Ohio § 742.442 Determining pension amount if electing to participate in deferred retirement option plan

Ohio Statutes

§ 742.442 — Determining pension amount if electing to participate in deferred retirement option plan

Ohio § 742.442

Title 7Municipal Corporations

Ch. 742Police And Fire Pension Fund

This text of Ohio § 742.442 (Determining pension amount if electing to participate in 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. § 742.442 (2026).

Text

For each member who elects to participate in  the deferred retirement option plan, the Ohio police and fire  pension fund shall determine under division (C)(1) of section742.37of the Revised Code the monthly pension amount that would  be payable to the member had the member elected to receive a  pension under that division. In determining the pension amount,  the fund shall use the member's total service credit and average  annual salary as of the last day of the employer's payroll period  immediately prior to the effective date of the member's election  to participate in the plan. The pension amount shall be calculated  as a retirement allowance payable for the member's life, except  that, if at the time of electing to participate in the plan the  member selected the plan of payment in op

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For each member who elects to participate in the deferred retirement option plan, the Ohio police and fire pension fund shall determine under division (C)(1) of section742.37of the Revised Code the monthly pension amount that would be payable to the member had the member elected to receive a pension under that division. In determining the pension amount, the fund shall use the member's total service credit and average annual salary as of the last day of the employer's payroll period immediately prior to the effective date of the member's election to participate in the plan. The pension amount shall be calculated as a retirement allowance payable for the member's life, except that, if at the time of electing to participate in the plan the member selected the plan of payment in option 2 of division (A) of section742.3711of the Revised Code, the pension shall be calculated using that plan of payment.

A member who participates in the plan is not eligible to make an election under division (D) of section742.3716of the Revised Code.