Ohio Revised Code Chapter 3307 - State Teachers Retirement System

• Section 3307.01 - [Effective Until 2/1/2016] State Teachers Retirement System - Definitions.
  As used in this chapter: (A) "Employer" means the board of education, school district, governing authority of any community school established under Chapter 3314....
• Section 3307.01 - [Effective 2/1/2016] State Teachers Retirement System - Definitions.
  As used in this chapter: (A) "Employer" means the board of education, school district, governing authority of any community school established under Chapter 3314....
• Section 3307.011 - [Repealed].
  Effective Date: 06-30-1991
• Section 3307.012 - [Repealed].
  Effective Date: 07-13-2000
• Section 3307.013 - Amended And Renumbered Rc 3307.501.
  Effective Date: 07-13-2000
• Section 3307.02 To 3307.022 - Amended And Renumbered Rc 3307.75 To 3307.752.
  Effective Date: 07-13-2000
• Section 3307.03 - State Teachers Retirement System - Board.
  A state teachers retirement system is hereby established for the teachers of the public schools of the state which includes the several funds created...
• Section 3307.031 - Composition Of State Teachers Retirement System.
  The state teachers retirement system shall consist of the STRS defined benefit plan and the STRS defined contribution plan. Amended by 129th General AssemblyFile...
• Section 3307.04 - General Administration And Management Vested In Board.
  The general administration and the management of the state teachers retirement system is hereby vested in the state teachers retirement board, which shall adopt...
• Section 3307.041 - Travel Expense Policies - Bonus Policy - Budget.
  The state teachers retirement board shall do all of the following: (A) In consultation with the Ohio ethics commission, review any existing policy regarding...
• Section 3307.042 - Ethics Policy - Commission Approval - Ethics Training.
  The state teachers retirement board shall, in consultation with the Ohio ethics commission, develop an ethics policy to govern board members and employees in...
• Section 3307.043 - Chief Investment Officer - Supervision Duties - Monitoring Of Securities Transactions.
  (A) The state teachers retirement board shall designate a person who is a licensed state retirement system investment officer to be the chief investment...
• Section 3307.044 - Selection Of Internal Auditor.
  The state teachers retirement board shall appoint a committee to oversee the selection of an internal auditor. The committee shall select one or more...
• Section 3307.05 - Board Membership.
  The state teachers retirement board shall consist of the following members: (A) The superintendent of public instruction or a designee of the superintendent who...
• Section 3307.051 - Orientation Program Required For New Members - Continuing Education.
  Each newly elected member of the state teachers retirement board and each individual appointed to fill a vacancy on the board, shall, not later...
• Section 3307.052 - Members With Excessive Travel Expenses Ineligible For Another Term.
  A person who served as an elected or appointed member of the state teachers retirement board for one or more entire fiscal years in...
• Section 3307.06 - Board Elections.
  (A) Annually on the first Monday of May, one contributing member, as defined in division (D) of section 3307.05 of the Revised Code, shall...
• Section 3307.061 - Disqualification Of Convicted Member - Misconduct In Office - Removal Procedure.
  (A) The office of a member of the state teachers retirement board who is convicted of or pleads guilty to a felony, a theft...
• Section 3307.07 - Procedure For Electing Board Members.
  All elections of members of the state teachers retirement board shall be held under the direction of the board in accordance with rules adopted...
• Section 3307.071 - No Election If Only One Candidate Nominated.
  Notwithstanding sections 3307.06 and 3307.07 of the Revised Code, the state teachers retirement board is not required to hold an election for a position...
• Section 3307.072 - Candidate Campaign Finance Statements - Donor Statement Of Independent Expenditures.
  (A) As used in this section: (1) "Campaign committee" means a candidate or a combination of two or more persons authorized by a candidate...
• Section 3307.073 - Filing Of Statements - Prohibited Campaign Activities.
  (A) No person shall knowingly fail to file a complete and accurate campaign finance statement or independent expenditure statement in accordance with section 3307.072...
• Section 3307.074 - Complaint Alleging Violation Of Rc 3307.073 - Procedure - Fine.
  The secretary of state, or any person acting on personal knowledge and subject to the penalties of perjury, may file a complaint with the...
• Section 3307.075 - Adoption Of Election Rules - Certification Of Nominating Petitions And Election Results.
