Ohio § 742.31
Full text of Ohio Ohio Revised Code § 742.31, with citation guidance and answers to common questions.
§ 742.31.
(A) Except as provided in division (B) of this section, each employee shall contribute
an amount equal to a percentage of the employee's salary to the Ohio police and fire
pension fund according to the following schedule: (1) For salary earned in pay periods beginning not later than July 1, 2013, ten per cent; (2) For salary earned in pay periods beginning not earlier than July 2, 2013, but not
later than July 1, 2014, ten and three-quarters per cent; (3) For salary earned in pay periods beginning not earlier than July 2, 2014, but not
later than July 1, 2015, eleven and one-half per cent; (4) For salary earned in pay periods beginning not earlier than July 2, 2015, twelve
and one-quarter per cent. (B) Following the actuarial investigation required by division (B) of section 742.14 of the Revised Code due on November 1, 2017, and following each quinquennial actuarial investigation
thereafter, if, in consultation with the board's actuary, the board determines that
an adjustment to the contribution rate is appropriate, the board may, in accordance
with rules adopted under section 742.10 of the Revised Code , do either of the following: (1) If the board's determination is that an increase in the contribution rate is necessary
to preserve the fiscal integrity of the fund, increase the contribution rate; (2) If the board's determination is that a decrease in the contribution rate would not
materially impair the fiscal integrity of the fund, decrease the contribution rate. (C) The amount shall be deducted by the employer from the employee's salary as defined
in division (L) of section 742.01 of the Revised Code for each payroll period, irrespective of whether the minimum compensation provided
by law for the employee is reduced thereby. Every employee shall be deemed to consent to the deductions, and payment to the
employee less the deductions is a complete discharge and acquittance of all claims
and demands for the services rendered by the employee during the period covered by
such payment.
Frequently Asked Questions About Ohio § 742.31
What does Ohio Revised Code § 742.31 cover?
Section 742.31 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 § 742.31?
A common citation format is "Ohio Revised Code § 742.31" (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 § 742.31 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.