Section 742.444 | Termination of Participation in Deferred Retirement Option Plan.
Effective: January 7, 2013 Latest Legislation: Senate Bill 340 – 129th General Assembly (A) A member’s participation in the deferred retirement option plan ceases on the occurrence of the earliest of the following: (1) Termination of the member’s active service in a police or fire department; (2) The last day of the eight-year period that […]
Section 742.445 | Termination of Participation in Deferred Retirement Option Plan Because of Acceptance of Disability Benefit.
Effective: July 23, 2002 Latest Legislation: Senate Bill 134 – 124th General Assembly If a member ceases participation in the deferred retirement option plan due to acceptance by the member of a disability benefit awarded by the board of trustees of the Ohio police and fire pension fund, both of the following apply: (A) The […]
Section 742.446 | Death Benefit if Electing to Participate in Deferred Retirement Option Plan.
Effective: July 23, 2002 Latest Legislation: Senate Bill 134 – 124th General Assembly (A) As used in this section, “killed in the line of duty” has the same meaning as in section 742.63 of the Revised Code. (B) If a member dies while participating in the deferred retirement option plan, all of the following apply: […]
Section 742.447 | Verifying Termination of Active Service.
Effective: July 23, 2002 Latest Legislation: Senate Bill 134 – 124th General Assembly On receipt of written notice under division (B) of section 742.444 of the Revised Code of a member’s termination of active service, the Ohio police and fire pension fund shall request from the employer verification of the member’s termination date and any […]
Section 742.45 | Deduction From Benefit Payment for Group Health Insurance.
Effective: January 7, 2013 Latest Legislation: Senate Bill 340 – 129th General Assembly (A) The board of trustees of the Ohio police and fire pension fund may enter into an agreement with insurance companies, health insuring corporations, or government agencies authorized to do business in the state for issuance of a policy or contract of […]
Section 742.451 | Additional Deposits to Fund Medical Expenses.
Effective: April 6, 2007 Latest Legislation: House Bill 272 – 126th General Assembly The board of trustees of the Ohio police and fire pension fund may establish a program under which a member or a member’s employer is permitted to make additional deposits for the purpose of providing funds for the payment of health, medical, […]
Section 742.3712 | Increase in Monthly Pension, Allowance or Benefit Effective 7-1-81.
Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly (A) Effective July 1, 1981, each person eligible to receive an age and service or disability pension, allowance, or benefit pursuant to Chapter 742. of the Revised Code that was based upon an award made effective before January 1, 1974, shall have […]
Section 742.3713 | Increase in Monthly Benefit Effective 11-15-81.
Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly (A) On and after November 15, 1981, a member of the Ohio police and fire pension fund who is receiving a pension or benefit effective prior to February 28, 1980, under division (A), (B), or (C) of section 742.37 or division (C)(2), […]
Section 742.3714 | Designating Contingent Dependent Beneficiary.
Effective: March 24, 2003 Latest Legislation: House Bill 373 – 124th General Assembly As used in this section, “contingent dependent beneficiary” means a person so designated pursuant to this section by a member or former member of the Ohio police and fire pension fund. Prior to retiring under section 742.37 of the Revised Code, a […]
Section 742.3715 | Election of Retiree to Change to Optional Plan.
Effective: March 17, 2000 Latest Legislation: House Bill 275 – 123rd General Assembly (A) A member of the Ohio police and fire pension fund who retired under section 742.37 of the Revised Code before February 28, 1980, may elect to receive the actuarial equivalent of the member’s retirement allowance in a lesser amount payable for […]