911Recalculating benefits to counter effect of inflation 3307.6912Recalculating retirement allowances for retirants prior to 1945 and 1947 3307.6913Recalculating annual single lifetime benefit 3307.6914Recalculating benefits based on cumulative percentage change in CPI 3307.70Purchasing service credits 3307.701Payroll deduction plans 3307.71Restoring service credit 3307.711Payroll deduction plans - restoring PERS or SERS credit 3307.712Proceedings on request for restoration of service credit 3307.72Credit for years of service where employer failed to make contributions 3307.73Purchase of service credit for period of self-exemption 3307.74Credit for prior service - comparable public position 3307.75Credit for military service 3307.751Purchasing military service credit 3307.752Purchasing uniformed services credit 3307.76Credit for time served in other state retirement systems 3307.761Credit for service in uniform retirement system 3307.762Transferring service credit and contributions between STRS and Cincinnati retirement system 3307.763Eligibility for credit for service in Cincinnati retirement system 3307.764Transferring contributions to Cincinnati retirement system 3307.765Transferred service credit from uniform retirement system 3307.77Purchasing service credit for period of approved absence or leave 3307.771Purchasing service credit for time spent on pregnancy or adoption 3307.78Purchasing credit for service as school board member 3307.79Years of service credit of deceased member dying prior to 7/1/1973 - right of survivor to purchase service credit 3307.80Rules for defined contribution plans 3307.81Establishment and administration of defined contribution plan 3307.811Qualification of plan for federal tax purposes 3307.812Tax exemptions and deferrals 3307.83Member rights governed by plan selected 3307.84Transfer of portion of employer contribution to employers' trust fund to mitigate negative financial impact on system 3307.86Furnishing contributions and information at more frequent intervals 3307.87Spousal consent or waiver 3307.89Offering participation in defined contribution plan to members in defined benefit plan 3307.99Penalty