Ohio § 3307.692 Annual single lifetime benefit based on 30 or more years service

Ohio Statutes

§ 3307.692 — Annual single lifetime benefit based on 30 or more years service

Ohio § 3307.692

Title 33Education-Libraries

Ch. 3307State Teachers Retirement System

This text of Ohio § 3307.692 (Annual single lifetime benefit based on 30 or more years service) 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. § 3307.692 (2026).

Text

A retirant who on August 6, 1997, is eligible to receive an annual single lifetime benefit under former section3307.38,3307.41, or3307.50of 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.

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A retirant who on August 6, 1997, is eligible to receive an annual single lifetime benefit under former section3307.38,3307.41, or3307.50of 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.