Ohio § 3309.692 Additional deposits to fund medical expenses

Ohio Statutes

§ 3309.692 — Additional deposits to fund medical expenses

Ohio § 3309.692

Title 33Education-Libraries

Ch. 3309Public School Employees Retirement System

This text of Ohio § 3309.692 (Additional deposits to fund medical expenses) 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. § 3309.692 (2026).

Text

As used in this section, "SERS defined benefit plan" means the plan established under sections3309.18to3309.70of the Revised Code and "SERS defined contribution plan" means the plan established under section3309.81of the Revised Code.

The SERS defined benefit plan or a SERS defined contribution plan may include a program under which a member participating in the plan or a member's employer is permitted to make additional deposits for the purpose of providing funds for the payment of health, medical, hospital, surgical, dental, or vision care expenses, including insurance premiums, deductible amounts, or copayments. The program may be a voluntary employees' beneficiary association, as described in section 501(c)(9) of the Internal Revenue Code, 26 U.S.C. 501(c)(9), as amended; an account d

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As used in this section, "SERS defined benefit plan" means the plan established under sections3309.18to3309.70of the Revised Code and "SERS defined contribution plan" means the plan established under section3309.81of the Revised Code.

The SERS defined benefit plan or a SERS defined contribution plan may include a program under which a member participating in the plan or a member's employer is permitted to make additional deposits for the purpose of providing funds for the payment of health, medical, hospital, surgical, dental, or vision care expenses, including insurance premiums, deductible amounts, or copayments. The program may be a voluntary employees' beneficiary association, as described in section 501(c)(9) of the Internal Revenue Code, 26 U.S.C. 501(c)(9), as amended; an account described in section 401(h) of the Internal Revenue Code, 26 U.S.C. 401(h), as amended; a medical savings account; or a similar type of program under which an individual may accumulate funds for the purpose of paying such expenses. To implement the program, the school employees retirement board may enter into agreements with insurance companies or other entities authorized to conduct business in this state.

If the SERS defined benefit plan or a SERS defined contribution plan includes a program described in this section, the board shall adopt rules to administer the program.