  (A) The state teachers retirement board, after consultation with the secretary of state, shall adopt rules in accordance with Chapter 119. of the Revised...
• Section 3307.08 - Oath Of Office.
  Each member of the state teachers retirement board upon appointment or election shall take an oath of office that the member will support the...
• Section 3307.09 - Quorum.
  A majority of the members of the state teachers retirement board constitutes a quorum for the transaction of any business. All meetings of the...
• Section 3307.10 - Expenses - Liability Insurance.
  (A) The members of the state teachers retirement board shall serve without compensation, except that members shall be reimbursed from the expense fund for...
• Section 3307.11 - Officers - Executive Director.
  The state teachers retirement board shall elect from its membership, a chairperson and a vice-chairperson. The board shall employ an executive director who shall...
• Section 3307.111 - Amended And Renumbered Rc 3307.151.
  Effective Date: 07-13-2000
• Section 3307.12 - Treasurer Of State Is Custodian Of Funds.
  The treasurer of state shall be the custodian of the funds of the state teachers retirement system, and all disbursements therefrom shall be paid...
• Section 3307.121 - Annual Statement Of Amount Of Funds Furnished By Treasurer.
  The treasurer of state shall furnish annually to the state teachers retirement board a sworn statement of the amount of the funds in the...
• Section 3307.13 - Legal Adviser.
  The attorney general shall be the legal adviser of the state teachers retirement board. Effective Date: 10-01-1953
• Section 3307.14 - Creation Of Funds - Trustees.
  The state teachers retirement board shall be the trustee of certain funds hereby created as follows: (A) The "teachers' savings fund" is the fund...
• Section 3307.141 - Each Fund Is Separate Legal Entity.
  Wherever in this chapter, reference is made to the teachers' savings fund, the employers' trust fund, the annuity and pension reserve fund, the guarantee...
• Section 3307.142 - Interest Compounded Annually Credited To Accounts Of Members And Funds.
  (A) Interest compounded annually shall be credited to the accounts of members participating in the STRS defined benefit plan and to the various funds...
• Section 3307.143 - Discontinuation Of Health Care Coverage; Transfer Of Surplus.
  If the state teachers retirement board discontinues health care coverage authorized under section 3307.39 of the Revised Code, on satisfaction of all liabilities for...
• Section 3307.15 - Investment And Fiduciary Duties Of Board.
  (A) The members of the state teachers retirement board shall be the trustees of the funds created by section 3307.14 of the Revised Code....
• Section 3307.151 - Prohibited Business Transactions.
  The state teachers retirement system shall make no investments through, purchases from, or otherwise do any business with any individual who is, or any...
• Section 3307.152 - Designation Of Ohio-qualified Agents - Selection Policy - Increased Utilization - Annual Report.
  (A) As used in this section and in section 3307.154 of the Revised Code: (1) "Agent" means a dealer, as defined in section 1707.01...
• Section 3307.153 - Annual Disclosures To Ohio Ethics Commission.
  (A) The state teachers retirement system shall disclose the following to the Ohio ethics commission: (1) Anything of value received by the system from...
• Section 3307.154 - Designation Of Ohio-qualified Investment Managers - Utilization - Annual Report.
  (A) The state teachers retirement board shall, for the purposes of this section, designate an investment manager as an Ohio-qualified investment manager if the...
• Section 3307.16, 3307.17 - [Repealed].
  Effective Date: 11-13-1965
• Section 3307.18 - Trustee Or Employee Of Board Shall Have No Interest In Profits Nor Borrow Funds.
  No trustee and no employee of the state teachers retirement board shall have any interest, direct or indirect, in the gains or profits of...
• Section 3307.181 - Restrictions On Fiduciaries.
  (A) Except as provided in division (B) of this section, a fiduciary shall not cause the state teachers retirement system to engage in a...
• Section 3307.19 - Maintenance Of Individual Account.
  The state teachers retirement board shall provide for the maintenance of an individual account for each contributor showing the amount of the contributor's contributions...
• Section 3307.20 - Disclosure Of Records.
  (A) As used in this section: (1) "Personal history record" means information maintained by the state teachers retirement board on an individual who is...
• Section 3307.201 - Amended And Renumbered Rc 3307.512.
  Effective Date: 07-13-2000
• Section 3307.21 - Notifying Teacher Of Duties And Obligations Under Chapter.
  Each employer, before employing any teacher to whom this chapter applies, shall notify such person of the person's duties and obligations under this chapter...
