Ohio § 5505.50 Deferred retirement option plan

Ohio Statutes

§ 5505.50 — Deferred retirement option plan

Ohio § 5505.50

Title 55Roads-Highways-Bridges

Ch. 5505Highway Patrol Retirement System

This text of Ohio § 5505.50 (Deferred retirement option plan) 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. § 5505.50 (2026).

Text

The state highway patrol retirement board shall establish and administer a deferred retirement option plan. In establishing and administering the plan, the board shall comply with sections5505.51to5505.59of the Revised Code and may do all things necessary to meet the requirements of section 401(a) of the "Internal Revenue Code of 1986," (26 U.S.C. 401(a)) as amended, applicable to governmental plans.

The board shall adopt rules to implement this section and sections5505.51to5505.59of the Revised Code. The rules shall specify the date of initial implementation of the plan established under this section. The rules may also specify a period during which an election made under section5505.51of the Revised Code may be rescinded.

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The state highway patrol retirement board shall establish and administer a deferred retirement option plan. In establishing and administering the plan, the board shall comply with sections5505.51to5505.59of the Revised Code and may do all things necessary to meet the requirements of section 401(a) of the "Internal Revenue Code of 1986," (26 U.S.C. 401(a)) as amended, applicable to governmental plans.

The board shall adopt rules to implement this section and sections5505.51to5505.59of the Revised Code. The rules shall specify the date of initial implementation of the plan established under this section. The rules may also specify a period during which an election made under section5505.51of the Revised Code may be rescinded.