reglab/housing_qa huggingface dataset:
Ohio Rev Code § 3309.159 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.159 | Designation of Ohio-Qualified Investment Managers - Utilization - Annual Report.

Effective: September 29, 2015|Latest Legislation:  House Bill 64 - 131st General Assembly|(A) The school employees 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 5725., 5726., 5733., 5747., or 5751. of the Revised Code.(2) The investment manager meets one of the following requirements:(a) Has its corporate headquarters or principal place of business in this state;(b) Employs at least five hundred individuals in this state;(c) Has a principal place of business in this state and employs at least twenty residents of this state.(B)(1) The board shall, at least annually, establish a policy with the goal to increase utilization by the board of Ohio-qualified investment managers, when an Ohio-qualified investment manager offers quality, services, and safety comparable to other investment managers otherwise available to the board. The policy shall also provide for the following:(a) A process whereby the board can develop a list of Ohio-qualified investment managers and their investment products;(b) A process whereby the board can give public notice to Ohio-qualified investment managers of the board's search for an investment manager that includes the board's search criteria.(2) The board shall determine whether an investment manager is an Ohio-qualified investment manager and whether the investment manager offers quality, services, and safety comparable to other investment managers otherwise available to the board. The board's determination shall be final.
Ohio Rev Code § 3309.16 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.16 | Denomination or Consolidation of Bonds.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|Bonds purchased from any taxing district of the state shall be in the denomination required by the school employees retirement board in its resolution of purchase, or the board may by its resolution require that all bonds of any series of bonds purchased by it from any taxing district be consolidated and issued as one bond, the principal amount of which shall be equal to the aggregate amount of all the bonds of said series, which principal together with the interest thereon shall be paid in installments evidenced by and payable upon the surrender of combined principal and interest coupons attached thereto, which coupons shall each separately state the amounts of principal and interest included therein.
Ohio Rev Code § 3309.17 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.17 | Record of Proceedings Between Board and Taxing District.

Effective: April 9, 2001|Latest Legislation:  Senate Bill 270 - 123rd General Assembly|The proper officers of each taxing district issuing the bonds provided for in section 3309.16 of the Revised Code shall, without additional procedure or legislation on their part, comply with this chapter, except that the proper accounting officer of such taxing district and the secretary of its sinking fund shall make and keep a detailed record of any such changes required by the school employees retirement board. The board shall not change the date of maturity of any part of the principal or interest of any bond issue, nor shall it require a bond of any issue to be of a larger denomination, nor any partial payment of principal to be of greater amount than the aggregate amount of such issue falling due at any date.
Ohio Rev Code § 3309.18 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.18 | Interest Credited Annually.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|Interest deposited in the guarantee fund created by section 3309.60 of the Revised Code shall be credited annually to the various funds, except the expense fund.
Ohio Rev Code § 3309.19 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.19 | Trustee or Employee of Board Shall Have No Interest in Profits nor Borrow Funds.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|No trustee and no employee of the school employees 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 his services. No trustee or employee of the said board, directly or indirectly, for himself or as an agent or partner of others, shall borrow any of its funds or deposits or use the same except to make such current and necessary payments as are authorized by the board; nor shall any member or employee of said board become an indorser or surety or become in any manner an obligor for moneys loaned by or borrowed from the board.
Ohio Rev Code § 3309.20 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.20 | Maintenance of Individual Account.

Effective: June 30, 1991|Latest Legislation:  House Bill 382 - 119th General Assembly|The school employees retirement board shall provide for the maintenance of an individual account with each contributor showing the amount of his contributions and the interest accumulations thereon. It 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 liabilities of the various funds created by section 3309.60 of the Revised Code. Upon the basis of the mortality and service experience of the members, retirants, and beneficiaries of the school employees retirement system, or SERS retirants and other system retirants as defined in section 3309.341 of the Revised Code, the board shall adopt the tables to be used for valuation purposes and for determining the amount of annuities to be allowed on the basis of the contributions.
Ohio Rev Code § 3309.211 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.211 | Amortizing Unfunded Actuarial Accrued Pension Liability.

