Ohio § 742.53

§ 742.53.

(A) As used in this section: (1) “Long-term care insurance” has the same meaning as in section 3923.41 of the Revised Code . (2) “Retirement systems” has the same meaning as in division (A) of section 145.581 of the Revised Code . (B) The board of trustees of the Ohio police and fire pension fund may establish a program

under which members of the fund, employers on behalf of members, and persons receiving

service or disability pensions or survivor benefits are permitted to participate in

contracts for long-term care insurance.  Participation may include dependents and family members.  If a participant in a contract for long-term care insurance leaves employment, the

participant and the participant's dependents and family members may, at their election,

continue to participate in a program established under this section in the same manner

as if the participant had not left employment, except that no part of the cost of

the insurance shall be paid by the participant's former employer. Such program may be established independently or jointly with one or more of the other

retirement systems. (C) The fund may enter into an agreement with insurance companies, health insuring corporations,

or government agencies authorized to do business in the state for issuance of a long-term

care policy or contract.  However, prior to entering into such an agreement with an insurance company or health

insuring corporation, the fund shall request the superintendent of insurance to certify

the financial condition of the company or corporation.  The fund shall not enter into the agreement if, according to that certification,

the company or corporation is insolvent, is determined by the superintendent to be

potentially unable to fulfill its contractual obligations, or is placed under an order

of rehabilitation or conservation by a court of competent jurisdiction or under an

order of supervision by the superintendent. (D) The board may adopt rules in accordance with section 111.15 of the Revised Code governing the program.  Any rules adopted by the board shall establish methods of payment for participation

under this section, which may include establishment of a payroll deduction plan under section 742.56 of the Revised Code , deduction of the full premium charged from a person's service or disability pension

or survivor benefit, or any other method of payment considered appropriate by the

board.  If the program is established jointly with one or more of the other retirement systems,

the rules also shall establish the terms and conditions of such joint participation.