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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.