Ohio § 3307.694 Additional allowance on or after 7/1/1968

Ohio Statutes

§ 3307.694 — Additional allowance on or after 7/1/1968

Ohio § 3307.694

Title 33Education-Libraries

Ch. 3307State Teachers Retirement System

This text of Ohio § 3307.694 (Additional allowance on or after 7/1/1968) 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. § 3307.694 (2026).

Text

On and after July 1, 1968, all allowances, pensions, or other benefits which were payable before July 1, 1968, pursuant to the provisions of former sections3307.26,3307.38,3307.41,3307.43,3307.49, and3307.50of the Revised Code, shall be increased by the percentages determined by the effective date of the allowance, pension, or benefit, as follows:

All increases determined by applying the percentages in the preceding table shall be reduced by the dollar amount of the increases granted in 1965 pursuant to divisions (D), (E), and (F) of former section3307.401of the Revised Code, except that no allowance, pension, or benefit shall be reduced below the amount due on June 30, 1968, and no allowance granted under this section shall be less than a total annual sum of thirty-six dollars.

The allo

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On and after July 1, 1968, all allowances, pensions, or other benefits which were payable before July 1, 1968, pursuant to the provisions of former sections3307.26,3307.38,3307.41,3307.43,3307.49, and3307.50of the Revised Code, shall be increased by the percentages determined by the effective date of the allowance, pension, or benefit, as follows:

All increases determined by applying the percentages in the preceding table shall be reduced by the dollar amount of the increases granted in 1965 pursuant to divisions (D), (E), and (F) of former section3307.401of the Revised Code, except that no allowance, pension, or benefit shall be reduced below the amount due on June 30, 1968, and no allowance granted under this section shall be less than a total annual sum of thirty-six dollars.

The allowances increased by this section shall exclude any monthly amount payable by reason of any voluntary deposits made under the provisions of section3307.26of the Revised Code, except for prior service purchased before June 25, 1945.

The increases provided by this section shall be granted notwithstanding the final average salary limitation in former sections3307.38and3307.43of the Revised Code.

The cost of the increases provided by this section shall be included in the employer's contribution rate provided by sections3307.28,3307.30, and3307.31of the Revised Code. Such employer's contribution rate shall not be increased until July 1, 1969, or later to reflect the increased costs created by this section.

Last updated September 4, 2025 at 5:20 PM