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Chapter 3307: STATE TEACHERS RETIREMENT SYSTEM

• 3307.01 State teachers retirement system - definitions.
• 3307.011 [Repealed].
• 3307.012 [Repealed].
• 3307.013 Amended and Renumbered RC 3307.501.
• 3307.02 to 3307.022 Amended and Renumbered RC 3307.75 to 3307.752.
• 3307.03 State teachers retirement system - board.
• 3307.031 System consists of plans established by chapter.
• 3307.04 General administration and management vested in board.
• 3307.041 Travel expense policies - bonus policy - budget.
• 3307.042 Ethics policy - commission approval - ethics training.
• 3307.043 Chief investment officer - supervision duties - monitoring of securities transactions.
• 3307.044 Selection of internal auditor.
• 3307.05 Board membership.
• 3307.051 Orientation program required for new members - continuing education.
• 3307.052 Members with excessive travel expenses ineligible for another term.
• 3307.06 Board elections.
• 3307.061 Disqualification of convicted member - misconduct in office - removal procedure.
• 3307.07 Procedure for electing board members.
• 3307.071 No election if only one candidate nominated.
• 3307.072 Candidate campaign finance statements - donor statement of independent expenditures.
• 3307.073 Filing of statements - prohibited campaign activities.
• 3307.074 Complaint alleging violation of RC 3307.073 - procedure - fine.
• 3307.075 Adoption of election rules - certification of nominating petitions and election results.
• 3307.08 Oath of office.
• 3307.09 Quorum.
• 3307.10 Expenses - liability insurance.
• 3307.11 Officers - executive director.
• 3307.111 Amended and Renumbered RC 3307.151.
• 3307.12 Treasurer of state is custodian of funds.
• 3307.121 Annual statement of amount of funds furnished by treasurer.
• 3307.13 Legal adviser.
• 3307.14 Creation of funds - trustees.
• 3307.141 Each fund is separate legal entity.
• 3307.142 Interest compounded annually credited to accounts of members and funds.
• 3307.15 Investment and fiduciary duties of board.
• 3307.151 Prohibited business transactions.
• 3307.152 Designation of Ohio-qualified agents - selection policy - increased utilization - annual report.
• 3307.153 Annual disclosures to Ohio Ethics Commission.
• 3307.154 Designation of Ohio-qualified investment managers - utilization - annual report.
• 3307.16, 3307.17 [Repealed].
• 3307.18 Trustee or employee of board shall have no interest in profits nor borrow funds.
• 3307.181 Restrictions on fiduciaries.
• 3307.19 Maintenance of individual account.
• 3307.20 Annual statement of funds.
• 3307.201 Amended and Renumbered RC 3307.512.
• 3307.21 Notifying teacher of duties and obligations under chapter.
• 3307.211 Certifying names of covered employees.
• 3307.212 Notifying board of personnel changes.
• 3307.213 Maintaining records and furnishing assistance.
• 3307.214 Information to new employees.
• 3307.22 Amended and Renumbered RC 3307.73.
• 3307.23 Statement to be filed by employee member.
• 3307.231 Verifying termination of active service.
• 3307.24 Denying membership to certain classes of teachers.
• 3307.241 Local district pension system excluded from membership.
• 3307.25 Electing defined benefit or defined contribution plan.
• 3307.251 Employee with less than 5 years of service electing to participate in defined contribution plan.
• 3307.252 Effect of electing defined contribution plan.
• 3307.26 Electing defined benefit or defined contribution plan.
• 3307.261 Contributions during disability leave.
• 3307.27 Employer pick up of teacher contributions.
• 3307.28 Employer contribution.
• 3307.281 to 3307.283 Amended and Renumbered RC 3307.70, 3307.711, 3307.712.
• 3307.29 Deductions certified.
• 3307.291 Transmitting payments monthly.
• 3307.292 Failure of employer to transmit amounts due.
• 3307.30 Levying additional taxes.
• 3307.31 Deducting employer contributions from state aid moneys.
• 3307.311 Amended and Renumbered RC 3307.78.
• 3307.32 Payment of amounts due retirement system from treasury.
• 3307.33 Termination of membership.
• 3307.34 [Repealed].
• 3307.35 Employment of retirant.
• 3307.351 Continuing contributions to state system after retirement.
• 3307.352 Retirant may apply for monthly annuity or lump sum payment.
• 3307.353 Reemployed superannuate or rehire in position filled by vote of members of board or commission.
• 3307.36 Amended and Renumbered RC 3307.52.
• 3307.37 Restitution order based on theft in office or certain sex offenses.
• 3307.371 Order for division of marital property.
• 3307.372 Forfeiture of retirement benefits under RC 2929.192.
• 3307.38 to 3307.384 Amended and Renumbered RC 3307.58, 3307.35, 3307.691, 3307.79, 3307.692.
• 3307.39 Group health insurance coverage for retired persons and survivors.
• 3307.391 Establishing programs for long term health care insurance.
• 3307.392 Lump sum payment for death benefit.
• 3307.393 Additional deposits to fund medical expenses.
• 3307.40 Amended and Renumbered RC 3307.392.
• 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.
• 3307.41 Tax exemptions.
• 3307.411, 3307.412 Amended and Renumbered RC 3307.76, 3307.761.
• 3307.42 Acquiring vested right in pension when granted.
• 3307.421 Amended and Renumbered RC 3307.513.
• 3307.43, 3307.431 Amended and Renumbered RC 3307.63, 3307.631.
