Ohio § 5505.121 Amortizing state highway patrol retirement system's unfunded actuarial accrued pension liabilities

Ohio Statutes

§ 5505.121 — Amortizing state highway patrol retirement system's unfunded actuarial accrued pension liabilities

Ohio § 5505.121

Title 55Roads-Highways-Bridges

Ch. 5505Highway Patrol Retirement System

This text of Ohio § 5505.121 (Amortizing state highway patrol retirement system's unfunded actuarial accrued pension liabilities) 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. § 5505.121 (2026).

Text

The state highway patrol retirement board shall establish a period of not more than thirty years to amortize the state highway patrol retirement system's unfunded actuarial accrued pension liabilities. If in any year the period necessary to amortize the unfunded actuarial accrued pension liability exceeds thirty years, as determined by the annual actuarial valuation required by section5505.12of the Revised Code, the board, not later than ninety days after receipt of the valuation, shall prepare and submit to the Ohio retirement study commission and the standing committees of the house of representatives and the senate with primary responsibility for retirement legislation a report that includes the following information:

(A)The number of years needed to amortize the unfunded actuarial ac

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

The state highway patrol retirement board shall establish a period of not more than thirty years to amortize the state highway patrol retirement system's unfunded actuarial accrued pension liabilities. If in any year the period necessary to amortize the unfunded actuarial accrued pension liability exceeds thirty years, as determined by the annual actuarial valuation required by section5505.12of the Revised Code, the board, not later than ninety days after receipt of the valuation, shall prepare and submit to the Ohio retirement study commission and the standing committees of the house of representatives and the senate with primary responsibility for retirement legislation a report that includes the following information:

(A) The number of years needed to amortize the unfunded actuarial accrued pension liability as determined by the annual actuarial valuation;

(B) A plan approved by the board that indicates how the board will reduce the amortization period of unfunded actuarial accrued pension liability to not more than thirty years.