OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM ... - OPERS

(B) The board need not make the hospital insurance coverage described in division (A) of
this section available to any person for whom it is prohibited by section 145.58 of the Revised
Code from paying or reimbursing the premium cost of such insurance.
(ENACTED: HB 402, Eff. 12/14/67; HB 1, Eff. 6/13/75; HB 1, Eff. 8/26/77; HB 126, Eff. 6/13/81; SB 346, Eff.
7/29/92; HB 628, 9/21/00)
Sec. 145.326 Additional monthly benefit; payment from state treasury
On and after December 31, 1971, all persons who retired and were eligible to receive a
pension that was payable prior to July 1, 1968, pursuant to sections 145.33, 145.34, or 145.36 of
the Revised Code, or in the event of the death of such persons, the person designated by the
deceased to receive payments under section 145.46 of the Revised Code, shall receive an
additional monthly payment of two dollars for each year between the member's effective date of
retirement or disability and December 31, 1971, or an additional fifty dollars, whichever is less.
(ENACTED: HB 284, Eff. 12/31/71; HB 830, Eff. 9/28/79; HB 299, Eff. 6/29/01)
Sec. 145.327 Additional monthly payments
Each person receiving benefits under section 145.45 of the Revised Code who became
eligible to receive such benefits under section 145.43 of the Revised Code by virtue of the death
of a member prior to July 1, 1968, shall receive an additional monthly payment of two dollars for
each year between the date of such member's death and December 31, 1972, or an additional fifty
dollars, whichever is less.
(ENACTED: HB 377, Eff. 12/30/72)
Sec. 145.328 Increase in monthly benefit
On and after the effective date of this section, any person who retired or his beneficiary,
who was eligible to receive an allowance that was first payable on or after July 1, 1968, and prior
to July 1, 1971, and the beneficiary of a member who died before service retirement on or after
July 1, 1968, and prior to July 1, 1971, receiving an allowance or benefit pursuant to section
145.33, 145.34, 145.36, 145.37, 145.45, or 145.46 of the Revised Code, shall receive an
additional monthly payment of two dollars for each year between the member's effective date of
retirement, disability, or death and July 1, 1973.
(ENACTED: HB 214, Eff. 12/19/73)
Sec. 145.329 Recalculation of benefits
(A) On and after the first day of the month following the effective date of this section,
each person eligible to receive a benefit, pursuant to sections 145.33, 145.34, 145.36, 145.37,
division (A) of section 145.45, and section 145.46 of the Revised Code, that was based upon an
award made effective before June 30, 1955, shall have the benefit payable as of September 30,
1974, recalculated by the public employees retirement board so that each person shall receive an
annual single lifetime benefit or its actuarial equivalent of not less than one hundred forty dollars
for each year of the member's total service credit, except that service credit exceeding thirty-two
years shall not be used in the recalculation, and a final average salary limitation shall not be
applied.
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