Ohio Revised Code
Chapter 3309 | Public School Employees Retirement System
Section 3309.812 | Qualification of Plan as Retirement System Maintained by a State or Local Government Entity for Federal Tax Purposes.

Effective: April 9, 2001
Latest Legislation: Senate Bill 270 - 123rd General Assembly
Each plan established under section 3309.81 of the Revised Code shall meet the requirements necessary to qualify as a retirement system maintained by a state or local government entity under section 3121(b)(7)(F) of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 3121(b)(7)(F), as amended. Each participant in a plan shall qualify as a member of that system.

Structure Ohio Revised Code

Ohio Revised Code

Title 33 | Education-Libraries

Chapter 3309 | Public School Employees Retirement System

Section 3309.01 | Public School Employees Retirement System Definitions.

Section 3309.011 | Exclusions From Definition of Employee.

Section 3309.012 | Board Member to Elect Whether to Become Member of System.

Section 3309.013 | Exclusions From Definition of Employee Under Orc Section 3309.01.

Section 3309.02 | Credit for Military Service.

Section 3309.021 | Purchasing Military Service Credit.

Section 3309.022 | Purchasing Uniformed Services Credit.

Section 3309.03 | School Employees Retirement System - Board.

Section 3309.031 | System Consists of Plans Established by Chapter.

Section 3309.04 | General Administration and Management Vested in Board.

Section 3309.041 | Travel Expense Policies - Bonus Policy - Budget.

Section 3309.042 | Ethics Policy - Commission Approval - Ethics Training.

Section 3309.043 | Chief Investment Officer - Supervision Duties - Monitoring of Securities Transactions.

Section 3309.044 | Selection of Internal Auditor.

Section 3309.05 | Board Membership.

Section 3309.051 | Orientation Program Required for New Members - Continuing Education.

Section 3309.052 | Members With Excessive Travel Expenses Ineligible for Another Term.

Section 3309.06 | Board Elections.

Section 3309.061 | Disqualification of Convicted Member - Misconduct in Office - Removal Procedure.

Section 3309.07 | Electing Employee and Retirant Members.

Section 3309.071 | Board Elections.

Section 3309.072 | Candidate Campaign Finance Statements - Donor Statement of Independent Expenditures.

Section 3309.073 | Filing of Statements - Prohibited Campaign Activities.

Section 3309.074 | Complaint Alleging Violation of Rc 3309.073 - Procedure - Fine.

Section 3309.075 | Adoption of Election Rules - Certification of Nominating Petitions and Election Results.

Section 3309.08 | Oath of Office.

Section 3309.09 | Quorum.

Section 3309.10 | Service on Board; Reimbursement for Employer; Expenses; Liability Insurance.

Section 3309.11 | Officers - Executive Director.

Section 3309.12 | Treasurer of State Is Custodian of Funds.

Section 3309.13 | Legal Adviser.

Section 3309.14 | Technical and Administrative Employees - Retirement Applications.

Section 3309.15 | Investment and Fiduciary Duties of Board.

Section 3309.155 | Prohibited Business Transactions.

Section 3309.156 | Restrictions on Fiduciaries.

Section 3309.157 | Designation of Ohio-Qualified Agents - Selection Policy - Utilization - Annual Report.

Section 3309.158 | Annual Disclosures to Ohio Ethics Commission.

Section 3309.159 | Designation of Ohio-Qualified Investment Managers - Utilization - Annual Report.

Section 3309.16 | Denomination or Consolidation of Bonds.

Section 3309.17 | Record of Proceedings Between Board and Taxing District.

Section 3309.18 | Interest Credited Annually.

Section 3309.19 | Trustee or Employee of Board Shall Have No Interest in Profits nor Borrow Funds.

Section 3309.20 | Maintenance of Individual Account.

Section 3309.21 | Actuarial Valuation of Pension Assets, Liabilities, and Funding Requirements.

Section 3309.211 | Amortizing Unfunded Actuarial Accrued Pension Liability.