• Section 3307.211 - Certifying Names Of Covered Employees.
  During September of each year, or at such other time as the state teachers retirement board approves, each employer shall certify to the board...
• Section 3307.212 - Notifying Board Of Personnel Changes.
  Each employer shall on the first day of each calendar month, or at such less frequent intervals as the state teachers retirement board approves,...
• Section 3307.213 - Maintaining Records And Furnishing Assistance.
  Each employer shall keep such records and shall furnish such information and assistance to the state teachers retirement board as it requires in the...
• Section 3307.214 - Information To New Employees.
  On receipt of notice under section 3307.212 of the Revised Code of the employment of a new teacher, the state teachers retirement system shall...
• Section 3307.22 - Amended And Renumbered Rc 3307.73.
  Effective Date: 07-13-2000
• Section 3307.23 - Statement To Be Filed By Employee Member.
  Each teacher, upon becoming employed, shall file a detailed statement of all the teacher's previous service as a teacher and of such other service...
• Section 3307.231 - Verifying Termination Of Active Service.
  To the extent to which it is used in determining the liability of any fund created by section 3307.14 of the Revised Code, the...
• Section 3307.24 - Denying Membership To Certain Classes Of Teachers.
  The state teachers retirement board may deny the right to contribute or the right to become members to any class of teachers whose compensation...
• Section 3307.241 - Local District Pension System Excluded From Membership.
  Members of a local district pension system maintained under the laws of the state from appropriations or contributions made wholly or in part by...
• Section 3307.25 - Electing Defined Benefit Or Defined Contribution Plan; Election To Cease Participation.
  (A) An individual who becomes a member of the state teachers retirement system on or after the date on which the state teachers retirement...
• Section 3307.251 - Employee With Less Than 5 Years Of Service Electing To Participate In Strs Defined Contribution Plan.
  As used in this section, "accumulated contributions" and "total service credit" have the same meanings as in section 3307.50 of the Revised Code. (A)...
• Section 3307.252 - Effect Of Electing Strs Defined Contribution Plan.
  A member of the state teachers retirement system who elects to participate in an STRS defined contribution plan shall be ineligible for any benefit...
• Section 3307.26 - Contributions.
  (A) Each teacher shall contribute a certain per cent of the teacher's earned compensation, except that the per cent shall be not greater than...
• Section 3307.261 - Contributions During Disability Leave.
  Except as otherwise provided in section 124.385 of the Revised Code, any teacher who is granted disability leave pursuant to a program sponsored by...
• Section 3307.27 - Employer Pick Up Of Teacher Contributions.
  The contributions required under section 3307.26 of the Revised Code may be paid by the employer in accordance with division (h) of section 414...
• Section 3307.28 - Employer Contribution.
  Each employer shall pay annually to the state teachers retirement system an amount certified by the secretary which shall be a certain per cent...
• Section 3307.281 To 3307.283 - Amended And Renumbered Rc 3307.70, 3307.711, 3307.712.
  Effective Date: 07-13-2000
• Section 3307.29 - Deductions Certified.
  Each employer shall cause to be deducted, on each payroll of a contributor for each payroll period, the contribution payable by such contributor as...
• Section 3307.291 - Transmitting Payments Monthly.
  The treasurer of each employer, on receipt from the employer of the voucher for deductions from the compensation of teachers and for the contributions...
• Section 3307.292 - Failure Of Employer To Transmit Amounts Due.
  The state teachers retirement board shall adopt rules establishing penalties to be paid by employers who fail to transmit to the state teachers retirement...
• Section 3307.30 - Levying Additional Taxes.
  Employers who obtain funds directly by taxation shall levy annually such additional taxes as are required to provide the additional funds necessary to meet...
• Section 3307.31 - Deducting Employer Contributions From State Aid Moneys.
  (A) Payments by boards of education and governing authorities of community schools to the state teachers retirement system, as provided in sections 3307.29 and...
• Section 3307.311 - Amended And Renumbered Rc 3307.78.
  Effective Date: 07-13-2000
• Section 3307.32 - Payment Of Amounts Due Retirement System From Treasury.
  All amounts due the state teachers retirement system from the state treasury pursuant to this chapter shall be promptly paid upon warrant of the...
• Section 3307.33 - Termination Of Membership.
