reglab/housing_qa huggingface dataset:
Ohio Rev Code § 3307.69 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.69 | Recalculating Benefits.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|(A) On and after the first day of the month following December 14, 1992, each person eligible to receive a benefit, pursuant to former sections 3307.38, 3307.41, 3307.43, 3307.50, and division (C)(1) of former section 3307.49 of the Revised Code, that was based upon an award made effective before June 30, 1955, shall have the benefit payable as of September 30, 1974, recalculated by the state teachers retirement board so that each such person shall receive an annual single lifetime benefit or its actuarial equivalent of not less than one hundred forty dollars for each year of the member's total service credit, except that service credit exceeding thirty-two years shall not be used in the recalculation, and a final average salary limitation shall not be applied. If the amount of the benefit recalculated under this division is less than the amount that is payable on the effective date of this section, then the greater benefit shall be continued. (B) On and after the first day of the month following December 14, 1992, each person receiving a benefit, pursuant to former sections 3307.38, 3307.41, 3307.43, 3307.50 and division (C)(1) of former section 3307.49 of the Revised Code, that was effective on and after June 30, 1955, through June 30, 1971, shall be paid an increased benefit as follows:Effective Date of thePer CentMember's Benefit:of Increase:June 30, 1955, through June 29, 195933June 30, 1959, through October 31, 196521November 1, 1965 through June 30, 196814July 1, 1968, through June 30, 19715 The increase shall be applied to the benefit payable on December 14, 1992. (C) On and after the first day of the month following December 14, 1992, each person receiving or qualified to receive a benefit, pursuant to division (C)(2) of former section 3307.49 of the Revised Code, that was effective on and after June 14, 1951, through August 26, 1970, shall receive an increase in such benefit in the amount of twenty per cent.
Ohio Rev Code § 3307.691 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.691 | Annual Lifetime Benefit.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|On and after August 20, 1976, the allowances of retirants receiving benefits based upon an award from the state teachers retirement system made before July 1, 1971, shall have the benefit recalculated by the state teachers retirement system so that each such person shall receive an annual lifetime benefit or its actuarial equivalent of not less than one hundred forty dollars for each year of the member's total service credit, multiplied by the total number of years of service credit, except that service credit exceeding thirty-two years shall not be used in the recalculation, and a final average salary limitation shall not be applied.If the amount of the benefit recalculated under this section is less than the amount that is payable on August 20, 1976, then the greater benefit shall be continued.
Ohio Rev Code § 3307.692 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.692 | Annual Single Lifetime Benefit Based on 30 or More Years Service.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|A retirant who on August 6, 1997, is eligible to receive an annual single lifetime benefit under former section 3307.38, 3307.41, or 3307.50 of the Revised Code of less than nine thousand six hundred dollars or its actuarial equivalent shall have that benefit increased to nine thousand six hundred dollars or its actuarial equivalent if the benefit is based on an award arising from thirty or more years of Ohio service credit. The benefit increase provided by this section shall take effect on the first day of the first month following August 6, 1997, and shall not be subject to any final average salary limitation.
Ohio Rev Code § 3307.694 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.694 | Additional Allowance on or After 7-1-68.

Effective: January 7, 2013|Latest Legislation:  Senate Bill 342 - 129th General Assembly|On and after July 1, 1968, all allowances, pensions, or other benefits which were payable before July 1, 1968, pursuant to the provisions of former sections 3307.26, 3307.38, 3307.41, 3307.43, 3307.49, and 3307.50 of the Revised Code, shall be increased by the percentages determined by the effective date of the allowance, pension, or benefit, as follows:Effective Date of Benefit Calendar YearPercentage of Increase1920 through 195524.3195622.5195718.4195815.2195914.3196012.5196111.3196210.119638.719647.319655.619662.619672.0January 1, 1968, through June 30, 19682.0 All increases determined by applying the percentages in the preceding table shall be reduced by the dollar amount of the increases granted in 1965 pursuant to divisions (D), (E), and (F) of former section 3307.401 of the Revised Code, except that no allowance, pension, or benefit shall be reduced below the amount due on June 30, 1968, and no allowance granted under this section shall be less than a total annual sum of thirty-six dollars. The allowances increased by this section shall exclude any monthly amount payable by reason of any voluntary deposits made under the provisions of section 3307.26 of the Revised Code, except for prior service purchased before June 25, 1945. The increases provided by this section shall be granted notwithstanding the final average salary limitation in former sections 3307.38 and 3307.43 of the Revised Code. The cost of the increases provided by this section shall be included in the employer's contribution rate provided by sections 3307.28, 3307.30, and 3307.31 of the Revised Code. Such employer's contribution rate shall not be increased until July 1, 1969, or later to reflect the increased costs created by this section.