• 3307.44 Waiver of rights.
• 3307.45 [Repealed].
• 3307.46 Increasing pension, benefit, or allowance when limits of 26 USC 415 are raised.
• 3307.461 Establishing and maintaining qualified governmental excess benefit arrangement.
• 3307.47 Recovering erroneous payments.
• 3307.48, 3307.49 Amended and Renumbered RC 3307.562, 3307.66.
• 3307.50 Defined benefit plan definitions.
• 3307.501 Final average salary.
• 3307.51 Actuarial valuation of pension assets, liabilities, and funding requirements.
• 3307.511 Data required for preparation of mortality and service tables.
• 3307.512 Amortizing unfunded actuarial accrued pension liability.
• 3307.513 Annual report disability retirement experience of each employer.
• 3307.514 [Repealed].
• 3307.515 Amended and Renumbered RC 3307.771.
• 3307.52 All service credited at retirement.
• 3307.53 Computing service credit.
• 3307.54 Retirement incentive plan.
• 3307.55 [Repealed].
• 3307.56 Payment to member who ceases to be a public employee.
• 3307.561 Withdrawing contributions by member who is member of another state retirement system.
• 3307.562 Designation or qualification of beneficiaries.
• 3307.563 Interest added to withdrawn contributions.
• 3307.57 Coordinating and integrating membership in state retirement systems.
• 3307.58 Eligibility for service retirement.
• 3307.59 Disability allowance recipient applying for service retirement.
• 3307.60 Retirant may elect plan of payment.
• 3307.61 Benefits equivalent to medicare.
• 3307.62 Providing disability coverage for on-duty illness or injury.
• 3307.63 Benefits upon disability retirement.
• 3307.631 Annual amount of disability allowance.
• 3307.64 Disability benefit recipient to retain membership status.
• 3307.65, 3307.651 Amended and Renumbered RC 3307.14, 3307.142.
• 3307.66 Beneficiary may substitute other benefits.
• 3307.661 Payment of death benefit.
• 3307.67 Cost of living increase.
• 3307.671 Establishing temporary supplemental benefit fund.
• 3307.68 Amended and Renumbered RC 3307.96.
• 3307.69 Recalculating benefits.
• 3307.691 Annual lifetime benefit.
• 3307.692 Annual single lifetime benefit based on 30 or more years service.
• 3307.693 Supplementing allowance.
• 3307.694 Additional allowance on or after 7-1-68.
• 3307.695 Additional monthly payment as of 12-31-71.
• 3307.696 Additional monthly payment where member died prior to 7-1-68.
• 3307.697 Additional monthly payment as of 12-19-73.
• 3307.698 Increase in monthly allowance, pension or benefit effective 7-1-81.
• 3307.699 Increase in benefits established prior to 2-1-83.
• 3307.6910 Increase in benefits for awards prior to 7-1-79.
• 3307.6911 Recalculating benefits to counter effect of inflation.
• 3307.6912 Recalculating retirement allowances for retirants prior to 1945 and 1947.
• 3307.6913 Recalculating annual single lifetime benefit.
• 3307.6914 Recalculating benefits based on cumulative percentage change in CPI.
• 3307.70 Payroll deduction plans.
• 3307.71 Restoring service credit.
• 3307.711 Payroll deduction plans - restoring PERS or SERS credit.
• 3307.712 Proceedings on request for restoration of service credit.
• 3307.72 Credit for years of service where employer failed to make contributions.
• 3307.73 Purchase of service credit for period of self-exemption.
• 3307.74 Credit for prior service - comparable public position.
• 3307.741 Purchasing credit for similar service.
• 3307.75 Credit for military service.
• 3307.751 Purchasing military service credit.
• 3307.752 Purchasing uniformed services credit.
• 3307.76 Credit for time served in other state retirement systems.
• 3307.761 Credit for service in uniform retirement system.
• 3307.762 Transferring service credit and contributions between STERS and Cincinnati retirement system.
• 3307.763 Eligibility for credit for service in Cincinnati retirement system.
• 3307.764 Transferring contributions to Cincinnati retirement system.
• 3307.765 Transferred service credit from uniform retirement system.
• 3307.77 Purchasing service credit for period of approved absence or leave.
• 3307.771 Purchasing service credit for time spent on pregnancy or adoption.
• 3307.78 Purchasing credit for service as school board member.
• 3307.79 Years of service credit of deceased member dying prior to 7-1-73 - right of survivor to purchase service credit.
• 3307.80 Rules for defined contribution plans.
• 3307.81 Establishment and administration of defined contribution plan.
• 3307.811 Qualification of plan for federal tax purposes.
• 3307.812 Tax exemptions and deferrals.
• 3307.83 Member rights governed by plan selected.
• 3307.84 Transfer of portion of employer contribution to employers' trust fund to mitigate negative financial impact on system.
• 3307.86 Furnishing contributions and information at more frequent intervals.
• 3307.87 Spousal consent or waiver.
• 3307.88 Member who does not elect to continue participating in defined contribution plan reverts to defined benefit plan.
• 3307.881 Electing to continue participating in defined contribution plan.
• 3307.882 Notification of opportunity to elect to continue participating in defined contribution plan.
• 3307.89 Offering participation in defined contribution plan to members in defined benefit plan.
• 3307.96 Merger of local pension system with state teachers retirement system - procedure.
• 3307.97 Payments of accrued liability.
• 3307.98 Procedure for transfer of moneys and securities in event of merger.
• 3307.99 Penalty.