Ohio Code 742.34 – Firefighter employers’ contribution
(A) Each employer shall pay monthly, on such dates as the board of trustees of the Ohio police and fire pension fund requires, from its general fund, or from a levy imposed pursuant to division (I), (W), or (JJ) of section 5705.19 of the Revised Code, to the fund an amount known as the “firefighter employers’ contribution,” which shall be twenty-four per cent of the salaries as defined in division (L) of section 742.01 of the Revised Code of the members of the fire department of the employer.
Terms Used In Ohio Code 742.34
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Employer: means the government entity by which an employee is employed and paid. See Ohio Code 742.01
- Fire department: means a fire department of the state or an instrumentality of the state or of a municipal corporation, township, joint fire district, or other political subdivision. See Ohio Code 742.01
- Personal property: All property that is not real property.
(B) The taxing authority of each municipal corporation in which there was a firemen’s relief and pension fund on October 1, 1965, shall annually, in the manner provided for making other municipal levies and in addition to all other levies authorized by law, levy a tax of three-tenths of one mill upon all the real and personal property as listed for taxation in the municipal corporation for the purpose of paying the firefighter employers’ contribution and the municipal corporation’s accrued liability for its former firemen’s relief and pension fund and interest thereon, and of defraying the current operating expenses of the municipal corporation. The annual revenues derived from the tax shall be used in the following order:
(1) First, to pay the current firefighter employers’ contribution and any interest related thereto;
(2) Second, to pay any accrued liability chargeable to the municipal corporation during the current calendar year for its former firemen’s relief and pension fund and any interest related thereto;
(3) Third, to defray the current operating expenses of the municipal corporation.