  Membership in the state teachers retirement system shall cease on occurrence of any of the following: receipt of payment pursuant to section 3307.56 of...
• Section 3307.34 - [Repealed].
  Effective Date: 07-13-2000
• Section 3307.35 - Employment Of Retirant.
  (A) As used in this section and section 3307.352 of the Revised Code, "other system retirant" means either of the following: (1) A member...
• Section 3307.351 - Continuing Contributions To State System After Retirement.
  (A) As used in this section: (1) In addition to the meaning in section 3307.01 of the Revised Code, when appropriate "compensation" has the...
• Section 3307.352 - Retirant May Apply For Monthly Annuity Or Lump Sum Payment.
  For purposes of this section, "superannuate" includes a member who retired under section 3307.351 of the Revised Code. (A) Except as provided in division...
• Section 3307.353 - Reemployed Superannuate Or Rehire In Position Filled By Vote Of Members Of Board Or Commission.
  (A) This section applies in the case of a person who is or most recently has been employed by an employer in a position...
• Section 3307.36 - Amended And Renumbered Rc 3307.52.
  Effective Date: 07-13-2000
• Section 3307.37 - Restitution Order Based On Theft In Office Or Certain Sex Offenses.
  (A) Notwithstanding any other provision of this chapter, any payment that is to be made under a pension, annuity, allowance, or other type of...
• Section 3307.371 - [Effective Until 1/1/2016] Order For Division Of Marital Property.
  (A) As used in this section, "alternate payee," "benefit," "lump sum payment," "participant," and "public retirement program" have the same meanings as in section...
• Section 3307.371 - [Effective 1/1/2016] Order For Division Of Marital Property.
  (A) As used in this section, "alternate payee," "benefit," "lump sum payment," "participant," and "public retirement program" have the same meanings as in section...
• Section 3307.372 - 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 3307.373 - Benefits Subject To Termination.
  Notwithstanding any other provision of this chapter, a disability benefit granted under this chapter is subject to an order issued under section 2929.193 of...
• Section 3307.38 To 3307.384 - Amended And Renumbered Rc 3307.58, 3307.35, 3307.691, 3307.79, 3307.692.
  Effective Date: 07-13-2000
• Section 3307.39 - Group Health Insurance Coverage For Retired Persons And Survivors.
  (A) The state teachers retirement board may enter into an agreement with insurance companies, health insuring corporations, or government agencies authorized to do business...
• Section 3307.391 - Establishing Programs For Long Term Health Care Insurance.
  The state teachers retirement board may establish a program under which members of the state teachers retirement system, employers on behalf of members, and...
• Section 3307.392 - Lump Sum Payment For Death Benefit.
  The state teachers retirement board may establish a death benefit plan providing for a lump sum payment to eligible beneficiaries, in addition to the...
• Section 3307.393 - Additional Deposits To Fund Medical Expenses.
  As used in this section, "STRS defined benefit plan" means the plan established under sections 3307.50 to 3307.79 of the Revised Code and "STRS...
• Section 3307.40 - Amended And Renumbered Rc 3307.392.
  Effective Date: 07-13-2000
• Section 3307.401 To 3307.4013 - Amended And Renumbered Rc 3307.693, 3307.694, 3307.67, 3307.695, 3307.61, 3307.696, 3307.697, 3307.671, 3307.698, 3307.699, 3307.6910, 3307.46, 3307.6911.
  Effective Date: 07-13-2000
• Section 3307.41 - [Effective Until 1/1/2016] Tax Exemptions.
  The right of an individual to a pension, an annuity, or a retirement allowance itself, the right of an individual to any optional benefit,...
• Section 3307.41 - [Effective 1/1/2016] Tax Exemptions.
  The right of an individual to a pension, an annuity, or a retirement allowance itself, the right of an individual to any optional benefit,...
• Section 3307.411, 3307.412 - Amended And Renumbered Rc 3307.76, 3307.761.
  Effective Date: 07-13-2000
• Section 3307.42 - Acquiring Vested Right In Pension When Granted; Suspension Of Benefits.
  (A) Except as provided in section 3307.373 of the Revised Code, the granting to any person of an allowance, annuity, pension, or other benefit...
• Section 3307.421 - Amended And Renumbered Rc 3307.513.
  Effective Date: 07-13-2000
• Section 3307.43, 3307.431 - Amended And Renumbered Rc 3307.63, 3307.631.
