Effective: July 13, 2000 Latest Legislation: Senate Bill 190 – 123rd General Assembly A majority of the members of the state teachers retirement board constitutes a quorum for the transaction of any business. All meetings of the board shall be open to the public except executive sessions as set forth in division (G) of section […]
Effective: September 30, 2021 Latest Legislation: House Bill 110 – 134th General Assembly (A) Notwithstanding division (C) of section 121.22 of the Revised Code, the state teachers retirement board may adopt a policy that allows a board member to attend a meeting of the board by means of teleconference or video conference. The board shall […]
Effective: September 15, 2004 Latest Legislation: Senate Bill 133 – 125th General Assembly (A) The members of the state teachers retirement board shall serve without compensation, except that members shall be reimbursed from the expense fund for all actual necessary expenses incurred while serving on the board. (B) The board may secure insurance coverage designed […]
Effective: September 15, 2004 Latest Legislation: Senate Bill 133 – 125th General Assembly The state teachers retirement board shall elect from its membership, a chairperson and a vice-chairperson. The board shall employ an executive director who shall serve as secretary, and shall employ other persons necessary to operate the system and to fulfill the board’s […]
Effective: July 1, 1985 Latest Legislation: House Bill 201 – 116th General Assembly The treasurer of state shall be the custodian of the funds of the state teachers retirement system, and all disbursements therefrom shall be paid by him only upon instruments duly authorized by the state teachers retirement board and bearing the signatures of […]
Effective: July 13, 2000 Latest Legislation: Senate Bill 190 – 123rd General Assembly The treasurer of state shall furnish annually to the state teachers retirement board a sworn statement of the amount of the funds in the treasurer of state’s custody belonging to the state teachers retirement system.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The attorney general shall be the legal adviser of the state teachers retirement board.
Effective: April 6, 2017 Latest Legislation: House Bill 520 – 131st General Assembly Any action brought against the state teachers retirement system or the state teachers retirement board or its officers, employees, or board members in their official capacities shall be brought in the appropriate court in Frankl in county, Ohio.
Effective: March 22, 2019 Latest Legislation: House Bill 572 – 132nd General Assembly The state teachers retirement board shall be the trustee of certain funds hereby created as follows: (A) The “teachers’ savings fund” is the fund in which shall be accumulated the contributions deducted from the compensation of teachers participating in the STRS defined […]
Effective: July 13, 2000 Latest Legislation: Senate Bill 190 – 123rd General Assembly Wherever in this chapter, reference is made to the teachers’ savings fund, the employers’ trust fund, the annuity and pension reserve fund, the guarantee fund, the survivors’ benefit fund, the expense fund, or the defined contribution fund, such reference shall be construed […]
Effective: January 7, 2013 Latest Legislation: Senate Bill 342 – 129th General Assembly (A) Interest compounded annually shall be credited to the accounts of members participating in the STRS defined benefit plan and to the various funds listed in divisions (A) to (F) of section 3307.14 of the Revised Code, and shall be assumed in […]
Effective: January 7, 2013 Latest Legislation: Senate Bill 342 – 129th General Assembly If the state teachers retirement board discontinues health care coverage authorized under section 3307.39 of the Revised Code, on satisfaction of all liabilities for health care coverage at the time of the discontinuance of coverage, the board shall transfer any surplus in […]
Effective: April 6, 2017 Latest Legislation: House Bill 520 – 131st General Assembly (A) The members of the state teachers retirement board shall be the trustees of the funds created by section 3307.14 of the Revised Code. The board shall have full power to invest the funds. The board and other fiduciaries shall discharge their […]
Effective: July 13, 2000 Latest Legislation: Senate Bill 190 – 123rd General Assembly The state teachers retirement system shall make no investments through, purchases from, or otherwise do any business with any individual who is, or any partnership, association, or corporation that is owned or controlled by, a person, who within the preceding three years […]
Effective: March 31, 2021 Latest Legislation: House Bill 312 – 133rd General Assembly (A) As used in this section and in section 3307.154 of the Revised Code: (1) “Agent” means a dealer, as defined in section 1707.01 of the Revised Code, who is licensed under sections 1707.01 to 1707.50 of the Revised Code or under […]
Effective: September 15, 2004 Latest Legislation: Senate Bill 133 – 125th General Assembly (A) The state teachers retirement system shall disclose the following to the Ohio ethics commission: (1) Anything of value received by the system from an agent and anything of value given on behalf of the system by an agent; (2) The name […]
Effective: September 29, 2015 Latest Legislation: House Bill 64 – 131st General Assembly (A) The state teachers retirement board shall, for the purposes of this section, designate an investment manager as an Ohio-qualified investment manager if the investment manager meets all of the following requirements: (1) The investment manager is subject to taxation under Chapter […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly No trustee and no employee of the state teachers retirement board shall have any interest, direct or indirect, in the gains or profits of any investment made by the board nor as such, directly or indirectly, receive any pay or emolument for […]
Effective: July 13, 2000 Latest Legislation: Senate Bill 190 – 123rd General Assembly (A) Except as provided in division (B) of this section, a fiduciary shall not cause the state teachers retirement system to engage in a transaction, if the fiduciary knows or should know that such transaction constitutes a direct or indirect: (1) Sale […]
Effective: April 1, 2001 Latest Legislation: House Bill 535 – 123rd General Assembly The state teachers retirement board shall provide for the maintenance of an individual account for each contributor showing the amount of the contributor’s contributions and any accumulations thereon.