Section 3309.212 | Study to Determine Percentage of Electing Employee's Compensation to Be Contributed by Public Institution of Higher Education.

Section 3309.22 | Annual Statement of Funds.

Section 3309.23 | Contributors to School Employees Retirement System.

Section 3309.24 | Members of Local District Pension System Excluded From Membership - Membership by Petition.

Section 3309.25 | Information to New Employees.

Section 3309.251 | Electing Defined Benefit or Defined Contribution Plan.

Section 3309.252 | Employee With Less Than 5 Years of Service Electing to Participate in Defined Contribution Plan.

Section 3309.253 | Effect of Electing Defined Contribution Plan.

Section 3309.26 | Restoring Service Credit.

Section 3309.261 | Payroll Deduction Plans - Restoring Pers or Sters Credit.

Section 3309.262 | Proceedings on Request for Restoration of Service Credit.

Section 3309.27 | Payroll Deduction Plans.

Section 3309.28 | Statement to Be Filed by Employee Member.

Section 3309.29 | Verifying Termination of Active Service.

Section 3309.30 | Service Credit.

Section 3309.301 | Purchase of Service Credit for Period of Self-Exemption.

Section 3309.31 | Credit for Prior Service - Comparable Public Position.

Section 3309.311 | Purchasing Credit for Service as School Board Member.

Section 3309.312 | University of Akron Law Enforcement Officers Electing Transfer to Public Employees Retirement System.

Section 3309.32 | Prior Service Credit.

Section 3309.33 | Retirement Incentive Plan.

Section 3309.34 | Eligibility for Service Retirement.

Section 3309.341 | Employment of Retirant.

Section 3309.343 | Continuing Contributions to State System After Retirement.

Section 3309.344 | Retirant May Apply for Monthly Annuity or Lump Sum Payment.

Section 3309.345 | Reemployed Superannuate or Rehire in Position Filled by Vote of Members of Board or Commission.

Section 3309.35 | Coordinating and Integrating Membership in State Retirement Systems.

Section 3309.353 | Increase in Benefits Established Prior to 2/1/1983.

Section 3309.354 | Increase in Benefits Where Eligibility Established Prior to 9-9-88.

Section 3309.36 | Allowances for Service Retirement.

Section 3309.361 | Annual Lifetime Benefit.

Section 3309.362 | Increase in Annual Amount of Benefit Effective 7-1-81.

Section 3309.374 | Cost of Living Increase.

Section 3309.375 | Benefits Equivalent to Medicare.

Section 3309.376 | Additional Monthly Payment as of 12-31-71.

Section 3309.377 | Additional Monthly Payment Where Member Died Prior to 7-1-68.

Section 3309.378 | Additional Monthly Payment as of 12-19-73.

Section 3309.379 | Recalculating Benefits.

Section 3309.3710 | Increase in Monthly Allowance, Pension or Benefit Effective 7-1-81.

Section 3309.3711 | Increasing Pension, Benefit, or Allowance When Limits of 26 Usc 415 Are Raised.

Section 3309.3712 | Establishing and Maintaining Qualified Governmental Excess Benefit Arrangement.

Section 3309.381 | Disability Allowance Recipient Applying for Service Retirement.

Section 3309.39 | Providing Disability Coverage for On-Duty Illness or Injury.

Section 3309.391 | Annual Report Disability Retirement Experience of Each Employer.

Section 3309.392 | Social Security Disability Insurance Benefits.

Section 3309.40 | Benefits Upon Disability Retirement.

Section 3309.401 | Annual Amount of Disability Allowance.

Section 3309.41 | Disability Benefit Recipient to Retain Membership Status.

Section 3309.42 | Payment to Member Who Ceases to Be a Public Employee.

Section 3309.43 | Payments to Members Who Are Members of Another State Retirement System.

Section 3309.44 | Designation or Qualification of Beneficiaries.

Section 3309.45 | Beneficiary May Substitute Other Benefits.

Section 3309.451 | Service Credit Purchased Upon Death of Member.