  Effective Date: 07-13-2000
• Section 3307.44 - Waiver Of Rights.
  (A) Any person who is receiving an allowance, as defined in section 3307.50 of the Revised Code, benefit, or increase under this chapter may,...
• Section 3307.45 - [Repealed].
  Effective Date: 11-20-1973
• Section 3307.46 - Increasing Pension, Benefit, Or Allowance When Limits Of 26 Usc 415 Are Raised.
  Whenever the limits established by section 415 of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 415, as amended, are raised,...
• Section 3307.461 - Establishing And Maintaining Qualified Governmental Excess Benefit Arrangement.
  The state teachers retirement board may establish and maintain a qualified governmental excess benefit arrangement that meets the requirements of division (m) of section...
• Section 3307.47 - Recovering Erroneous Payments.
  (A) If a person is paid any benefit or payment by the state teachers retirement system under the plans described in section 3307.031 of...
• Section 3307.48 - Disability Benefit Recipients.
  (A) As used in this section, "disability benefit recipient" means a recipient of a disability benefit under any of the following: (1) Section 3307.63...
• Section 3307.49 - Amended And Renumbered Rc3307.66.
  Effective Date: 07-13-2000
• Section 3307.50 - Defined Benefit Plan Definitions.
  As used in sections 3307.50 to 3307.79 of the Revised Code: (A) "Prior service" means all service as a teacher before September 1, 1920,...
• Section 3307.501 - Final Average Salary.
  (A) As used in this section, "percentage increase" means the percentage that an increase in compensation is of the compensation paid prior to the...
• Section 3307.51 - Actuarial Valuation Of Pension Assets, Liabilities, And Funding Requirements.
  (A) The state teachers retirement board shall have prepared annually by or under the supervision of an actuary an actuarial valuation of the pension...
• Section 3307.511 - Data Required For Preparation Of Mortality And Service Tables.
  The state teachers retirement board shall collect and keep in convenient form such data as is necessary for the preparation of the required mortality...
• Section 3307.512 - Amortizing Unfunded Actuarial Accrued Pension Liability.
  The state teachers retirement board shall establish a period of not more than thirty years to amortize the state teachers retirement system's unfunded actuarial...
• Section 3307.513 - Annual Report Disability Retirement Experience Of Each Employer.
  Not later than September 1, 2000, and each first day of September thereafter, the state teachers retirement board shall make and submit a report...
• Section 3307.514 - [Repealed].
  Effective Date: 07-13-2000
• Section 3307.515 - Amended And Renumbered Rc 3307.771.
  Effective Date: 07-13-2000
• Section 3307.52 - Service Credited At Retirement.
  At the time of retirement under the STRS defined benefit plan , the total service credited a teacher shall consist of all the teacher's...
• Section 3307.53 - Computing Service Credit.
  The state teachers retirement board shall credit a year of service to any teacher participating in the STRS defined benefit plan who is employed...
• Section 3307.54 - [Repealed].
  Repealed by 129th General AssemblyFile No.147, SB 342, §2, eff. 7/31/2014. Effective Date: 04-01-2001
• Section 3307.55 - [Repealed].
  Effective Date: 09-16-1957
• Section 3307.56 - Payment To Member Who Ceases To Be A Teacher.
  (A) (1) Subject to section 3307.37 of the Revised Code and except as provided in division (B)(2) of this section, a member participating in...
• Section 3307.561 - Payments To Members Who Are Members Of Another State Retirement System.
  (A) As used in this section, "other retirement system" means the public employees retirement system or the school employees retirement system. (B) Except as...
• Section 3307.562 - Designation Or Qualification Of Beneficiaries.
  (A) As used in this section and section 3307.66 of the Revised Code: (1) "Child" means a biological or legally adopted child of a...
• Section 3307.563 - Interest Added To Withdrawn Contributions.
  For the purposes of this section, "service credit" includes only service credit obtained pursuant to sections 3307.53, 3307.71, 3307.712, 3307.72, and 3307.77 of the...
• Section 3307.57 - Coordinating And Integrating Membership In State Retirement Systems.
  To coordinate and integrate membership in the state retirement systems, the following provisions apply: (A) As used in this section: (1) "Retirement systems" means...
• Section 3307.58 - Eligibility For Service Retirement.
  (A) As used in this section, "qualifying service credit" means credit earned under section 3307.53 or for which contributions were made under section 145.47...
