Ohio § 5505.15
Full text of Ohio Ohio Revised Code § 5505.15, with citation guidance and answers to common questions.
§ 5505.15.
(A) A member of the state highway patrol retirement system shall contribute a certain
percentage of the member's annual salary to the state highway patrol retirement fund. The percentage shall be not less than ten per cent of the member's annual salary
but not more than fourteen per cent. The state highway patrol retirement board shall establish and may adjust the rate
as it considers necessary to meet the amortization period requirement of section 5505.121 of the Revised Code . The board shall base its determination of the necessary rate on the annual actuarial
valuation required by section 5505.12 of the Revised Code . The amount shall be deducted by the employer from the employee's salary for each
payroll period. (B) The state shall annually pay into the employer accumulation fund, in monthly or less
frequent installments as the state highway patrol retirement board requires, the employer
contribution. The employer contribution shall be an amount equal to twenty-six and one-half per
cent of the total salaries paid contributing members. If a member severs connection with the patrol or is dismissed, the employer contribution
shall remain in the retirement system. The rate percentage of the employer contribution shall be certified by the board to
the director of budget and management and shall not be lower than nine per cent of
the total salaries paid contributing members and shall not exceed three times the
rate percentage being deducted from the annual salaries of contributing members. The board shall prepare and submit to the director, on or before the first day of
November of each even-numbered year, an estimate of the amounts necessary to pay the
state's obligations accruing during the biennium beginning the first day of July of
the following year. Such amounts shall be included in the budget and allocated as certified by the board.
Frequently Asked Questions About Ohio § 5505.15
What does Ohio Revised Code § 5505.15 cover?
Section 5505.15 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5505.15?
A common citation format is "Ohio Revised Code § 5505.15" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5505.15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.