Effective: September 10, 2012 Latest Legislation: House Bill 487 – 129th General Assembly As used in this chapter: (A) “Public institution of higher education” means a state university as defined in section 3345.011 of the Revised Code, the northeast Ohio medical university, or a university branch, technical college, state community college, community college, or municipal […]
Effective: September 10, 2012 Latest Legislation: House Bill 487 – 129th General Assembly An alternative retirement program is hereby established in accordance with this chapter for the purpose of providing to eligible employees the opportunity of participating in an alternative retirement plan as an alternative to participating in a state retirement system. The employer is […]
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly (A) The Ohio board of regents shall designate the entities that are eligible to provide investment options under alternative retirement plans maintained by public institutions of higher education. The board shall accept and review applications from entities seeking designation as a vendor. […]
Effective: September 10, 2012 Latest Legislation: House Bill 487 – 129th General Assembly (A) As part of the process established under section 3305.03 of the Revised Code for designating an entity as a vendor and conducting periodic reviews of a vendor, the Ohio board of regents shall do all of the following: (1) Provide written […]
Effective: September 10, 2012 Latest Legislation: House Bill 487 – 129th General Assembly The Ohio board of regents shall adopt rules as the board considers necessary to carry out its duties and responsibilities under this chapter. The rules shall be adopted in accordance with Chapter 119. of the Revised Code. The rules may provide for […]
Effective: September 10, 2012 Latest Legislation: House Bill 487 – 129th General Assembly (A) The board of trustees of each public institution of higher education shall adopt an alternative retirement plan in accordance with this chapter. In accordance with this chapter, each board may perform such functions and provide as necessary for the administration of […]
Effective: September 10, 2012 Latest Legislation: House Bill 487 – 129th General Assembly (A) As used in this section and section 3305.051 of the Revised Code, “academic or administrative employee” means any full-time employee not receiving any benefit, allowance, or other payment granted on the employee’s account from a state retirement system who, before August […]
Effective: August 1, 2005 Latest Legislation: Senate Bill 133 – 125th General Assembly (A) This section applies only to elections made prior to the effective date of this amendment. (B) A person whose employment as an academic or administrative employee of a public institution of higher education commenced after the initial date on which the […]
Effective: April 6, 2017 Latest Legislation: House Bill 520 – 131st General Assembly (A) The state retirement system that covers the position held by an employee of a public institution of higher education who makes an election under division (B)(2) or (3) of section 3305.05 or division (B) of section 3305.051 of the Revised Code […]
Effective: September 10, 2012 Latest Legislation: House Bill 487 – 129th General Assembly The board of trustees of a public institution of higher education shall permit an employee who makes an election under section 3305.05 or 3305.051 of the Revised Code to do all of the following: (A) Select, from among the providers that have […]
Effective: April 6, 2017 Latest Legislation: House Bill 520 – 131st General Assembly (A) Each electing employee shall contribute an amount, which shall be a certain percentage of the employee’s compensation, to the provider of the investment option the employee has selected. This percentage shall be the percentage the electing employee would have otherwise been […]
Effective: September 13, 2022 Latest Legislation: Senate Bill 273 – 134th General Assembly (A) Neither the state nor a public institution of higher education shall be a party to any contract purchased in whole or in part with contributions to an alternative retirement plan made under section 3305.06 of the Revised Code. No retirement, death, […]
Effective: January 1, 2016 Latest Legislation: House Bill 64 – 131st General Assembly Any payment, benefit, or other right accruing to any electing employee under a contract entered into for purposes of an alternative retirement plan and all moneys, investments, and income of those contracts are exempt from any state tax, except the tax imposed […]
Effective: April 1, 2001 Latest Legislation: House Bill 535 – 123rd General Assembly (A) Any payment that is to be made under a contract entered into for purposes of funding an employee’s alternative retirement plan benefit shall be subject to any withholding order issued pursuant to section 2907.15 of the Revised Code or division (C)(2)(b) […]
Effective: September 13, 2022 Latest Legislation: Senate Bill 273 – 134th General Assembly (A)(1) Except as provided in division (C) of this section, if an electing employee is married at the time one or more payments are to commence under the retirement plan established under this chapter, the provider that will make the payment shall […]
Effective: May 13, 2008 Latest Legislation: Senate Bill 3 – 127th General Assembly (A) Notwithstanding any other provision of this chapter, any payment of accumulated contributions standing to a person’s credit under this chapter and any other amount or amounts to be paid to a person who is a contributor under this chapter upon the […]
Effective: July 29, 2011 Latest Legislation: House Bill 123 – 129th General Assembly Notwithstanding any other provision of an alternative retirement plan provided under this chapter, a disability benefit granted under the alternative retirement plan is subject to an order issued under section 2929.193 of the Revised Code. The entity providing the alternative retirement plan […]
Effective: July 29, 2011 Latest Legislation: House Bill 123 – 129th General Assembly As used in this section, “personal history record” means information maintained by the entity providing an alternative retirement plan on an individual who participates in the plan that includes the address, telephone number, social security number, record of contributions, correspondence with the […]
Effective: January 1, 2016 Latest Legislation: House Bill 64 – 131st General Assembly (A) As used in this section, “alternate payee,” “benefit,” “lump sum payment,” and “participant” have the same meanings as in section 3105.80 of the Revised Code. (B) On receipt of an order issued under section 3105.171 or 3105.65 of the Revised Code, […]
Effective: July 29, 2011 Latest Legislation: House Bill 123 – 129th General Assembly If a person who is a disability benefit recipient or an alternate payee, as defined in section 3105.80 of the Revised Code, is paid any amount to which the person is not entitled by an entity providing an alternative retirement plan, the […]
