Ohio § 3305.01 Alternative retirement program definitions

Ohio Statutes

§ 3305.01 — Alternative retirement program definitions

Ohio § 3305.01

Title 33Education-Libraries

Ch. 3305Alternative Retirement Plans

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Bluebook

Ohio Rev. Code Ann. § 3305.01 (2026).

Text

As used in this chapter:

(A)"Public institution of higher education" means a state university as defined in section3345.011of the Revised Code, the northeast Ohio medical university, or a university branch, technical college, state community college, community college, or municipal university established or operating under Chapter 3345., 3349., 3354., 3355., 3357., or 3358. of the Revised Code.

(B)"State retirement system" means the public employees retirement system created under Chapter 145. of the Revised Code, the state teachers retirement system created under Chapter 3307. of the Revised Code, or the school employees retirement system created under Chapter 3309. of the Revised Code.

(C)"Eligible employee" means any person employed as a full-time employee of a public in

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As used in this chapter:

(A) "Public institution of higher education" means a state university as defined in section3345.011of the Revised Code, the northeast Ohio medical university, or a university branch, technical college, state community college, community college, or municipal university established or operating under Chapter 3345., 3349., 3354., 3355., 3357., or 3358. of the Revised Code.

(B) "State retirement system" means the public employees retirement system created under Chapter 145. of the Revised Code, the state teachers retirement system created under Chapter 3307. of the Revised Code, or the school employees retirement system created under Chapter 3309. of the Revised Code.

(C) "Eligible employee" means any person employed as a full-time employee of a public institution of higher education.

In all cases of doubt, the board of trustees of the public institution of higher education shall determine whether any person is an eligible employee for purposes of this chapter, and the board's decision shall be final.

(D) "Electing employee" means any eligible employee who elects, pursuant to section3305.05or3305.051of the Revised Code, to participate in an alternative retirement plan provided pursuant to this chapter or an eligible employee who is required to participate in an alternative retirement plan pursuant to division (C)(3) of section3305.05or division (F) of section3305.051of the Revised Code.

(E) "Compensation," for purposes of an electing employee, has the same meaning as the applicable one of the following:

(1) If the electing employee would be subject to Chapter 145. of the Revised Code had the employee not made an election pursuant to section3305.05or3305.051of the Revised Code, "earnable salary" as defined in division (R) of section145.01of the Revised Code;

(2) If the electing employee would be subject to Chapter 3307. of the Revised Code had the employee not made an election pursuant to section3305.05or3305.051of the Revised Code, "compensation" as defined in division (L) of section3307.01of the Revised Code;

(3) If the electing employee would be subject to Chapter 3309. of the Revised Code had the employee not made an election pursuant to section3305.05or3305.051of the Revised Code, "compensation" as defined in division (V) of section3309.01of the Revised Code.

(F) "Vendor" means an entity designated under section3305.03of the Revised Code as eligible to be a provider of investment options for an alternative retirement plan.

(G) "Provider" means, with respect to each public institution of higher education, a vendor that has entered into an agreement with that public institution of higher education in accordance with section3305.04of the Revised Code.