Ohio Code 148.041 – Informational materials
(A) Unless the employee will be automatically enrolled in the Ohio public employees deferred compensation program under section 148.042 of the Revised Code, whenever an eligible employee becomes employed in a position paid by warrant of the director of budget and management, the employee’s employer shall do both of the following at the time the employee completes the employee’s initial employment paperwork:
Terms Used In Ohio Code 148.041
- Another: when used to designate the owner of property which is the subject of an offense, includes not only natural persons but also every other owner of property. See Ohio Code 1.02
- Eligible employee: means any public employee, as defined in division (A) of section 145. See Ohio Code 148.01
- in writing: includes any representation of words, letters, symbols, or figures; this provision does not affect any law relating to signatures. See Ohio Code 1.59
- Participating employee: means any eligible employee who is having compensation deferred pursuant to either of the following:
(a) An agreement that is entered into before the compensation is earned and that is with the eligible employee's employer and the Ohio public employees deferred compensation board;
(b) Automatic enrollment in the Ohio public employees deferred compensation program under section 148. See Ohio Code 148.01
(1) Provide to the employee materials provided by the Ohio public employees deferred compensation board under division (D) of this section regarding the benefits of long-term savings through deferred compensation;
(2) Except as otherwise provided in division (E) of this section, secure, in writing or by electronic means, the employee’s election to participate or not participate in a deferred compensation program offered by the board.
(B) An election regarding participation under this section shall be made in the manner prescribed by the board.
(C) The employer shall forward each election completed under this section to the program not later than forty-five days after the date the employee’s employment begins.
(D) The board shall provide informational materials and participation forms to employers required to comply with this section.
(E) If an eligible employee transfers employment from one position paid by warrant of the director of budget and management to another position paid by warrant of the director of budget and management and, at the time of transfer, is a participating employee, the employee’s new employer shall not be required to secure the employee’s election to participate or not participate under division (A)(2) of this section.
Last updated June 10, 2021 at 12:32 PM