Effective: March 7, 1997|Latest Legislation:  Senate Bill 82 - 121st General Assembly|The school employees retirement board shall establish a period of not more than thirty years to amortize the school employees retirement system's unfunded actuarial accrued pension liability. The board shall adopt a plan that specifies how it proposes to meet the thirty-year amortization period not later than June 30, 2007. If in any year the period necessary to amortize the unfunded actuarial accrued pension liability exceeds thirty years, as determined by the annual actuarial valuation required by section 3309.21 of the Revised Code, the board, not later than ninety days after receipt of the valuation, shall prepare and submit to the Ohio retirement study commission and the standing committees of the house of representatives and the senate with primary responsibility for retirement legislation a report that includes the following information:(A) The number of years needed to amortize the unfunded actuarial accrued pension liability as determined by the annual actuarial valuation;(B) A plan approved by the board that indicates how the board will reduce the amortization period of the unfunded actuarial accrued pension liability to not more than thirty years;(C) Whether the board has made any progress in meeting the thirty-year amortization period.
Ohio Rev Code § 3309.23 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.23 | Contributors to School Employees Retirement System.

Effective: September 29, 2017|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) Except as provided in division (B) of this section, the following shall be contributors to the school employees retirement system:(1) All employees, as defined in division (B) of section 3309.01 of the Revised Code;(2) The employees of an existing or newly created employer unit as defined in division (A) of section 3309.01 of the Revised Code, supported in whole or in part by the state or any political subdivision thereof and wholly controlled and managed by the state or any subdivision thereof. Such employees shall become contributors on the same terms and conditions as provided by this chapter, provided the board of trustees or other managing body of such school, college, or other institution, if such institution is now in existence or if in existence on such date, shall agree by formal resolution to accept all the requirements and obligations imposed by this chapter upon employers. A certified copy of the resolution shall be filed with the school employees retirement board. When such resolution has been adopted and a copy of it filed with the school employees retirement board, it shall not later be subject to rescission or abrogation. Service in such schools, colleges, or other institutions shall be then considered in every way the same as service in the public schools.(3) All other individuals who become members.(B) The following individuals may choose to be exempt from compulsory membership by filing a written application for exemption with the employer within the first month after being employed:(1) A student who is not a member at the time of employment and who is employed by the school, college, or university in which the student is enrolled and regularly attending classes;(2) An emergency employee serving on a temporary basis in case of fire, snow, earthquake, flood, or other similar emergency;(3) An individual employed in a program established pursuant to the "Workforce Innovation and Opportunity Act," 29 U.S.C. 3101 et seq., or any other federal job training program.(C) A member may elect to have employment by the school, college, or university at which the member is enrolled and regularly attending classes exempted from contribution to the retirement system by filing a written application with the member's employer within the first month after being so employed.(D) In all cases of doubt pertaining to contributors on an individual or group basis or the status of existing or newly created employer units, the decision shall be made by the retirement board, and such decision shall be final.
Ohio Rev Code § 3309.24 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.24 | Members of Local District Pension System Excluded From Membership - Membership by Petition.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|Members of a local district pension system maintained under the laws of the state from appropriations or contributions made wholly or in part by any employer and existing on July 14, 1937, are hereby excluded from membership in the school employees retirement system. If a majority of all employees participating in any such local district pension system apply for membership in the school employees retirement system by a petition duly signed and verified, approved by their employer, and filed with the school employees retirement board, all employees included in the membership of such local district pension system shall become members of the school employees retirement system at such time within three months after the filing of such petition and the compliance with sections 3309.63 to 3309.65, inclusive, of the Revised Code, relative to the dissolution and discontinuance of such local district pension system as the board designates.
Ohio Rev Code § 3309.25 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.25 | Information to New Employees.