Ohio Rev Code § 3307.695 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.695 | Additional Monthly Payment as of 12-31-71.

Effective: June 29, 2001|Latest Legislation:  House Bill 299 - 124th General Assembly|On and after December 31, 1971, all persons who retired and were eligible to receive a pension that was payable prior to July 1, 1968, pursuant to former section 3307.38 or 3307.43 of the Revised Code, or in the event of the death of such persons, the person designated by the deceased to receive payments under former section 3307.50 of the Revised Code, shall receive an additional monthly payment of two dollars for each year between the member's effective date of retirement or disability and December 31, 1971, or an additional fifty dollars, whichever is less.
Ohio Rev Code § 3307.696 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.696 | Additional Monthly Payment Where Member Died Prior to 7-1-68.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|Each person receiving benefits under former section 3307.49 of the Revised Code who became eligible to receive such benefits under former section 3307.48 of the Revised Code by virtue of the death of a member prior to July 1, 1968, shall receive an additional monthly payment of two dollars for each year between the date of such member's death and December 31, 1972, or an additional fifty dollars, whichever is less.
Ohio Rev Code § 3307.697 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.697 | Additional Monthly Payment as of 12-19-73.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|On and after December 19, 1973, any person who retired or the retiree's beneficiary, who was eligible to receive an allowance that was first payable on or after July 1, 1968, and prior to July 1, 1971, and the beneficiary of a member who died before service retirement on or after July 1, 1968, and prior to July 1, 1971, receiving an allowance or benefit pursuant to former sections 3307.38, 3307.41, 3307.43, 3307.49, or 3307.50 of the Revised Code, shall receive an additional monthly payment of two dollars for each year between the member's effective date of retirement, disability or death and July 1, 1973.
Ohio Rev Code § 3307.698 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.698 | Increase in Monthly Allowance, Pension or Benefit Effective 7-1-81.

Effective: June 29, 2001|Latest Legislation:  House Bill 299 - 124th General Assembly|(A) Effective July 1, 1981, each person eligible to receive an allowance, pension, or benefit pursuant to former sections 3307.38, 3307.41, 3307.43, division (C)(1) of former section 3307.49, and former section 3307.50 of the Revised Code that was based upon an award made effective before July 1, 1974, shall have the person's monthly allowance, pension, or benefit increased by five per cent, except that the twelve-month sum of such increases shall not exceed five per cent of the first five thousand dollars of the annual allowance, pension, or benefit.(B) Effective July 1, 1981, each person receiving or qualified to receive a benefit, pursuant to division (C)(2) of former section 3307.49 of the Revised Code, that was effective on and after June 14, 1951, through August 26, 1970, shall receive an increase in such benefit of five per cent.(C) The increases provided in divisions (A) and (B) of this section shall be applied to the benefit payable on and after July 1, 1981.(D) The increase in the monthly allowance, pension, or benefit provided in divisions (A) and (B) of this section shall be included in the calculation of additional benefits to recipients under section 3307.67 of the Revised Code.(E) The benefit provided in divisions (A) and (B) of this section is a continuation of those first provided in Am. Sub. H.B. 204 as passed by the 113th general assembly.
Ohio Rev Code § 3307.699 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.699 | Increase in Benefits Established Prior to 2-1-83.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|As used in this section and section 3307.6910 of the Revised Code, "benefit" means any allowance, pension, or other benefit to which an individual is entitled and that the individual receives pursuant to former section 3307.38, 3307.41, 3307.43, 3307.49, or 3307.50 of the Revised Code.The annual amount of each benefit that was payable prior to February 1, 1983, shall, after the adjustments required by former section 3307.403 of the Revised Code, be increased by five per cent.