Section 3309.46 | Electing a Plan of Payment.

Section 3309.47 | Contribution of Contributor.

Section 3309.471 | Contributions During Disability Leave.

Section 3309.472 | Purchasing Service Credit for Time Spent on Pregnancy.

Section 3309.473 | Purchasing Service Credit for Time Spent on Pregnancy or Adoption.

Section 3309.474 | Purchase of Service Credits for Leaves of Absence.

Section 3309.48 | Employer Failing to Deduct Employee Contribution.

Section 3309.49 | Employer Contribution.

Section 3309.491 | Employer Minimum Compensation Contribution.

Section 3309.50 | Payment of Death Benefit.

Section 3309.51 | Payment Into Employers' Trust Fund.

Section 3309.53 | Written Statement to Employee of Duties and Obligations.

Section 3309.55 | Notifying Board of Personnel Changes.

Section 3309.56 | Deductions; Report.

Section 3309.57 | Transmission of Contributions.

Section 3309.571 | Penalties.

Section 3309.59 | Levying Additional Taxes.

Section 3309.60 | Creation of Funds - Trustees.

Section 3309.61 | Each Fund Is Separate Legal Entity.

Section 3309.62 | Estimating Expenses Annually.

Section 3309.63 | Merger of Local Pension System With School Employees Retirement System - Procedure.

Section 3309.64 | Payment of Accrued Liability - Interest - Rate.

Section 3309.65 | Procedure for Transfer of Moneys and Securities in Event of Merger.

Section 3309.66 | Tax Exemptions.

Section 3309.661 | Acquiring Vested Right in Pension When Granted.

Section 3309.662 | Waiver of Rights.

Section 3309.663 | Payroll Deduction of Membership Dues and Fees of Retiree Organizations.

Section 3309.67 | Restitution Order Based on Theft in Office or Certain Sex Offenses.

Section 3309.671 | Order for Division of Marital Property.

Section 3309.672 | Forfeiture of Retirement Benefits Under Rc 2929.192.

Section 3309.673 | Benefits Subject to Termination.

Section 3309.68 | Payment of Amounts Due Retirement System From Treasury.

Section 3309.69 | Group Health Care Coverage for Eligible Individuals or Dependents.

Section 3309.691 | Establishing Programs for Long Term Health Care Insurance.

Section 3309.692 | Additional Deposits to Fund Medical Expenses.

Section 3309.70 | Recovering Erroneous Payments.

Section 3309.73 | Credit for Service in Uniform Retirement System.

Section 3309.731 | Transferred Service Credit From Uniform Retirement System.

Section 3309.74 | Transferring Service Credit and Contributions Between Sers and Cincinnati Retirement System.

Section 3309.75 | Eligibility for Credit for Service in Cincinnati Retirement System.

Section 3309.76 | Transferring Contributions to Cincinnati Retirement System.

Section 3309.80 | Rules for Defined Contribution Plans.

Section 3309.81 | Establishment and Administration of Defined Contribution Plan.

Section 3309.811 | Qualification of Plan as Governmental Plan for Federal Tax Purposes.

Section 3309.812 | Qualification of Plan as Retirement System Maintained by a State or Local Government Entity for Federal Tax Purposes.

Section 3309.813 | Maintaining Individual Account for Each Participant.

Section 3309.82 | Application of Chapter to Defined Contribution Plan.

Section 3309.85 | Contributions of Members.

Section 3309.86 | Contributions of Employers.

Section 3309.87 | Deposit and Crediting of Contributions.

Section 3309.88 | Transfer of Portion of Employer Contribution to Employers' Trust Fund to Mitigate Negative Financial Impact on System.

Section 3309.91 | Member Rights Governed by Plan Selected.

Section 3309.92 | Spousal Consent or Waiver.

Section 3309.95 | Right to Payment or Benefit Vested.

Section 3309.97 | Deposits of Members.

Section 3309.98 | Ceasing Contributions.

Section 3309.99 | Penalty.