• Section 3307.59 - Disability Allowance Recipient Applying For Service Retirement.
  (A) A recipient of a disability allowance under section 3307.631 of the Revised Code whose allowance will terminate under that section may make application...
• Section 3307.60 - Retirant May Elect Plan Of Payment.
  (A) Upon application for retirement as provided in section 3307.58 or 3307.59 of the Revised Code, the retirant may elect a plan of payment...
• Section 3307.61 - [Repealed].
  Repealed by 129th General AssemblyFile No.147, SB 342, §2, eff. 1/7/2013. Effective Date: 07-13-2000
• Section 3307.62 - Eligibility For Disability Benefits.
  As used in this section, "qualifying service credit" has the same meaning as in section 3307.58 of the Revised Code. (A) The state teachers...
• Section 3307.63 - Benefits Upon Disability Retirement.
  A member participating in the STRS defined benefit plan who has elected disability coverage under this section, has not attained age sixty, and is...
• Section 3307.631 - Annual Amount Of Disability Allowance.
  (A) A member participating in the STRS defined benefit plan who has disability coverage under this section and is determined by the state teachers...
• Section 3307.64 - [Renumbered].
  Renumbered as § 3307.48 by 129th General AssemblyFile No.147, SB 342, §1, eff. 1/7/2013. Amended by 129th General AssemblyFile No.28, HB 153, §101.01, eff....
• Section 3307.65, 3307.651 - Amended And Renumbered Rc 3307.14, 3307.142.
  Effective Date: 07-13-2000
• Section 3307.66 - Beneficiary May Substitute Other Benefits.
  (A) As used in this section: (1) "Physically or mentally incompetent" means incapable of earning a living because of a physically or mentally disabling...
• Section 3307.661 - Payment Of Death Benefit.
  On the death of a retirant or disability benefit recipient who at the time of death is receiving, under the STRS defined benefit plan...
• Section 3307.67 - Cost Of Living Increase.
  (A) Except as provided in divisions (D) and (E) of this section, the state teachers retirement board shall annually increase each allowance or benefit...
• Section 3307.671 - Establishing Temporary Supplemental Benefit Fund.
  In December 1980, and in December of each year thereafter, the state teachers retirement board may allocate an amount from the guarantee fund created...
• Section 3307.68 - Amended And Renumbered Rc 3307.96.
  Effective Date: 07-13-2000
• Section 3307.69 - Recalculating Benefits.
  (A) On and after the first day of the month following December 14, 1992, each person eligible to receive a benefit, pursuant to former...
• Section 3307.691 - Annual Lifetime Benefit.
  On and after August 20, 1976, the allowances of retirants receiving benefits based upon an award from the state teachers retirement system made before...
• Section 3307.692 - Annual Single Lifetime Benefit Based On 30 Or More Years Service.
  A retirant who on August 6, 1997, is eligible to receive an annual single lifetime benefit under former section 3307.38, 3307.41, or 3307.50 of...
• Section 3307.693 - Supplementing Allowance.
  On and after October 1, 1957, all persons in receipt of, or who are or become eligible to receive, a monthly allowance, pension, or...
• Section 3307.694 - Additional Allowance On Or After 7-1-68.
  On and after July 1, 1968, all allowances, pensions, or other benefits which were payable before July 1, 1968, pursuant to the provisions of...
• Section 3307.695 - Additional Monthly Payment As Of 12-31-71.
  On and after December 31, 1971, all persons who retired and were eligible to receive a pension that was payable prior to July 1,...
• Section 3307.696 - Additional Monthly Payment Where Member Died Prior To 7-1-68.
  Each person receiving benefits under former section 3307.49 of the Revised Code who became eligible to receive such benefits under former section 3307.48 of...
• Section 3307.697 - Additional Monthly Payment As Of 12-19-73.
  On and after December 19, 1973, any person who retired or the retiree's beneficiary, who was eligible to receive an allowance that was first...
• Section 3307.698 - Increase In Monthly Allowance, Pension Or Benefit Effective 7-1-81.
  (A) Effective July 1, 1981, each person eligible to receive an allowance, pension, or benefit pursuant to former sections 3307.38, 3307.41, 3307.43, division (C)(1)...
• Section 3307.699 - Increase In Benefits Established Prior To 2-1-83.
  As used in this section and section 3307.6910 of the Revised Code, "benefit" means any allowance, pension, or other benefit to which an individual...