Ohio Rev Code § 3307.6910 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.6910 | Increase in Benefits for Awards Prior to 7-1-79.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|(A) The annual amount of each benefit that was based on an award made effective before July 1, 1979, shall be increased as follows: Per Cent ofEffective Date of Award Increase in BenefitPrior to July 1, 1971 4.15 July 1, 1971, through August 31, 19762.65 September 1, 1976, through June 30, 19791.4(B) Effective June 1, 1990, in addition to the increase provided under division (A) of this section, the annual amount of each benefit that was based on an award made effective before July 1, 1979, shall be increased as follows: Per Cent ofEffective Date of Award Increase in BenefitPrior to July 1, 1971 4.15July 1, 1971, through August 31, 19762.65September 1, 1976, through June 30, 19791.4(C) Amounts paid pursuant to this section shall not be included in the base for future increases under former section 3307.403 of the Revised Code in any benefit.
Ohio Rev Code § 3307.6911 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.6911 | Recalculating Benefits to Counter Effect of Inflation.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|(A) As used in this section:(1) "Benefit" means a benefit, pension, or allowance payable under former section 3307.38, 3307.41, 3307.43, 3307.431, 3307.49, or 3307.50 of the Revised Code.(2) "Cumulative percentage change in the CPI" means the total percentage change in the consumer price index prepared by the United States bureau of labor statistics for urban wage earners and clerical workers (CPI-W: U.S. city average, all items) from the thirty-first day of December immediately preceding the year in which the original benefit started through the thirty-first day of December immediately preceding August 6, 1997.(3) "Eligible recipient" means any person receiving a benefit on August 6, 1997, that has been payable to that person or to any other person for at least twelve months.(4) "Original benefit amount" means the initial amount of a benefit granted to the initial recipient of the benefit.(B) As of August 6, 1997, the state teachers retirement board shall determine an amount for each eligible recipient equal to the sum of the following amounts:(1) An amount equal to seventy per cent of the original benefit amount for the recipient;(2) An amount equal to the product obtained when seventy per cent of the original benefit amount is multiplied by the cumulative percentage change in the CPI for the recipient.(C)(1) Except as provided in division (C)(2) of this section, if the amount of the annual benefit payable to an eligible recipient on August 6, 1997, is less than the amount determined for the recipient under division (B) of this section, the board shall recalculate that annual benefit so that it equals the amount determined under division (B) of this section.(2) If the recalculated benefit determined under division (C)(1) of this section for an eligible recipient whose retirement was effective before July 1, 1979, is less than one hundred three per cent of the annual benefit payable to the recipient on August 6, 1997, the board shall recalculate the annual benefit so that it equals one hundred three per cent of the annual benefit payable to the recipient on August 6, 1997.An increase granted by division (C)(1) or (2) of this section to a benefit amount shall apply on and after the first day of the month following August 6, 1997.(D) The board shall include the increase in amount paid under this section in a person's base for purposes of future increases in any benefit under section 3307.67 of the Revised Code.
Ohio Rev Code § 3307.6913 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.6913 | Recalculating Annual Single Lifetime Benefit.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|(A) As used in this section and in section 3307.6914 of the Revised Code, "eligible recipient" means any person receiving a benefit on July 1, 1999.(B) For each eligible recipient of a benefit payable under section 3307.58, 3307.59, or 3307.60 of the Revised Code, the state teachers retirement board shall recalculate the annual single lifetime benefit, excluding any increases granted under section 3307.67 of the Revised Code, of the benefit payable to the recipient using division (B) of section 3307.38 of the Revised Code as that section existed immediately prior to the effective date of this section, except that the recalculated annual single lifetime benefit shall be adjusted by the per cent shown in the schedule in the version of division (B) of section 3307.38 of the Revised Code that was in effect at the time the initial recipient's benefit was calculated on the basis of age and service.(C) If the amount determined under division (B) of this section is greater than the annual single lifetime benefit granted the recipient, the board shall recalculate the recipient's benefit so that it equals the annual single lifetime benefit determined under division (B) of this section or its actuarial equivalent.(D) The board shall include the increase in amount paid under this section in an individual's base for purposes of future increase in any benefit under section 3307.67 of the Revised Code.(E) The board shall make the recalculations required under this section not later than one hundred eighty days after the effective date of this section. The board may adopt rules to implement this section.
Ohio Rev Code § 3307.70 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.70 | Purchasing Service Credits.

