Ohio § 742.375 Credit for time served in state highway patrol retirement system

Ohio Statutes

§ 742.375 — Credit for time served in state highway patrol retirement system

Ohio § 742.375

Title 7Municipal Corporations

Ch. 742Police And Fire Pension Fund

This text of Ohio § 742.375 (Credit for time served in state highway patrol retirement system) 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. § 742.375 (2026).

Text

Except for service credit transferred under section742.214of the Revised Code, a member of the fund who is in the active service of a police or fire department, is not receiving a pension or benefit payment from the Ohio police and fire pension fund, and is not a participant in the deferred retirement option plan established under section742.43of the Revised Code shall, in computing years of active service in such department under division (C) of section742.37or section742.39of the Revised Code, be given full credit for the time served in the state highway patrol retirement system, provided such member pays into the Ohio police and fire pension fund the amount received by the member under section5505.19of the Revised Code, with interest compounded annually thereon at a rate to be determine

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Except for service credit transferred under section742.214of the Revised Code, a member of the fund who is in the active service of a police or fire department, is not receiving a pension or benefit payment from the Ohio police and fire pension fund, and is not a participant in the deferred retirement option plan established under section742.43of the Revised Code shall, in computing years of active service in such department under division (C) of section742.37or section742.39of the Revised Code, be given full credit for the time served in the state highway patrol retirement system, provided such member pays into the Ohio police and fire pension fund the amount received by the member under section5505.19of the Revised Code, with interest compounded annually thereon at a rate to be determined by the board of trustees of the Ohio police and fire pension fund from the date of such receipt to the date of such deposit. The member may choose to purchase only part of such credit in any one payment, subject to board rules.

Upon certification by the board to the board of the state highway patrol retirement system of such payment by the member of the fund, the state highway patrol retirement board shall pay from the employer's accumulation fund under division (C) of section5505.03of the Revised Code to the Ohio police and fire pension fund an amount equal to the payment of the member of the fund.