(A)Except as otherwise provided in this division, each person who on September 9, 1988, is receiving a pension or benefit of less than five thousand dollars annually under division (A) or (B) of section742.37of the Revised Code on the basis of disability or service of twenty-five years or more, under division (C)(1) of that section, or under division (C)(2) or (5) of former section742.37of the Revised Code shall have the pension or benefit increased to five thousand dollars a year, effective July 1, 1988. This division does not apply to any person receiving a pension or benefit based on funded volunteer or funded part-time service.
(B)On and after July 1, 1988:
(1)The pension of each person receiving a pension or benefit under division (D) of section742.37of the Revised Code shall be
Free access — add to your briefcase to read the full text and ask questions with AI
(A) Except as otherwise provided in this division, each person who on September 9, 1988, is receiving a pension or benefit of less than five thousand dollars annually under division (A) or (B) of section742.37of the Revised Code on the basis of disability or service of twenty-five years or more, under division (C)(1) of that section, or under division (C)(2) or (5) of former section742.37of the Revised Code shall have the pension or benefit increased to five thousand dollars a year, effective July 1, 1988. This division does not apply to any person receiving a pension or benefit based on funded volunteer or funded part-time service.
(B) On and after July 1, 1988:
(1) The pension of each person receiving a pension or benefit under division (D) of section742.37of the Revised Code shall be increased to four hundred ten dollars a month.
(2) The pension of each person receiving a pension or benefit under division (E) of section742.37of the Revised Code shall be increased to one hundred eighteen dollars a month.
(C) Notwithstanding any average annual salary limitation in section742.37of the Revised Code, each person who on July 1, 1999, is receiving an annual pension or benefit described in division (A), (B), or (C)(1) or (3) of that section of less than six thousand six hundred dollars shall have the pension increased to that amount, effective July 1, 1999. The increase granted under this division shall be included in a person's base for the purpose of determining future increases under section742.3716of the Revised Code.
(D)(1) Except as provided in division (D)(2) of this section, the monthly pension of each person who is the surviving spouse of a deceased member of the fund and on March 17, 2000, is receiving a pension of less than the amount described in division (D)(1) of section742.37of the Revised Code shall be increased as follows:
(a) For the period beginning on the first day of the first month following March 17, 2000, and ending June 30, 2000, to five hundred fifty dollars;
(b) For the period beginning July 1, 2000, and the first day of July of each year thereafter and continuing for the following twelve months, to an amount equal to the greater of five hundred fifty dollars or the monthly amount paid during the prior twelve-month period plus sixteen dollars and fifty cents.
(2) An increase under division (D)(1) of this section shall not be paid to a person who is receiving a pension under division (D)(2) of section742.37of the Revised Code and a benefit under division (B) or (D) of section742.63of the Revised Code until the person ceases to be eligible for a benefit under division (B) or (D) of section742.63of the Revised Code. The person's monthly pension shall be increased, effective the first day of the first month following the date on which the person ceases to be eligible for the benefit, to the amount it would be under division (D)(1) of this section had the person never been eligible for a benefit under division (B) or (D) of section742.63of the Revised Code.
(E) The monthly pension of each person receiving a pension under division (E) of section742.37of the Revised Code shall be increased to one hundred fifty dollars effective July 1, 1999.
(F) Effective July 1, 1999, the monthly pension of each person receiving a pension under division (F) of section742.37of the Revised Code shall be increased as follows:
(1) If there are two dependent parents, to one hundred dollars;
(2) If there is one dependent parent, to two hundred dollars.