Effective: April 9, 2001|Latest Legislation:  Senate Bill 270 - 123rd General Assembly|On receipt of notice under section 3309.55 of the Revised Code of the employment of a new employee, the school employees retirement system shall inform the employee of the requirements of section 3309.251 of the Revised Code.
Ohio Rev Code § 3309.251 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.251 | Electing Defined Benefit or Defined Contribution Plan.

Effective: August 1, 2005|Latest Legislation:  Senate Bill 133 - 125th General Assembly|(A) Except as provided in division (D) of this section, an individual who becomes a member of the school employees retirement system on or after the date on which the school employees retirement board establishes a plan under section 3309.81 of the Revised Code shall make an election under this section. Not later than one hundred eighty days after the date on which employment begins, the individual shall elect to participate either in the plan described in sections 3309.18 to 3309.70 of the Revised Code or one of the plans established under section 3309.81 of the Revised Code. If a form evidencing an election under this section is not on file with the employer at the end of the one-hundred-eighty-day period, the individual is deemed to have elected to participate in the plan described in sections 3309.18 to 3309.70 of the Revised Code.(B) An election under this section shall be made in writing on a form provided by the retirement system and filed with the employer's personnel officer. Not later than ten days after receiving the form evidencing the election, the employer shall transmit to the system a copy that includes a statement certifying that it is a true and accurate copy of the original.(C) An election under this section shall take effect on the date employment began and is irrevocable on receipt by the employer.(D) An individual is ineligible to make an election under this section if either of the following applies:(1) At the time employment begins, the individual is already a member or contributor participating in the plan described in sections 3309.18 to 3309.70 of the Revised Code or an SERS retirant, as defined in section 3309.341 of the Revised Code.(2) An election to participate in an alternative retirement plan under section 3305.05 or 3305.051 of the Revised Code is in effect for employment covered by the system.
Ohio Rev Code § 3309.252 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.252 | Employee With Less Than 5 Years of Service Electing to Participate in Defined Contribution Plan.

Effective: April 9, 2001|Latest Legislation:  Senate Bill 270 - 123rd General Assembly|(A) A member of the school employees retirement system, who, as of the last day of the month immediately preceding the date on which the system establishes a plan under section 3309.81 of the Revised Code, has less than five years of total service credit is eligible to make an election under this section.Not later than one hundred eighty days after the day the board first establishes one or more plans under section 3309.81 of the Revised Code, an eligible member may elect to participate in a plan established under that section. If an election is not made, a member to whom this section applies is deemed to have elected to continue participating in the plan described in sections 3309.18 to 3309.70 of the Revised Code.(B) An election under this section shall be made in writing on a form provided by the system and filed with the system.(C) On receipt of an election under this section, the system shall do both of the following:(1) Credit to the account of the member in the defined contribution fund the accumulated contributions standing to the member's credit in the employees' savings fund;(2) Cancel all service credit and eligibility for any payment, benefit, or right under the plan described in sections 3309.18 to 3309.70 of the Revised Code.(D) An election under this section shall be irrevocable on receipt by the system.
Ohio Rev Code § 3309.253 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.253 | Effect of Electing Defined Contribution Plan.

Effective: April 9, 2001|Latest Legislation:  Senate Bill 270 - 123rd General Assembly|A member of the school employees retirement system who elects to participate in a plan established under section 3309.81 of the Revised Code shall be ineligible for any benefit or payment under sections 3309.18 to 3309.70 of the Revised Code and shall be forever barred from claiming or purchasing service credit with any state retirement system, as defined in section 145.30 of the Revised Code, for service covered by the election.
Ohio Rev Code § 3309.26 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.26 | Restoring Service Credit.

