Effective: August 18, 2019
Latest Legislation: Senate Bill 221 - 132nd General Assembly
The general administration and the management of the state teachers retirement system is hereby vested in the state teachers retirement board, which shall adopt rules necessary for the fulfillment of its duties and responsibilities under Chapter 3307. of the Revised Code. The board shall adopt policies for the operation of the system, and the investment of funds as provided by section 3307.15 of the Revised Code, and may authorize its administrative officers, or committees composed of board members, to act for the board in accord with such policies.
The board may take all appropriate action to avoid payment by the system or its members of federal or state income taxes on contributions to the system or amounts earned on such contributions and to comply with any plan qualification requirements, including those on distributions, established under Title 26 of the United States Code.
The attorney general shall prescribe procedures for the adoption of rules authorized under this chapter, consistent with the provision of section 111.15 of the Revised Code under which all rules shall be filed in order to be effective. Such procedures shall establish methods by which notice of proposed rules is given to interested parties and rules adopted by the board published and otherwise made available. When it files a rule with the joint committee on agency rule review pursuant to section 111.15 of the Revised Code, the board shall submit to the Ohio retirement study council a copy of the full text of the rule, and if applicable, a copy of the rule summary and fiscal analysis required by division (B) of section 106.024 of the Revised Code.
All rules adopted pursuant to this chapter, prior to August 20, 1976, shall be published and made available to interested parties by January 1, 1977.
Structure Ohio Revised Code
Title 33 | Education-Libraries
Chapter 3307 | State Teachers Retirement System
Section 3307.01 | State Teachers Retirement System - Definitions.
Section 3307.03 | State Teachers Retirement System - Board.
Section 3307.031 | Composition of State Teachers Retirement System.
Section 3307.04 | General Administration and Management Vested in Board.
Section 3307.041 | Travel Expense Policies - Bonus Policy - Budget.
Section 3307.042 | Ethics Policy - Commission Approval - Ethics Training.
Section 3307.044 | Selection of Internal Auditor.
Section 3307.05 | Board Membership.
Section 3307.051 | Orientation Program Required for New Members - Continuing Education.
Section 3307.052 | Members With Excessive Travel Expenses Ineligible for Another Term.
Section 3307.06 | Board Elections.
Section 3307.061 | Disqualification of Convicted Member - Misconduct in Office - Removal Procedure.
Section 3307.07 | Procedure for Electing Board Members.
Section 3307.071 | No Election if Only One Candidate Nominated.
Section 3307.073 | Filing of Statements - Prohibited Campaign Activities.
Section 3307.074 | Complaint Alleging Violation of Rc 3307.073 - Procedure - Fine.
Section 3307.08 | Oath of Office.
Section 3307.091 | Digital Board Meeting Attendance.
Section 3307.10 | Expenses - Liability Insurance.
Section 3307.11 | Officers - Executive Director.
Section 3307.12 | Treasurer of State Is Custodian of Funds.
Section 3307.121 | Annual Statement of Amount of Funds Furnished by Treasurer.
Section 3307.13 | Legal Adviser.
Section 3307.131 | Actions; Venue.
Section 3307.14 | Creation of Funds - Trustees.
Section 3307.141 | Each Fund Is Separate Legal Entity.
Section 3307.142 | Interest Compounded Annually Credited to Accounts of Members and Funds.
Section 3307.143 | Discontinuation of Health Care Coverage; Transfer of Surplus.
Section 3307.15 | Investment and Fiduciary Duties of Board.
Section 3307.151 | Prohibited Business Transactions.
Section 3307.153 | Annual Disclosures to Ohio Ethics Commission.
Section 3307.154 | Designation of Ohio-Qualified Investment Managers - Utilization - Annual Report.
Section 3307.18 | Trustee or Employee of Board Shall Have No Interest in Profits nor Borrow Funds.
Section 3307.181 | Restrictions on Fiduciaries.
Section 3307.19 | Maintenance of Individual Account.
Section 3307.20 | Disclosure of Records.
Section 3307.21 | Notifying Teacher of Duties and Obligations Under Chapter.
Section 3307.211 | Certifying Names of Covered Employees.
Section 3307.212 | Notifying Board of Personnel Changes.
Section 3307.213 | Maintaining Records and Furnishing Assistance.
Section 3307.214 | Information to New Employees.
Section 3307.231 | Verifying Termination of Active Service.
Section 3307.24 | Denying Membership to Certain Classes of Teachers.
Section 3307.252 | Effect of Electing Strs Defined Contribution Plan.
Section 3307.26 | Contributions.
Section 3307.261 | Contributions During Disability Leave.
Section 3307.27 | Employer Pick Up of Teacher Contributions.
Section 3307.28 | Employer Contribution.
Section 3307.29 | Deductions Certified.
Section 3307.291 | Transmitting Payments Monthly.
Section 3307.292 | Failure of Employer to Transmit Amounts Due.
Section 3307.30 | Levying Additional Taxes.
Section 3307.31 | Deducting Employer Contributions From State Aid Moneys.
Section 3307.32 | Payment of Amounts Due Retirement System From Treasury.
Section 3307.33 | Termination of Membership.
Section 3307.35 | Employment of Retirant.
Section 3307.351 | Continuing Contributions to State System After Retirement.
Section 3307.352 | Retirant May Apply for Monthly Annuity or Lump Sum Payment.
Section 3307.354 | Superannuates or Other System Retirants.
Section 3307.37 | Restitution Order Based on Theft in Office or Certain Sex Offenses.
Section 3307.371 | Order for Division of Marital Property.
