Effective: April 6, 2007
Latest Legislation: House Bill 272 - 126th General Assembly
(A) The board of trustees of the Ohio police and fire pension fund may by rule establish a payroll deduction plan for payment of the following:
(1) The cost of service credit members of the fund are eligible to purchase under this chapter;
(2) Charges for participation in programs established under section 742.53 of the Revised Code;
(3) Deposits under section 742.451 of the Revised Code and any charges for participation in the program established under that section.
(B) In addition to any other matter considered relevant by the trustees, the rules shall specify all of the following:
(1) The types of service credit that may be paid for through payroll deduction, including the section of the Revised Code that authorizes the purchase of each type of service credit for which payment may be made by payroll deduction;
(2) The procedure to be followed by a member to inform the member's employer and the Ohio police and fire pension fund that the member wishes to purchase service credit under this chapter or pay for participation in programs established under section 742.53 of the Revised Code and chooses to pay for it through payroll deduction;
(3) The procedure to be followed by the fund to determine for each request the amount to be deducted, the number of deductions to be made, and the interval at which deductions will be made. The rules may provide for a minimum amount for each deduction or a maximum number of deductions for the purchase of any type of credit, but shall provide that no deduction may exceed the member's net compensation after all deductions and withholdings required by law.
(4) The procedure to be followed by employers in transmitting amounts deducted from the salaries of their employees to the fund;
(5) The procedure to be followed by the fund in crediting service credit to members who choose to purchase it through payroll deduction.
(C) If the trustees of the fund establish a payroll deduction plan under this section, the trustees shall certify to the member's employer for each member for which deductions are to be made, the amount of each deduction and the payrolls from which deductions are to be made. The employer shall make the deductions as certified and transmit the amounts deducted on or before the last day of the month following the last day of the reporting period during which the deductions are made. The deduction shall be accompanied by a report, in such form as the board requires, that includes the name of each member for whom deductions were made and the deductions attributed to that member. If the employer fails to transmit the deductions or the report on or before the last day of the month following the last day of the reporting period during which the deductions are made, a penalty determined under section 742.352 of the Revised Code shall be assessed against the employer. On certification by the board to the county auditor of an amount due from an employer within the county who is subject to this division, by reason of the employer's delinquency in transmitting amounts due under this division for past months, those amounts shall be withheld from the employer from any funds in the hands of the county treasurer for distribution to the employer. On receipt of the certification, the county auditor shall draw a warrant against the funds in favor of the Ohio police and fire pension fund for the amount.
(D) Rules adopted under this section shall not affect any right to purchase service credit conferred by any other section of the Revised Code, including the right of a member under any such section to purchase only part of the service credit the member is eligible to purchase.
Structure Ohio Revised Code
Title 7 | Municipal Corporations
Chapter 742 | Police and Fire Pension Fund
Section 742.01 | Police and Fire Pension Fund Definitions.
Section 742.013 | Definitions for "Terminal Pay" and "Salary".
Section 742.02 | Creation and Purpose of Fund.
Section 742.03 | Board of Trustees to Administer and Control Fund.
Section 742.031 | Orientation Program Required for New Members - Continuing Education.
Section 742.032 | Members With Excessive Travel Expenses Ineligible for Another Term.
Section 742.041 | No Election if Only One Candidate Nominated.
Section 742.043 | Filing of Statements - Prohibited Campaign Activities.
Section 742.044 | Complaint Alleging Violation of Rc 742.043 - Procedure - Fine.
Section 742.046 | Disqualification of Convicted Member - Misconduct in Office - Removal Procedure.
Section 742.05 | Vacancy on Board of Trustees.
Section 742.06 | Oath or Affirmation of Office.
Section 742.07 | Meetings of Board of Trustees.
Section 742.08 | Expenses - Liability Insurance.
Section 742.09 | Attorney General Is Legal Counsel for Board.
Section 742.091 | Actions; Venue.
Section 742.10 | Powers of Board.
Section 742.101 | Transfer Expenses From Guarantee Fund to Expense Fund.
Section 742.102 | Travel Expense Policies - Bonus Policy - Budget.
Section 742.103 | Ethics Policy - Commission Approval - Ethics Training.
Section 742.105 | Selection of Internal Auditor.
Section 742.11 | Investment Powers of Board.
Section 742.111 | Prohibited Business Transactions.
Section 742.112 | Restrictions on Fiduciaries.
Section 742.113 | Conflicts of Interest.
Section 742.115 | Annual Disclosures to Ohio Ethics Commission.
Section 742.116 | Designation of Ohio-Qualified Investment Managers - Utilization - Annual Report.
Section 742.12 | Bonds Purchased From Taxing Districts.
Section 742.13 | Record of Proceedings Between Board and Taxing District.
Section 742.15 | Collecting and Retaining Data.
Section 742.16 | Amortizing Unfunded Actuarial Accrued Pension Liability.
Section 742.161 | Adjustment to Age and Years of Service Credit.
Section 742.17 | Form of Application or Election.
Section 742.21 | Service Credit for Membership in State or Municipal Retirement System.
Section 742.212 | Eligibility for Credit for Service in Cincinnati Retirement System.
Section 742.213 | Transferring Contributions to Cincinnati Retirement System.
Section 742.214 | Transferring Contributions on Deposit From Non-Uniform Retirement System.
Section 742.22 | Restoration to Active Duty After Receiving Disability Benefits.
