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Ohio Revised Code

Chapter 742

Police And Fire Pension Fund

742.01Police and fire pension fund definitions 742.012Refund of contributions to Ohio police and fire pension fund exceeding salary benchmarks 742.013Definitions for "terminal pay" and "salary"742.02Creation and purpose of fund 742.03Board of trustees to administer and control fund 742.031Orientation program required for new members - continuing education 742.032Members with excessive travel expenses ineligible for another term 742.04Election of employee members, firefighter retirant member, and police retirant member 742.041No election if only one candidate nominated 742.042Candidate campaign finance statements - donor statement of independent expenditures 742.043Filing of statements - prohibited campaign activities 742.044Complaint alleging violation of RC 742.043 742.045Adoption of election rules - certification of nominating petitions and election results 742.046Disqualification of convicted member - misconduct in office - removal procedure 742.05Vacancy on board of trustees 742.06Oath or affirmation of office 742.07Meetings of board of trustees 742.071Video conference meetings 742.08Expenses - liability insurance 742.09Attorney general is legal counsel for board 742.091Actions; venue 742.10Powers of board 742.101Transfer expenses from guarantee fund to expense fund 742.102Travel expense policies - bonus policy - budget 742.103Ethics policy - commission approval - ethics training 742.104Chief investment officer - supervision duties - monitoring of securities transactions 742.105Selection of internal auditor 742.11Investment powers of board 742.111Prohibited business transactions 742.112Restrictions on fiduciaries 742.113Conflicts of interest 742.114Designation of Ohio-qualified agents - selection policy - utilization - annual report 742.115Annual disclosures to Ohio Ethics Commission 742.116Designation of Ohio-qualified investment managers - utilization - annual report 742.12Bonds purchased from taxing districts 742.13Record of proceedings between board and taxing district 742.14Actuarial valuation of pension assets, liabilities, and funding requirements of Ohio police and fire pension fund 742.15Collecting and retaining data 742.16Amortizing unfunded actuarial accrued pension liability 742.161Adjustment to age and years of service credit 742.17Form of application or election 742.21Service credit for membership in state or municipal retirement system 742.211Transfers of service credit and contributions between system and Cincinnati retirement system 742.212Eligibility for credit for service in Cincinnati retirement system 742.213Transferring contributions to Cincinnati retirement system 742.214Transferring contributions on deposit from non-uniform retirement system 742.22Restoration to active duty after receiving disability benefits 742.221Conditions for receiving credit for time spent on pregnancy or medical disability leave 742.23Municipal police department employee credit for service in fire department 742.24Municipal fire department employee credit for service in police department 742.25Member credit for service credit in former pension funds 742.251Credit for full time out-of-state or federal service 742.26Employment of OPFPF or other state retirement system retirant 742.27Purchasing service credit for lay off period 742.30Paying employer's accrued liability 742.301Penalty and interest on late payment of an employer's accrued liability 742.31Contribution by employee; adjustments by board 742.311Annual review of adequacy of contribution rates 742.32Reporting employee deductions 742.33Police officer employers' contribution 742.34Firefighter employers' contribution 742.35Payment of employer's contribution 742.351Notice of member's election to retire 742.352Failure to transmit certain reports and payments concerning deductions 742.353Failure to transmit certain reports and payments concerning retirement election 742.361Certification of amount required to be paid 742.362Annual payment in lieu of employer contribution 742.37Rules for disbursement of benefits and pensions 742.371Credit for time previously served in active full-time service of Ohio police or fire department 742.374Additional pension payments for retirees on and after 12-31-71 742.375Credit for time served in state highway patrol retirement system 742.376Credit for service as a full-time police officer or firefighter prior to 1-1-67 742.377Increasing survivor benefits 742.378Additional monthly payment 742.3710Increasing survivor benefits 742.3711Optional plans upon retirement 742.3712Increase in monthly pension, allowance or benefit effective 7-1-81 742.3713Increase in monthly benefit effective 11-15-81 742.3714Designating contingent dependent beneficiary 742.3715Election of retiree to change to optional plan 742.3716Annual increases in pension or benefits 742.3717Annual cost of living increase 742.3718Minimum pension or benefit 742.3719Increase in benefit or allowance when IRC 415 limits increased 742.3721Qualified governmental excess benefit arrangement maintained and established 742.38Minimum medical testing and diagnostic standards or procedures to be incorporated into physical examinations for prospective members 742.381Annual report disability retirement experience of each employer 742.39Eligibility for disability benefit 742.40Disability benefit recipient to agree to obtain recommended medical treatment 742.41Annual statement of funds 742.42Maintenance of individual account 742.43Deferred retirement option plan established 742.44Electing to participate in deferred retirement option plan 742.441Effect of electing to participate in deferred retirement option plan 742.442Determining pension amount if electing to participate in deferred retirement option plan 742.443Accrual of monthly pension amount, cost-of-living increases and member contributions if electing to participate in deferred retirement option plan 742.444Termination of participation in deferred retirement option plan 742.445Termination of participation in deferred retirement option plan because of acceptance of disability benefit 742.446Death benefit if electing to participate in deferred retirement option plan 742.447Verifying termination of active service 742.45Deduction from benefit payment for group health insurance 742.451Additional deposits to fund medical expenses 742.46Vested right to pension or benefit 742.461Restitution order based on theft in office or certain sex offenses 742.462Order for division of marital property 742.463Forfeiture of retirement benefits under RC 2929.192 742.464Benefits subject to termination 742.47Exemption from attachment, garnishment, levy, or seizure under any legal or equitable process 742.48Written notice of waiver 742.50Death benefit 742.51Election to transfer from public employees retirement system to police and fire pension fund 742.511Transfer of police officers of newly incorporated municipality prior to 12-1-83 742.512Transfer of police officers of newly incorporated municipality on or after 12-1-83 742.513Township officer assuming municipal status may transfer to fund 742.514Transfer of former Cincinnati park police officers to fund 742.515Firefighter's election to transfer from public employees retirement system 742.516Firefighter's election to transfer to public employees retirement system 742.52Purchasing military service credit 742.521Credit for military service 742.53Long term care insurance 742.54Volunteer firemen's relief and pension fund operation and maintenance 742.55Itemization of purchases and expenditures 742.56Payroll deduction plan for payments for service credits 742.57Payments by vouchers from state treasury 742.58Lump sum death benefit payment 742.59Creation of funds - trustees 742.60Funds to be separate and distinct legal entities 742.61Treasurer of state is custodian of police and fire pension fund 742.62Ohio public safety officers death benefit fund 742.63Adoption of rules for management of fund and disbursement of benefits 742.64Recovering erroneous payments 742.99Penalty