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61 chapters · 2,497 sections in this title.
Ohio Rev. Code Ann. § 3307.501 Final average salary
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(A) As used in this section, "percentage increase" means the percentage that an increase in compensation is of the compensation paid prior to the increase.(B) For the purpose of determining final average salary under this section, "compensation" has the same meaning as in section…
Ohio Rev. Code Ann. § 3307.51 Actuarial valuation of pension assets, liabilities, and funding requirements
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(A) The state teachers retirement board shall have prepared annually by or under the supervision of an actuary an actuarial valuation of the pension assets, liabilities, and funding requirements of the STRS defined benefit plan. The actuary shall complete the valuation in accorda…
Ohio Rev. Code Ann. § 3307.511 Data required for preparation of mortality and service tables
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The state teachers retirement board shall collect and keep in convenient form such data as is necessary for the preparation of the required mortality and service tables, and for the compilation of such other information as is required for the actuarial valuation of the assets and…
Ohio Rev. Code Ann. § 3307.512 Amortizing unfunded actuarial accrued pension liability
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The state teachers retirement board shall establish a period of not more than thirty years to amortize the state teachers retirement system's unfunded actuarial accrued pension liabilities for benefits paid under the STRS defined benefit plan. If in any year the period necessary …