Ohio Revised Code Chapter 3305 - Alternative Retirement Plans

• Section 3305.01 - Alternative Retirement Program Definitions.
  As used in this chapter: (A) "Public institution of higher education" means a state university as defined in section 3345.011 of the Revised Code,...
• Section 3305.02 - Alternative Retirement Program.
  An alternative retirement program is hereby established in accordance with this chapter for the purpose of providing to eligible employees the opportunity of participating...
• Section 3305.03 - Ohio Board Of Regents To Designate Entities Eligible To Provide Investment Options; Periodic Reviews.
  (A) The Ohio board of regents shall designate the entities that are eligible to provide investment options under alternative retirement plans maintained by public...
• Section 3305.031 - Additional Procedures When Designating Or Reviewing A Vendor.
  (A) As part of the process established under section 3305.03 of the Revised Code for designating an entity as a vendor and conducting periodic...
• Section 3305.032 - Adoption Of Rules.
  The Ohio board of regents shall adopt rules as the board considers necessary to carry out its duties and responsibilities under this chapter. The...
• Section 3305.04 - Adoption Of Alternative Retirement Plan; Implementation.
  (A) The board of trustees of each public institution of higher education shall adopt an alternative retirement plan in accordance with this chapter. In...
• Section 3305.05 - Employees Who May Elect To Participate In Alternative Plan.
  (A) As used in this section and section 3305.051 of the Revised Code, "academic or administrative employee" means any full-time employee not receiving any...
• Section 3305.051 - Elections Made Prior To Effective Date.
  (A) This section applies only to elections made prior to the effective date of this amendment. (B) A person whose employment as an academic...
• Section 3305.052 - Returning Contributions To Selected Provider Where Employee Elects Alternative Program.
  (A) The state retirement system that covers the position held by an employee of a public institution of higher education who makes an election...
• Section 3305.053 - Selection And Change Of Providers Under Alternative Plan.
  The board of trustees of a public institution of higher education shall permit an employee who makes an election under section 3305.05 or 3305.051...
• Section 3305.06 - Employee And Employer Contributions.
  (A) Each electing employee shall contribute an amount, which shall be a certain percentage of the employee's compensation, to the provider of the investment...
• Section 3305.061 - Employer Payments To Mitigate Negative Financial Impact.
  Notwithstanding section 171.07 and division (D) of section 3305.06 of the Revised Code, the percentage of an electing employee's compensation contributed by a public...
• Section 3305.062 - Amount Of Coverage By Public Institution Of Higher Education.
  Notwithstanding section 171.07, division (D) of section 3305.06, and section 3305.061 of the Revised Code, the percentage of an electing employee's compensation contributed to...
• Section 3305.07 - Status And Liability Of State And Public Institution.
  (A) Neither the state nor a public institution of higher education shall be a party to any contract purchased in whole or in part...
• Section 3305.08 - [Effective Until 1/1/2016] Tax Exemption.
  Any payment, benefit, or other right accruing to any electing employee under a contract entered into for purposes of an alternative retirement plan and...
• Section 3305.08 - [Effective 1/1/2016] Tax Exemption.
  Any payment, benefit, or other right accruing to any electing employee under a contract entered into for purposes of an alternative retirement plan and...
• Section 3305.09 - Withholding Order To Pay Restitution For Sex Offense Or Theft In Office.
  (A) Any payment that is to be made under a contract entered into for purposes of funding an employee's alternative retirement plan benefit shall...
• Section 3305.10 - Consent Of Spouse Of Electing Employee Required Prior To Payment.
  If an electing employee is married at the time one or more payments are to commence under the retirement plan established under this chapter,...
• Section 3305.11 - Forfeiture Of Retirement Benefits Under Rc 2929.192.
  (A) Notwithstanding any other provision of this chapter, any payment of accumulated contributions standing to a person's credit under this chapter and any other...
• Section 3305.12 - Benefits Subject To Termination.
  Notwithstanding any other provision of an alternative retirement plan provided under this chapter, a disability benefit granted under the alternative retirement plan is subject...
• Section 3305.20 - Alternate Payee Entitled To Certain Information.
  As used in this section, "personal history record" means information maintained by the entity providing an alternative retirement plan on an individual who participates...
• Section 3305.21 - [Effective Until 1/1/2016] Orders For Division Of Marital Or Separate Property.
  (A) As used in this section, "alternate payee," "benefit," "lump sum payment," and "participant" have the same meanings as in section 3105.80 of the...
• Section 3305.21 - [Effective 1/1/2016] Orders For Division Of Marital Or Separate Property.
  (A) As used in this section, "alternate payee," "benefit," "lump sum payment," and "participant" have the same meanings as in section 3105.80 of the...
• Section 3305.22 - Repayment Or Recovery Of Amounts Paid To Alternate Payee.
  If a person who is a disability benefit recipient or an alternate payee, as defined in section 3105.80 of the Revised Code, is paid...
• Section 3305.99 - [Repealed].
  Effective Date: 01-01-1974

Last modified: October 10, 2016