OH SB220

Authorizes the Ohio Public Employees Deferred Compensation Board to establish designated Roth account features and other tax-deferred or nontax-deferred contribution options in government deferred compensation plans under 26 U.S.C. 457.

Permits local governments (counties, park districts, conservancy districts, sanitary districts, health districts, public libraries, and others) to establish designated Roth account features in their deferred compensation programs in accordance with federal law.

Clarifies that contributions to Roth account features and other nontax-deferred features shall be included in the computation of federal and state income taxes withheld on behalf of employees, while traditional tax-deferred contributions remain excluded from tax withholding calculations.

Maintains existing requirement that deferred income continues to be counted as regular compensation for purposes of computing retirement system contributions and benefits, regardless of the account type.