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Ohio Revised Code

Chapter 3309

Public School Employees Retirement System

3309.01Public school employees retirement system definitions.3309.011Exclusions from definition of employee.3309.012Board member to elect whether to become member of system.3309.013Exclusions from definition of employee under ORC section 3309.01.3309.02Credit for military service.3309.021Purchasing military service credit.3309.022Purchasing uniformed services credit.3309.03School employees retirement system - board.3309.031System consists of plans established by chapter.3309.04General administration and management vested in board.3309.041Travel expense policies - bonus policy - budget.3309.042Ethics policy - commission approval - ethics training.3309.043Chief investment officer - supervision duties - monitoring of securities transactions.3309.044Selection of internal auditor.3309.05Board membership.3309.051Orientation program required for new members - continuing education.3309.052Members with excessive travel expenses ineligible for another term.3309.06Board elections.3309.061Disqualification of convicted member - misconduct in office - removal procedure.3309.07Electing employee and retirant members.3309.071No election when only one nominee for employee or retirant member.3309.072Candidate campaign finance statements - donor statement of independent expenditures.3309.073Filing of statements - prohibited campaign activities.3309.074Complaint alleging violation of RC 3309.073 - procedure - fine.3309.075Adoption of election rules - certification of nominating petitions and election results.3309.08Oath of office.3309.09Quorum.3309.091Video conference meetings.3309.10Service on board; reimbursement for employer; expenses; liability insurance.3309.11Officers - executive director.3309.12Treasurer of state is custodian of funds.3309.13Legal adviser.3309.14Technical and administrative employees - retirement applications.3309.15Investment and fiduciary duties of board.3309.155Prohibited business transactions.3309.156Restrictions on fiduciaries.3309.157Designation of Ohio-qualified agents - selection policy - utilization - annual report.3309.158Annual disclosures to Ohio Ethics Commission.3309.159Designation of Ohio-qualified investment managers - utilization - annual report.3309.16Denomination or consolidation of bonds.3309.17Record of proceedings between board and taxing district.3309.18Interest credited annually.3309.19Trustee or employee of board shall have no interest in profits nor borrow funds.3309.20Maintenance of individual account.3309.21Actuarial valuation of pension assets, liabilities, and funding requirements.3309.211Amortizing unfunded actuarial accrued pension liability.3309.212Study to determine percentage of electing employee's compensation to be contributed by public institution of higher education.3309.22Annual statement of funds.3309.23Contributors to school employees retirement system.3309.24Members of local district pension system excluded from membership - membership by petition.3309.25Information to new employees.3309.251Electing defined benefit or defined contribution plan.3309.252Employee with less than 5 years of service electing to participate in defined contribution plan.3309.253Effect of electing defined contribution plan.3309.26Restoring service credit.3309.261Payroll deduction plans - restoring PERS or STERS credit.3309.262Proceedings on request for restoration of service credit.3309.27Payroll deduction plans.3309.28Statement to be filed by employee member.3309.29Verifying termination of active service.3309.30Service credit.3309.301Purchase of service credit for period of self-exemption.3309.31Credit for prior service - comparable public position.3309.311Purchasing credit for service as school board member.3309.312University of Akron law enforcement officers electing transfer to public employees retirement system.3309.32Prior service credit.3309.33Retirement incentive plan.3309.34Eligibility for service retirement.3309.341Employment of retirant.3309.343Continuing contributions to state system after retirement.3309.344Retirant may apply for monthly annuity or lump sum payment.3309.345Reemployed superannuate or rehire in position filled by vote of members of board or commission.3309.35Coordinating and integrating membership in state retirement systems.3309.353Increase in benefits established prior to 2/1/1983.3309.354Increase in benefits where eligibility established prior to 9-9-88.3309.36Allowances for service retirement.3309.361Annual lifetime benefit.3309.362Increase in annual amount of benefit effective 7-1-81.3309.363Contribution based benefit cap.3309.374Cost of living increase.3309.375Benefits equivalent to medicare.3309.376Additional monthly payment as of 12-31-71.3309.377Additional monthly payment where member died prior to 7-1-68.3309.378Additional monthly payment as of 12-19-73.3309.379Recalculating benefits.3309.3710Increase in monthly allowance, pension or benefit effective 7-1-81.3309.3711Increasing pension, benefit, or allowance when limits of 26 USC 415 are raised.3309.3712Establishing and maintaining qualified governmental excess benefit arrangement.3309.381Disability allowance recipient applying for service retirement.3309.39Providing disability coverage for on-duty illness or injury.3309.391Annual report disability retirement experience of each employer.3309.392Social security disability insurance benefits.3309.40Benefits upon disability retirement.3309.401Annual amount of disability allowance.3309.41Disability benefit recipient to retain membership status.3309.42Payment to member who ceases to be a public employee.3309.43Payments to members who are members of another state retirement system.3309.44Designation or qualification of beneficiaries.3309.45Beneficiary may substitute other benefits.3309.451Service credit purchased upon death of member.3309.46Electing a plan of payment.3309.47Contribution of contributor.3309.471Contributions during disability leave.3309.472Purchasing service credit for time spent on pregnancy.3309.473Purchasing service credit for time spent on pregnancy or adoption.3309.474Purchase of service credits for leaves of absence.3309.48Employer failing to deduct employee contribution.3309.49Employer contribution.3309.491Employer minimum compensation contribution.3309.50Payment of death benefit.3309.51Payment into employers' trust fund.3309.53Written statement to employee of duties and obligations.3309.55Notifying board of personnel changes.3309.56Deductions; report.3309.57Transmission of contributions.3309.571Penalties.3309.59Levying additional taxes.3309.60Creation of funds - trustees.3309.61Each fund is separate legal entity.3309.62Estimating expenses annually.3309.63Merger of local pension system with school employees retirement system - procedure.3309.64Payment of accrued liability - interest - rate.3309.65Procedure for transfer of moneys and securities in event of merger.3309.66Tax exemptions.3309.661Acquiring vested right in pension when granted.3309.662Waiver of rights.3309.663Payroll deduction of membership dues and fees of retiree organizations.3309.67Restitution order based on theft in office or certain sex offenses.3309.671Order for division of marital property.3309.672Forfeiture of retirement benefits under RC 2929.192.3309.673Benefits subject to termination.3309.68Payment of amounts due retirement system from treasury.3309.69Group health care coverage for eligible individuals or dependents.3309.691Establishing programs for long term health care insurance.3309.692Additional deposits to fund medical expenses.3309.70Recovering erroneous payments.3309.73Credit for service in uniform retirement system.3309.731Transferred service credit from uniform retirement system.3309.74Transferring service credit and contributions between SERS and Cincinnati retirement system.3309.75Eligibility for credit for service in Cincinnati retirement system.3309.76Transferring contributions to Cincinnati retirement system.3309.80Rules for defined contribution plans.3309.81Establishment and administration of defined contribution plan.3309.811Qualification of plan as governmental plan for federal tax purposes.3309.812Qualification of plan as retirement system maintained by a state or local government entity for federal tax purposes.3309.813Maintaining individual account for each participant.3309.82Application of chapter to defined contribution plan.3309.85Contributions of members.3309.86Contributions of employers.3309.87Deposit and crediting of contributions.3309.88Transfer of portion of employer contribution to employers' trust fund to mitigate negative financial impact on system.3309.91Member rights governed by plan selected.3309.92Spousal consent or waiver.3309.95Right to payment or benefit vested.3309.97Deposits of members.3309.98Ceasing contributions.3309.99Penalty.