As used in this section, “STRS defined benefit plan” means the plan established under sections 3307.50 to 3307.79 of the Revised Code and “STRS defined contribution plan” means a plan established under section 3307.81 of the Revised Code.

Terms Used In Ohio Code 3307.393

  • Employer: means the board of education, school district, governing authority of any community school established under Chapter 3314 of the Revised Code, a science, technology, engineering, and mathematics school established under Chapter 3326 of the Revised Code, college, university, institution, or other agency within the state by which a teacher is employed and paid. See Ohio Code 3307.01
  • Member: means any person included in the membership of the state teachers retirement system, which shall consist of all teachers and contributors as defined in divisions (B) and (D) of this section and all disability benefit recipients, as defined in section 3307. See Ohio Code 3307.01
  • state: means the state of Ohio. See Ohio Code 1.59
  • STRS defined benefit plan: means the plan described in sections 3307. See Ohio Code 3307.01
  • STRS defined contribution plan: means the plans established under section 3307. See Ohio Code 3307.01

The STRS defined benefit plan or a STRS defined contribution plan may include a program under which a member participating in the plan or a member’s employer is permitted to make additional deposits for the purpose of providing funds for the payment of health, medical, hospital, surgical, dental, or vision care expenses, including insurance premiums, deductible amounts, or copayments. The program may be a voluntary employees’ beneficiary association, as described in section 501(c)(9) of the Internal Revenue Code, 26 U.S.C. § 501(c)(9), as amended; an account described in section 401(h) of the Internal Revenue Code, 26 U.S.C. § 401(h), as amended; a medical savings account; or a similar type of program under which an individual may accumulate funds for the purpose of paying such expenses. To implement the program, the state teachers retirement board may enter into agreements with insurance companies or other entities authorized to conduct business in this state.

If the STRS defined benefit plan or a STRS defined contribution plan includes a program described in this section, the board shall adopt rules to establish and administer the program.