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OH HB541
Bill
Status
Introduced
1/24/2022
Primary Sponsor
Brigid Kelly
Click for details
AI Summary
- Amends five sections of Ohio Revised Code (145.112, 742.111, 3307.151, 3309.155, and 5505.08) to modify conflict-of-interest restrictions for state retirement systems
- Removes the "within the preceding three years" time limitation and replaces it with "at any time" language, expanding the prohibition to cover anyone ever employed by or serving as an officer or board member of a retirement system
- Applies the expanded restriction to 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
- Prohibits these systems from conducting business with former employees, officers, or board members who would benefit monetarily from investment decisions
- Repeals the existing versions of the five amended code sections
Legislative Description
Regards persons state retirement systems may do business with
State and Local Government : State Government
Last Action
Refer to Committee: Insurance
2/15/2022
Committee Referrals
Insurance2/15/2022
Full Bill Text
No bill text available