Ohio HB833 amends the state retirement defined contribution plans to include various investment options.
Ohio HB833 amends the state retirement defined contribution plans to include various investment options. The Public Employees Retirement Board, State Teachers Retirement Board, and School Employees Retirement Board are required to establish plans with individual accounts for each member, where benefits depend on accumulated account amounts. These plans may offer options for lifetime income, including life insurance, annuities, variable annuities, regulated investment trusts, pooled investment funds, or other investments.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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