Effective: March 23, 2015|Latest Legislation:  Senate Bill 42 - 130th General Assembly|(A) A member of the state teachers retirement system who elects to purchase service credit described in section 3307.73, 3307.74, 3307.751, 3307.76, 3307.771, or 3307.78 of the Revised Code shall do both of the following:(1) Submit an application to the state teachers retirement board in a manner or form approved by the board;(2)(a) If the purchase will be completed not later than December 31, 2013, for each year, or portion of a year, of credit purchased, pay to the teachers' savings fund the amount specified by former section 3307.73, 3307.74, 3307.751, 3307.76, 3307.771, or 3307.78 of the Revised Code as the appropriate section existed immediately before January 7, 2013.(b) If the purchase will not be completed until on or after January 1, 2014, for each year, or portion of a year, of credit purchased, pay to the teachers' savings fund an amount specified by the board that is equal to one hundred per cent of the actuarial liability resulting from the purchase of that year or portion of a year of credit as determined by an actuary employed by the board.(c) If, on January 7, 2013, the purchase is being made through a payroll deduction plan under section 3307.701 of the Revised Code and at least one deduction has been made, pay to the teachers' savings fund the amount specified by former section 3307.73, 3307.74, 3307.751, 3307.76, 3307.771, or 3307.78 of the Revised Code as the appropriate section existed immediately before January 7, 2013.(B)(1) A purchase shall be considered completed for purposes of division (A)(2)(a) of this section only if the member's application is received by the retirement system as completed not later than December 31, 2013, and all payments are received by the retirement system not later than June 30, 2014.(2) A member purchasing credit through a payroll deduction plan under division (A)(2)(c) of this section may pay in a single payment the balance of the cost of the credit.(C) Subject to board rules, a member may choose to purchase only part of any eligible service credit in any one payment.(D) The board shall adopt rules establishing criteria for determining eligibility for purchases of service credit and procedures for purchases of credit under this section.Any determination of the board under this section shall be final.(E) Service credit purchased under this section shall be included in the member's total service credit.If a member dies or withdraws from service, any payment made by the member under this section shall be considered as accumulated contributions of the member.
Ohio Rev Code § 3307.71 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3307 | State Teachers Retirement System|Section 3307.71 | Restoring Service Credit.

Effective: March 22, 2019|Latest Legislation:  House Bill 572 - 132nd General Assembly|(A)(1) Except as provided in this section, section 3305.05, or section 3305.051 of the Revised Code, a member or former member of the state teachers retirement system participating in the STRS defined benefit plan who has at least one and one-half years of contributing service credit in this system, the public employees retirement system, the school employees retirement system, the Ohio police and fire pension fund, or the state highway patrol retirement system after the withdrawal and cancellation of service credit in this system may restore all or part of such service credit by repayment of the amount withdrawn. To this amount shall be added interest at a rate per annum, compounded annually, to be determined by the state teachers retirement board. Interest shall be payable from the first of the month of withdrawal through the month of repayment.(2) If the accumulated contributions were withdrawn under section 3307.561 of the Revised Code, service credit may be restored only if the member or former member accrued one and one-half years of service credit after the withdrawal and cancellation of service credit in this system.(B) A member may choose to purchase only part of such credit in any one payment. The cost for restoring partial service shall be calculated as the proportion that it bears to the total cost at the time of purchase and is subject to the rules established by the board. If a former member is eligible to buy the service credit as a member of the Ohio police and fire pension fund, the state highway patrol retirement system, or the city of Cincinnati Retirement System, the former member is ineligible to restore that service credit under this section.(C) The total payment to restore canceled service credit shall be credited as follows:(1) To the member's account in the teachers' savings fund, all of the following: (a) The portion of the payment that consists of contributions made under section 3307.26 of the Revised Code ; (b) Any interest on the contributions received by the member under division (A) (1), (2), or (3)(a) of section 3307.563 of the Revised Code ; (c) Any interest paid on the amounts described in divisions (C)(1)(a) and (b) of this section added to the payment under division (A)(1) of this section.(2) To the employers trust fund, all of the following: (a) The portion of the payment that consists of any amounts received by the member under division (A)(3)(b) of section 3307.563 of the Revised Code ; (b) Any interest paid on the amount described in division (C)(2)(a) of this section added to the payment under division (A)(1) of this section.