The bill amends several sections of the Revised Code to prohibit public employers from paying employee contributions to state retirement systems. Specifically, it introduces new language stating that contributions required under these sections shall not be paid by an employer on behalf of the employee, but may be treated as employer contributions for tax-deferred income purposes. This change applies to various retirement systems, including the public employees retirement system, Ohio police and fire pension fund, state teachers retirement system, and others. Additionally, the bill modifies collective bargaining provisions to clarify that the payment of contributions by public employers on behalf of employees is not an appropriate subject for collective bargaining.

Furthermore, the bill repeals existing sections of the Revised Code that conflict with these amendments. It establishes that the new provisions will apply to employment contracts with employees of school districts or other public schools entered into on or after the effective date of the bill. Overall, the legislation aims to shift the responsibility of retirement contributions from employers to employees, thereby altering the financial dynamics of public sector employment and retirement funding in Ohio.

Statutes affected:
As Introduced: 145.47, 742.31, 3307.27, 3309.47, 4117.08, 5505.15