OH HB516

Amends five Ohio Revised Code sections (145.112, 742.111, 3307.151, 3309.155, and 5505.08) to clarify prohibitions on state retirement systems conducting business with former employees, officers, or board members.

Changes the temporal language from "within the preceding three years" to "at any time" to establish a permanent rather than time-limited prohibition on business relationships with former retirement system personnel.

Applies the expanded prohibition across five state retirement systems: Public Employees Retirement System, Ohio Police and Fire Pension Fund, State Teachers Retirement System, School Employees Retirement System, and State Highway Patrol Retirement System.

Maintains the core restrictions that prevent prohibited individuals and entities they own or control from entering investment contracts or receiving monetary benefits from investment decisions that would have been affected by their prior positions.

Corrects grammatical language in existing statute by changing "his" pronouns to "the person's" for clarity and precision.