• Section 3307.6910 - Increase In Benefits For Awards Prior To 7-1-79.
  (A) The annual amount of each benefit that was based on an award made effective before July 1, 1979, shall be increased as follows:...
• Section 3307.6911 - Recalculating Benefits To Counter Effect Of Inflation.
  (A) As used in this section: (1) "Benefit" means a benefit, pension, or allowance payable under former section 3307.38, 3307.41, 3307.43, 3307.431, 3307.49, or...
• Section 3307.6912 - Recalculating Retirement Allowances For Retirants Prior To 1945 And 1947.
  Effective September 1, 1947, the retirement allowances of retired Ohio teachers, or their beneficiaries under options elected at retirement and still in effect, on...
• Section 3307.6913 - Recalculating Annual Single Lifetime Benefit.
  (A) As used in this section and in section 3307.6914 of the Revised Code, "eligible recipient" means any person receiving a benefit on July...
• Section 3307.6914 - Recalculating Benefits Based On Cumulative Percentage Change In Cpi.
  (A) As used in this section: (1) "Cumulative percentage change in the CPI" means the total percentage change in the consumer price index prepared...
• Section 3307.70 - Purchasing Service Credits.
  (A) A member of the state teachers retirement system who elects to purchase service credit described in section 3307.73, 3307.74, 3307.751, 3307.76, 3307.771, or...
• Section 3307.701 - Payroll Deduction Plans.
  (A) The state teachers retirement board may establish by rule payroll deduction plans for payment of the following: (1) The cost of restoring service...
• Section 3307.71 - Restoring Service Credit.
  (A) (1) Except as provided in this section, section 3305.05, or section 3305.051 of the Revised Code, a member or former member of the...
• Section 3307.711 - Payroll Deduction Plans - Restoring Pers Or Sers Credit.
  (A) A member of the state teachers retirement system who has at least eighteen months of contributing service credit in the system, the police...
• Section 3307.712 - Proceedings On Request For Restoration Of Service Credit.
  After receiving a request from the public employees retirement system under division (A) of section 145.311 or the school employees retirement system under division...
• Section 3307.72 - Credit For Years Of Service Where Employer Failed To Make Contributions.
  The state teachers retirement board shall credit years of service to a member participating in the STRS defined benefit plan who was employed for...
• Section 3307.73 - Purchase Of Service Credit For Period Of Self-exemption.
  (A) As used in this section, "paying system" and "transferring system" have the same meanings as in section 3307.57 of the Revised Code. (B)...
• Section 3307.74 - Credit For Prior Service - Comparable Public Position.
  (A) Service credit may be purchased under section 3307.70 of the Revised Code by a member participating in the STRS defined benefit plan for...
• Section 3307.741 - [Repealed].
  Repealed by 129th General AssemblyFile No.147, SB 342, §2, eff. 1/7/2013. Effective Date: 07-13-2000
• Section 3307.75 - Credit For Military Service.
  (A) As used in this section, "armed forces" of the United States includes both: (1) Army, navy, air force, marine corps, coast guard, auxiliary...
• Section 3307.751 - Purchasing Military Service Credit.
  (A) (1) A member participating in the STRS defined benefit plan may purchase service credit under section 3307.70 of the Revised Code for each...
• Section 3307.752 - Purchasing Uniformed Services Credit.
  (A) As used in this section: (1) "Service in the uniformed services" means the performance of duty on a voluntary or involuntary basis in...
• Section 3307.76 - Credit For Time Served In Other State Retirement Systems.
  A member of the state teachers retirement system participating in the STRS defined benefit plan shall, in computing years of total service, be given...
• Section 3307.761 - Credit For Service In Uniform Retirement System.
  (A) As used in this section and section 3307.765 of the Revised Code: (1) "Uniform retirement system" or "uniform system" means the Ohio police...
• Section 3307.762 - Transferring Service Credit And Contributions Between Sters And Cincinnati Retirement System.
  (A) As used in this section and sections 3307.763 and 3307.764 of the Revised Code, "military service credit" means credit purchased or obtained under...
• Section 3307.763 - Eligibility For Credit For Service In Cincinnati Retirement System.
  (A) If the conditions described in division (B) of section 3307.762 of the Revised Code are met, a member of the state teachers retirement...
• Section 3307.764 - Transferring Contributions To Cincinnati Retirement System.