Effective: March 23, 2015|Latest Legislation:  Senate Bill 42 - 130th General Assembly|(A) The membership of any person in the school employees retirement system shall terminate if the person withdraws the person's accumulated contributions, retires on a retirement allowance as provided in sections 3309.36 and 3309.381 of the Revised Code, or dies, unless otherwise provided in Chapter 3309. of the Revised Code.(B) A former member with an account in the employees' savings fund who formerly lost membership shall be reinstated as a member with all the rights, privileges, and obligations as provided in Chapter 3309. of the Revised Code.(C)(1) Except as provided in this section, a member or former member of the school employees retirement system with at least one and one-half years of contributing service credit in this system, the public employees retirement system, the state teachers retirement system, the Ohio police and fire pension fund, or the state highway patrol retirement system, subsequent to the withdrawal of contributions and cancellation of service credit in this system may restore such service credit by redepositing in the employees' savings fund the amount withdrawn with interest at a rate to be determined by the board, compounded annually, from the first of the month of withdrawal to and including the month of redeposit.(2) If the accumulated contributions were withdrawn under section 3309.43 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 of the accumulated contributions.(D) A member may choose to purchase only part of such credit in any one payment, subject to board rules. The total payment to restore cancelled service credit, plus any interest credited thereto, shall be considered as accumulated contributions of the member. 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.
Ohio Rev Code § 3309.261 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.261 | Payroll Deduction Plans - Restoring Pers or Sters Credit.

Effective: March 23, 2015|Latest Legislation:  Senate Bill 42 - 130th General Assembly|(A) A member of the school employees retirement system who has at least eighteen months of contributing service credit in the system, the Ohio police and fire pension fund, public employees retirement system, state teachers retirement system, or state highway patrol retirement system, and is a former member of or no longer contributing to the public employees retirement system or state teachers retirement system may restore service credit under section 145.31 or 3307.71 of the Revised Code by making payments pursuant to this section through a payroll deduction plan established under section 3309.27 of the Revised Code. A member seeking to restore service credit shall notify the school employees retirement system on a form approved by the school employees retirement board. After receiving the notice, the school employees retirement system shall request that the former retirement system calculate under section 145.312 or 3307.712 of the Revised Code the cost to the member to restore service credit for each year or portion of a year of service for which the member seeks to restore the service credit. The amount the former retirement system certifies as the cost of restoring the service credit, plus interest described in division (B) of this section, is the cost to the member of restoring the service credit. On receiving the certification from the former retirement system, the school employees retirement system shall notify the member of the cost.(B) For each year or portion of a year of service credit restored under section 145.31 or 3307.71 of the Revised Code, a member shall pay to the school employees retirement system the amount certified by the former retirement system plus interest at a rate specified by the former retirement system under section 145.312 or 3307.712 of the Revised Code for the period during which deductions are made under section 3309.27 of the Revised Code.(C) The school employees retirement board shall at least annually transmit to the former retirement system notice and any payments made to restore service credit under section 145.31 or 3307.71 of the Revised Code. The former retirement system shall restore the service credit for the year or portion of a year for which the payment was made.(D) The board shall adopt rules to implement this section.
Ohio Rev Code § 3309.262 (2021)
2021 Ohio Revised Code|Title 33 | Education-Libraries|Chapter 3309 | Public School Employees Retirement System|Section 3309.262 | Proceedings on Request for Restoration of Service Credit.

Effective: July 13, 2000|Latest Legislation:  Senate Bill 190 - 123rd General Assembly|After receiving a request from the public employees retirement system under division (A) of section 145.311 or the state teachers retirement system under division (A) of section 3307.711 of the Revised Code, the school employees retirement system shall do both of the following:(A) Calculate and certify to the requesting retirement system the cost to a former member to restore service credit under section 3309.26 of the Revised Code for each year or portion of a year for which the former member seeks to purchase service credit under that section.(B) Inform the requesting retirement system of the rate of interest charged to a member under a payroll deduction plan authorized under section 3309.27 of the Revised Code.