Section 3307.372 | Forfeiture of Retirement Benefits Under Rc 2929.192.
Section 3307.373 | Benefits Subject to Termination.
Section 3307.39 | Group Health Insurance Coverage for Retired Persons and Survivors.
Section 3307.391 | Establishing Programs for Long Term Health Care Insurance.
Section 3307.392 | Lump Sum Payment for Death Benefit.
Section 3307.393 | Additional Deposits to Fund Medical Expenses.
Section 3307.41 | Tax Exemptions.
Section 3307.42 | Acquiring Vested Right in Pension When Granted; Suspension of Benefits.
Section 3307.44 | Waiver of Rights.
Section 3307.46 | Increasing Pension, Benefit, or Allowance When Limits of 26 Usc 415 Are Raised.
Section 3307.461 | Establishing and Maintaining Qualified Governmental Excess Benefit Arrangement.
Section 3307.47 | Recovering Erroneous Payments.
Section 3307.48 | Disability Benefit Recipients.
Section 3307.50 | Defined Benefit Plan Definitions.
Section 3307.501 | Final Average Salary.
Section 3307.51 | Actuarial Valuation of Pension Assets, Liabilities, and Funding Requirements.
Section 3307.511 | Data Required for Preparation of Mortality and Service Tables.
Section 3307.512 | Amortizing Unfunded Actuarial Accrued Pension Liability.
Section 3307.513 | Annual Report Disability Retirement Experience of Each Employer.
Section 3307.52 | Service Credited at Retirement.
Section 3307.53 | Computing Service Credit.
Section 3307.56 | Payment to Member Who Ceases to Be a Teacher.
Section 3307.561 | Payments to Members Who Are Members of Another State Retirement System.
Section 3307.562 | Designation or Qualification of Beneficiaries.
Section 3307.563 | Interest Added to Withdrawn Contributions.
Section 3307.57 | Coordinating and Integrating Membership in State Retirement Systems.
Section 3307.58 | Eligibility for Service Retirement.
Section 3307.59 | Disability Allowance Recipient Applying for Service Retirement.
Section 3307.60 | Retirant May Elect Plan of Payment.
Section 3307.62 | Eligibility for Disability Benefits.
Section 3307.63 | Benefits Upon Disability Retirement.
Section 3307.631 | Annual Amount of Disability Allowance.
Section 3307.66 | Beneficiary May Substitute Other Benefits.
Section 3307.661 | Payment of Death Benefit.
Section 3307.67 | Cost of Living Increase.
Section 3307.671 | Establishing Temporary Supplemental Benefit Fund.
Section 3307.69 | Recalculating Benefits.
Section 3307.691 | Annual Lifetime Benefit.
Section 3307.692 | Annual Single Lifetime Benefit Based on 30 or More Years Service.
Section 3307.693 | Supplementing Allowance.
Section 3307.694 | Additional Allowance on or After 7-1-68.
Section 3307.695 | Additional Monthly Payment as of 12-31-71.
Section 3307.696 | Additional Monthly Payment Where Member Died Prior to 7-1-68.
Section 3307.697 | Additional Monthly Payment as of 12-19-73.
Section 3307.698 | Increase in Monthly Allowance, Pension or Benefit Effective 7-1-81.
Section 3307.699 | Increase in Benefits Established Prior to 2-1-83.
Section 3307.6910 | Increase in Benefits for Awards Prior to 7-1-79.
Section 3307.6911 | Recalculating Benefits to Counter Effect of Inflation.
Section 3307.6912 | Recalculating Retirement Allowances for Retirants Prior to 1945 and 1947.
Section 3307.6913 | Recalculating Annual Single Lifetime Benefit.
Section 3307.6914 | Recalculating Benefits Based on Cumulative Percentage Change in Cpi.
Section 3307.70 | Purchasing Service Credits.
Section 3307.701 | Payroll Deduction Plans.
Section 3307.71 | Restoring Service Credit.
Section 3307.711 | Payroll Deduction Plans - Restoring Pers or Sers Credit.
Section 3307.712 | Proceedings on Request for Restoration of Service Credit.
Section 3307.72 | Credit for Years of Service Where Employer Failed to Make Contributions.
Section 3307.73 | Purchase of Service Credit for Period of Self-Exemption.
Section 3307.74 | Credit for Prior Service - Comparable Public Position.
Section 3307.75 | Credit for Military Service.
Section 3307.751 | Purchasing Military Service Credit.
Section 3307.752 | Purchasing Uniformed Services Credit.
Section 3307.76 | Credit for Time Served in Other State Retirement Systems.
Section 3307.761 | Credit for Service in Uniform Retirement System.
Section 3307.763 | Eligibility for Credit for Service in Cincinnati Retirement System.
Section 3307.764 | Transferring Contributions to Cincinnati Retirement System.
Section 3307.765 | Transferred Service Credit From Uniform Retirement System.
Section 3307.77 | Purchasing Service Credit for Period of Approved Absence or Leave.
Section 3307.771 | Purchasing Service Credit for Time Spent on Pregnancy or Adoption.
Section 3307.78 | Purchasing Credit for Service as School Board Member.
Section 3307.80 | Rules for Defined Contribution Plans.
Section 3307.81 | Establishment and Administration of Defined Contribution Plan.
Section 3307.811 | Qualification of Plan for Federal Tax Purposes.
Section 3307.812 | Tax Exemptions and Deferrals.
Section 3307.83 | Member Rights Governed by Plan Selected.
Section 3307.86 | Furnishing Contributions and Information at More Frequent Intervals.