Ohio Code § 5505.163
Ohio Code § 5505.163. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5505.163.
(A) A retirant who retired prior to September 21, 1994, under section 5505.16 of the Revised Code may elect to receive the actuarial equivalent of the retirant's pension in a lesser
amount payable for the remainder of the retirant's life and continuing after death
to the retirant's surviving designated beneficiary under one of the optional plans
described in division (A)(2)(a), (b), or (c) of section 5505.162 of the Revised Code,
provided the annual amount payable to the designated beneficiary shall not exceed
the annual amount payable to the retirant, the amount is certified by the actuary
employed by the state highway patrol retirement system to be the actuarial equivalent
of the retirant's pension, and the state highway patrol retirement board approves
the amount. (B) A retirant interested in making the election authorized by division (A) of this section
shall file a notice of interest with the board not later than sixty days after June
30, 2000. The board shall advise the retirant with respect to the choices available under
the optional plans and have a determination made of the monthly pension payable under
the optional plan elected by the member for inclusion in the statement to be filed
under division (C) of this section. (C) To make the election authorized by division (A) of this section, a retirant shall
file a statement, on a form provided by the board, indicating that the retirant elects
to participate in the optional plan specified in the statement. The form must be filed with the board not later than one hundred twenty days after
June 30, 2000. (D) A notice or statement mailed to the board shall be considered to have been filed
on its postmark date. (E) Any option elected and payments made under this section shall be in addition to any
pension payable to the retirant's surviving spouse, children, or parents under section 5505.17 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5505.163
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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