H.B.
479
127th General Assembly
(As Introduced)
Reps. Evans and Foley, B. Williams
BILL SUMMARY
· Requires the chairperson of the Ohio Police and Fire Pension Fund Board of Trustees to be elected from among its employee and retirant Board members.
· Requires the Board to elect a retirant member every third year to serve as chairperson.
CONTENT AND OPERATION
(R.C. 742.03(B))
Current law provides that the Ohio Police and Fire Pension Fund (OP&F) Board of Trustees is to be comprised of the following members:
(1) Three investment members;
(2) Four employee members, comprised of two firefighters and two police officers;
(3) Two retirant members, comprised of one firefighter retirant and one police officer retirant.[1]
Members serve terms of four years.
(R.C. 742.03(C) and 742.07)
Current law requires the OP&F Board to annually elect a chairperson and vice-chairperson from among the Board's members to serve one-year terms.
The bill requires the OP&F Board to elect the chairperson from among its employee and retirant members. It further requires that the Board elect a retirant member every third year to serve as chairperson.
HISTORY
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ACTION |
DATE |
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Introduced |
02-14-08 |
h0479-i-127.doc/kl
[1] Retirant members are
either (1) OP&F members who are receiving age and service or disability
benefits as a result of service in a fire or police department or (2) the
surviving spouses of deceased members who are receiving benefits as a result of
the deceased members' service in a fire or police department. (R.C. 742.03(A).)