# Ohio Rev. Code § 5505.07: Secretary, actuary, and employees - compensation and expenses

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.07

## Section

- **Citation:** Ohio Rev. Code § 5505.07
- **Heading:** Secretary, actuary, and employees - compensation and expenses
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 55 / Chapter 5505 / § 5505.07

## Text

September 15, 2004 Senate Bill 133 - 125th General Assembly (A) The state highway patrol retirement board may employ a secretary and secure the services of employees for the transaction of business of the state highway patrol retirement system. Effective ninety days after the effective date of this amendment, the board may not employ a state retirement system investment officer, as defined in section 1707.01 of the Revised Code, who does not hold a valid state retirement system investment officer license issued by the division of securities in the department of commerce. The compensation of all persons engaged by the board and all other expenses of the board necessary for the proper operation of the pension fund shall be paid at such rates and in such amounts as the board approves. Every expense voucher of an employee, officer, or board member of the state highway patrol retirement system shall itemize all purchases and expenditures. (B) The clerical procedures required in the operation of the retirement system shall be performed by the staff of the secretary appointed by the board. The cost of such clerical procedures and the services performed by the secretary of the retirement system shall be paid by the retirement system. (C) The board shall appoint an actuary who shall be its technical advisor. (D) The board shall from time to time adopt such mortality and other tables of experience, and such rate or rates of interest, as are required in the proper operation of the retirement system. (E) The board shall determine by appropriate rules the service to be credited any member in any calendar year. The board shall perform other functions and adopt rules as required for the proper execution of Chapter 5505. of the Revised Code. Last updated October 14, 2025 at 3:37 PM

## Nearby sections

- [Ohio Rev. Code § 5505.01 § 5505.01. Highway patrol retirement system definitions](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.01.md)
- [Ohio Rev. Code § 5505.02 § 5505.02. State highway patrol pension fund established - membership mandatory](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.02.md)
- [Ohio Rev. Code § 5505.03 § 5505.03. Creation of funds](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.03.md)
- [Ohio Rev. Code § 5505.04 § 5505.04. State highway patrol retirement board organization and rules](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.04.md)
- [Ohio Rev. Code § 5505.05 § 5505.05. Oath - expenses - liability insurance](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.05.md)
- [Ohio Rev. Code § 5505.06 § 5505.06. Investment and fiduciary duties of state highway patrol retirement board](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.06.md)
- [Ohio Rev. Code § 5505.07 § 5505.07. Secretary, actuary, and employees - compensation and expenses](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.07.md)
- [Ohio Rev. Code § 5505.08 § 5505.08. No participation by trustees](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.08.md)
- [Ohio Rev. Code § 5505.09 § 5505.09. Bonds of taxing districts may be offered to board](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.09.md)
- [Ohio Rev. Code § 5505.10 § 5505.10. Deposit and security](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.10.md)
- [Ohio Rev. Code § 5505.11 § 5505.11. Treasurer of state is treasurer of state highway patrol retirement system](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.11.md)
- [Ohio Rev. Code § 5505.12 § 5505.12. Actuarial valuation of pension assets, liabilities, and funding requirements of state highway patrol retirement system](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.12.md)
- [Ohio Rev. Code § 5505.14 § 5505.14. Certificate of prior service](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.14.md)
- [Ohio Rev. Code § 5505.15 § 5505.15. Employer contribution](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.15.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.07. Check the current official text before relying on it. Not legal advice.