Ohio § 3305.053 Selection and change of providers under alternative plan

Ohio Statutes

§ 3305.053 — Selection and change of providers under alternative plan

Ohio § 3305.053

Title 33Education-Libraries

Ch. 3305Alternative Retirement Plans

This text of Ohio § 3305.053 (Selection and change of providers under alternative plan) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3305.053 (2026).

Text

The board of trustees of a public institution of higher education shall permit an employee who makes an election under section3305.05or3305.051of the Revised Code to do all of the following:

(A)Select, from among the providers that have entered into an agreement with the public institution of higher education under section3305.04of the Revised Code, the provider of an investment option for that employee;

(B)Subject to any terms and conditions established by the public institution of higher education, change the provider selected under division (A) of this section any time during the plan year.

(C)If under division (B) of this section an employee changes providers, the employee may direct the provider to transfer to the new provider the employee's account balance either in

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The board of trustees of a public institution of higher education shall permit an employee who makes an election under section3305.05or3305.051of the Revised Code to do all of the following:

(A) Select, from among the providers that have entered into an agreement with the public institution of higher education under section3305.04of the Revised Code, the provider of an investment option for that employee;

(B) Subject to any terms and conditions established by the public institution of higher education, change the provider selected under division (A) of this section any time during the plan year.

(C) If under division (B) of this section an employee changes providers, the employee may direct the provider to transfer to the new provider the employee's account balance either in whole or in part, as directed by the employee, except that the provider is not required to immediately transfer any part of the account invested at the employee's election in a fixed annuity account if the contract with the employee under which the investment was made permits the provider to make such a transfer over a period of time not exceeding ten years and the contract was filed with and approved by the department of insurance pursuant to section3911.011of the Revised Code.

Last updated July 15, 2025 at 3:00 PM