Ohio § 3307.42 Acquiring vested right in pension when granted; suspension of benefits

Ohio Statutes

§ 3307.42 — Acquiring vested right in pension when granted; suspension of benefits

Ohio § 3307.42

Title 33Education-Libraries

Ch. 3307State Teachers Retirement System

This text of Ohio § 3307.42 (Acquiring vested right in pension when granted; suspension of benefits) 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. § 3307.42 (2026).

Text

(A)Except as provided in section3307.373of the Revised Code, the granting to any person of an allowance, annuity, pension, or other benefit under the STRS defined benefit plan, or the granting of a benefit under an STRS defined contribution plan, pursuant to an action of the state teachers' retirement board vests a right in such person, so long as the person remains the beneficiary of any of the funds established by section3307.14of the Revised Code, to receive the allowance, annuity, pension, or benefit at the rate fixed at the time of granting the allowance, annuity, pension, or benefit. Such right shall also be vested with equal effect in the beneficiary of a grant heretofore made from any of the funds named in section3307.14of the Revised Code.

(B)(1) The state teachers retirement sy

Free access — add to your briefcase to read the full text and ask questions with AI

(A) Except as provided in section3307.373of the Revised Code, the granting to any person of an allowance, annuity, pension, or other benefit under the STRS defined benefit plan, or the granting of a benefit under an STRS defined contribution plan, pursuant to an action of the state teachers' retirement board vests a right in such person, so long as the person remains the beneficiary of any of the funds established by section3307.14of the Revised Code, to receive the allowance, annuity, pension, or benefit at the rate fixed at the time of granting the allowance, annuity, pension, or benefit. Such right shall also be vested with equal effect in the beneficiary of a grant heretofore made from any of the funds named in section3307.14of the Revised Code.

(B)(1) The state teachers retirement system may suspend the benefit of a person receiving a benefit under section3307.58or3307.59of the Revised Code, a disability benefit under section3307.63or3307.631of the Revised Code, a survivor benefit under section3307.66of the Revised Code, any payment under section3307.352of the Revised Code, a benefit under section3307.60of the Revised Code as a beneficiary, or a benefit under an STRS defined contribution plan under either of the following circumstances:

(a) The retirement system has good cause to believe that the person receiving benefits is incapacitated and no other person or entity has legal authority to act or receive benefits on the person's behalf.

(b) The retirement system learns that the person receiving benefits is missing, and no person provides evidence satisfactory to the system that the person is alive and is entitled to receive benefits.

(2) Benefits shall resume on presentation of evidence satisfactory to the board of any of the following:

(a) The person is no longer incapacitated;

(b) Another person or entity has legal authority to act or receive benefits on the person's behalf;

(c) The person is alive and entitled to receive benefits.

Any missed payments shall be paid in a single lump sum payment.

(3) A benefit suspended under division (B)(1)(b) of this section shall be terminated on presentation to the board of a decree of presumed death. Notwithstanding section2121.04of the Revised Code, the termination shall be retroactive to the date the benefit was suspended.