Ohio § 742.161 Adjustment to age and years of service credit

Ohio Statutes

§ 742.161 — Adjustment to age and years of service credit

Ohio § 742.161

Title 7Municipal Corporations

Ch. 742Police And Fire Pension Fund

This text of Ohio § 742.161 (Adjustment to age and years of service credit) 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. § 742.161 (2026).

Text

Following the actuarial investigation required by division (B) of section742.14of the Revised Code due on November 1, 2017, and following each quinquennial actuarial investigation thereafter, if, in consultation with its actuary, the Ohio police and fire pension fund board of trustees determines that an adjustment to the age and years of service credit required to receive a pension or benefit under division (C) of section742.37of the Revised Code is appropriate, the board may, in accordance with rules adopted under section742.10of the Revised Code, do either of the following:

(A)If the board's determination is that increasing the age and years of service requirements is necessary to preserve the fiscal integrity of the fund, increase the age and years of service credit require

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Following the actuarial investigation required by division (B) of section742.14of the Revised Code due on November 1, 2017, and following each quinquennial actuarial investigation thereafter, if, in consultation with its actuary, the Ohio police and fire pension fund board of trustees determines that an adjustment to the age and years of service credit required to receive a pension or benefit under division (C) of section742.37of the Revised Code is appropriate, the board may, in accordance with rules adopted under section742.10of the Revised Code, do either of the following:

(A) If the board's determination is that increasing the age and years of service requirements is necessary to preserve the fiscal integrity of the fund, increase the age and years of service credit required to receive a pension or benefit;

(B) If the board's determination is that reducing the age and years of service requirements would not materially impair the fiscal integrity of the fund, reduce the age and years of service credit required to receive a pension or benefit.