OH SB83

Excludes overtime compensation exceeding the greater of either: (1) the member's overtime during any of the three years before the two highest-earning years, or (2) overtime assigned under uniform employer criteria

Excludes percentage salary increases exceeding the greater of either: (1) the highest percentage increase during the three years before the two highest-earning years, or (2) increases applied uniformly to all employees by the employer

Contributions made on excluded compensation are treated as additional deposits to the member's account for additional annuity income rather than counting toward pension benefits

Requires the Public Employees Retirement Board to notify retiring members of excluded amounts and hold a hearing upon request to determine if up to $7,500 of excluded compensation should be included "for good cause"

Applies adjustments to the definition of "earnable salary" and "final average salary" used to calculate Public Employees Retirement System benefits