OH HB296

Amends section 742.33 of the Revised Code to increase employer contribution rates for full-time municipal police officers to the Ohio Police and Fire Pension Fund

Establishes tiered contribution increases: 19.5% for salaries earned before December 31, 2023; 21% for 2024; 22% for 2025; 23% for 2026; and 24% for salaries earned January 1, 2027 and later

Requires employers to pay contributions monthly from their general fund or from levies imposed under specified sections of the Revised Code

Maintains existing requirement for municipal corporations with police relief and pension funds as of October 1, 1965 to levy a tax of three-tenths of one mill on property for paying contributions and accrued liabilities

Repeals existing section 742.33 in its entirety