  (A) If the conditions described in division (B) of section 3307.762 of the Revised Code are met and a person who is a member...
• Section 3307.765 - Transferred Service Credit From Uniform Retirement System.
  (A) As used in this section, "transferred service credit" means service credit purchased or obtained under section 742.21, 742.214, 742.375, 5505.201, 5505.40, or 5505.41...
• Section 3307.77 - Purchasing Service Credit For Period Of Approved Absence Or Leave.
  (A) As used in this section, "employer" means the employer employing a member of the state teachers retirement system at the time the member...
• Section 3307.771 - Purchasing Service Credit For Time Spent On Pregnancy Or Adoption.
  As used in this section, "regular employment" means a consistent pattern of employment for twelve or more consecutive weeks by the same employer during...
• Section 3307.78 - Purchasing Credit For Service As School Board Member.
  (A) As used in this section, "school board member" means a member of a city, local, exempted village, or joint vocational school district board...
• Section 3307.79 - Years Of Service Credit Of Deceased Member Dying Prior To 7-1-73 - Right Of Survivor To Purchase Service Credit.
  (A) A member whose death occurred prior to July 1, 1973, who at the time of death had more than thirty-four but less than...
• Section 3307.80 - Rules For Defined Contribution Plans.
  The state teachers retirement board shall adopt rules to implement any STRS defined contribution plan established under section 3307.81 of the Revised Code. Amended...
• Section 3307.81 - Establishment And Administration Of Defined Contribution Plan.
  The state teachers retirement board shall establish one or more defined contribution plans consisting of benefit options that provide for an individual account for...
• Section 3307.811 - Qualification Of Plan For Federal Tax Purposes.
  An STRS defined contribution plan shall meet the requirements necessary to qualify as a retirement system maintained by a state or local government entity...
• Section 3307.812 - Tax Exemptions And Deferrals.
  In establishing an STRS defined contribution plan , the state teachers retirement board may do all things necessary to avoid the system being required...
• Section 3307.83 - Member Rights Governed By Plan Selected.
  The right of each member participating in an STRS defined contribution plan to a retirement, disability, or survivor benefit, to health care insurance coverage,...
• Section 3307.84 - Transfer Of Portion Of Employer Contribution To Employers' Trust Fund To Mitigate Negative Financial Impact On System.
  For each member participating in an STRS defined contribution plan , the state teachers retirement system may transfer to the employers' trust fund a...
• Section 3307.86 - Furnishing Contributions And Information At More Frequent Intervals.
  The state teachers retirement system may require members participating in an STRS defined contribution plan and their employers to furnish the contributions and information...
• Section 3307.87 - Spousal Consent Or Waiver.
  (A) (1) If a member participating in an STRS defined contribution plan is married at the time any benefits under the plan commence, benefits...
• Section 3307.88 - [Repealed].
  Repealed by 129th General AssemblyFile No.147, SB 342, §2, eff. 1/7/2013. Effective Date: 07-13-2000
• Section 3307.881 - [Repealed].
  Repealed by 129th General AssemblyFile No.147, SB 342, §2, eff. 1/7/2013. Effective Date: 07-13-2000
• Section 3307.882 - [Repealed].
  Repealed by 129th General AssemblyFile No.147, SB 342, §2, eff. 1/7/2013. Effective Date: 07-13-2000
• Section 3307.89 - Offering Participation In Defined Contribution Plan To Members In Defined Benefit Plan.
  The state teachers retirement board may offer to members participating in the STRS defined benefit plan the opportunity to also participate in one or...
• Section 3307.96 - Merger Of Local Pension System With State Teachers Retirement System - Procedure.
  If a local district pension system votes to merge with the state teachers retirement system as provided in section 3307.241 of the Revised Code,...
• Section 3307.97 - Payments Of Accrued Liability.
  That part of the accrued liability, due on account of pensions to pensioners already on the rolls of the local district pension system, referred...
• Section 3307.98 - Procedure For Transfer Of Moneys And Securities In Event Of Merger.
  The increasing contribution determined as provided in sections 3307.96 and 3307.97 of the Revised Code by the actuary shall be paid by the employer....
• Section 3307.99 - Penalty.
  (A) Whoever violates division (A) of section 3307.073 of the Revised Code shall be fined not more than one hundred dollars for each day...

Last modified: October 10, 2016