3305.04 University and college board of trustees to contract with designated provider.
3305.04 University and college board of trustees to contract with designated provider.
The board of trustees of each public institution of higher education shall adopt an alternative retirement plan in accordance with this chapter. Each public institution of higher education shall enter into a contract with each provider designated pursuant to section 3305.03 of the Revised Code that is willing to provide investment options under an alternative retirement plan at that public institution. Each contract shall provide for termination of the contract if the provider ceases to be a designated provider. In accordance with this chapter, each board may perform such functions and provide as necessary for the administration of its alternative retirement plan.
Effective Date: 04-01-2001