Vote Smart's Synopsis:

Vote to pass a bill that increases contributions to the state's Police and Fire Pension Fund in Ohio.

Highlights:

• Increases contributions to the state's Police and Fire Pension Fund in Ohio by the following pay period amounts, including (Sec. 1):

• 19.5 cents on pay period salaries beginning before July 1, 2025;

• 20.25 cents on pay period salaries beginning after July 1, 2025, but before June 30, 2026;

• 21 cents on pay period salaries beginning after July 1, 2026, but before June 30, 2027;

• 21.75 cents on pay period salaries beginning after July 1, 2027, but before June 30, 2028;

• 22.5 cents on pay period salaries beginning after July 1, 2028, but before June 30, 2029;

• 23.25 cents on pay period salaries beginning after July 1, 2029, but before June 30, 2030; and

• 24 cents on pay period salaries beginning on or after July 1, 2030.

• Repeals currently existing sections 742.31 and 742.33 of the state Revised Code (Sec. 2).

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 2).

Full Bill Text