Section 742.23 | Municipal Police Department Employee Credit for Service in Fire Department.
Section 742.24 | Municipal Fire Department Employee Credit for Service in Police Department.
Section 742.25 | Member Credit for Service Credit in Former Pension Funds.
Section 742.251 | Credit for Full Time Out-of-State or Federal Service.
Section 742.26 | Employment of Opfpf or Other State Retirement System Retirant.
Section 742.27 | Purchasing Service Credit for Lay Off Period.
Section 742.30 | Paying Employer's Accrued Liability.
Section 742.301 | Penalty and Interest on Late Payment of an Employer's Accrued Liability.
Section 742.31 | Contribution by Employee; Adjustments by Board.
Section 742.311 | Annual Review of Adequacy of Contribution Rates.
Section 742.32 | Reporting Employee Deductions.
Section 742.33 | Police Officer Employers' Contribution.
Section 742.34 | Firefighter Employers' Contribution.
Section 742.35 | Payment of Employer's Contribution.
Section 742.351 | Notice of Member's Election to Retire.
Section 742.352 | Failure to Transmit Certain Reports and Payments Concerning Deductions.
Section 742.353 | Failure to Transmit Certain Reports and Payments Concerning Retirement Election.
Section 742.361 | Certification of Amount Required to Be Paid.
Section 742.362 | Annual Payment in Lieu of Employer Contribution.
Section 742.37 | Rules for Disbursement of Benefits and Pensions.
Section 742.374 | Additional Pension Payments for Retirees on and After 12-31-71.
Section 742.375 | Credit for Time Served in State Highway Patrol Retirement System.
Section 742.376 | Credit for Service as a Full-Time Police Officer or Firefighter Prior to 1-1-67.
Section 742.377 | Increasing Survivor Benefits.
Section 742.378 | Additional Monthly Payment.
Section 742.3710 | Increasing Survivor Benefits.
Section 742.3711 | Optional Plans Upon Retirement.
Section 742.3712 | Increase in Monthly Pension, Allowance or Benefit Effective 7-1-81.
Section 742.3713 | Increase in Monthly Benefit Effective 11-15-81.
Section 742.3714 | Designating Contingent Dependent Beneficiary.
Section 742.3715 | Election of Retiree to Change to Optional Plan.
Section 742.3716 | Annual Increases in Pension or Benefits.
Section 742.3717 | Annual Cost of Living Increase.
Section 742.3718 | Minimum Pension or Benefit.
Section 742.3719 | Increase in Benefit or Allowance When Irc 415 Limits Increased.
Section 742.3721 | Qualified Governmental Excess Benefit Arrangement Maintained and Established.
Section 742.381 | Annual Report Disability Retirement Experience of Each Employer.
Section 742.39 | Eligibility for Disability Benefit.
Section 742.40 | Disability Benefit Recipient to Agree to Obtain Recommended Medical Treatment.
Section 742.41 | Annual Statement of Funds.
Section 742.42 | Maintenance of Individual Account.
Section 742.43 | Deferred Retirement Option Plan Established.
Section 742.44 | Electing to Participate in Deferred Retirement Option Plan.
Section 742.441 | Effect of Electing to Participate in Deferred Retirement Option Plan.
Section 742.444 | Termination of Participation in Deferred Retirement Option Plan.
Section 742.446 | Death Benefit if Electing to Participate in Deferred Retirement Option Plan.
Section 742.447 | Verifying Termination of Active Service.
Section 742.45 | Deduction From Benefit Payment for Group Health Insurance.
Section 742.451 | Additional Deposits to Fund Medical Expenses.
Section 742.46 | Vested Right to Pension or Benefit.
Section 742.461 | Restitution Order Based on Theft in Office or Certain Sex Offenses.
Section 742.462 | Order for Division of Marital Property.
Section 742.463 | Forfeiture of Retirement Benefits Under Rc 2929.192.
Section 742.464 | Benefits Subject to Termination.
Section 742.48 | Written Notice of Waiver.
Section 742.50 | Death Benefit.
Section 742.511 | Transfer of Police Officers of Newly Incorporated Municipality Prior to 12-1-83.
Section 742.513 | Township Officer Assuming Municipal Status May Transfer to Fund.
Section 742.514 | Transfer of Former Cincinnati Park Police Officers to Fund.
Section 742.515 | Firefighter's Election to Transfer From Public Employees Retirement System.
Section 742.516 | Firefighter's Election to Transfer to Public Employees Retirement System.
Section 742.52 | Purchasing Military Service Credit.
Section 742.521 | Credit for Military Service.
Section 742.53 | Long Term Care Insurance.
Section 742.54 | Volunteer Firemen's Relief and Pension Fund Operation and Maintenance.
Section 742.55 | Itemization of Purchases and Expenditures.
Section 742.56 | Payroll Deduction Plan for Payments for Service Credits.
Section 742.57 | Payments by Vouchers From State Treasury.
Section 742.58 | Lump Sum Death Benefit Payment.
Section 742.59 | Creation of Funds - Trustees.
Section 742.60 | Funds to Be Separate and Distinct Legal Entities.
Section 742.61 | Treasurer of State Is Custodian of Police and Fire Pension Fund.
Section 742.62 | Ohio Public Safety Officers Death Benefit Fund.
Section 742.63 | Adoption of Rules for Management of Fund and Disbursement of Benefits.