3309.10 Expenses - liability insurance.
3309.10 Expenses - liability insurance.
(A) The members of the school employees retirement board shall serve without compensation from the retirement system, but they shall be reimbursed from the expense fund for any loss of compensation they may suffer through serving on the board, provided, that the regular employee contribution shall be withheld from any such reimbursements to cover loss of compensation and credited to the member’s savings account, or the board member or former board member may pay all such amounts direct to the retirement system. The corresponding employer contribution shall be transferred annually from the expense fund and applied in the same manner as the employers’ trust fund contribution payment by the district, from which the member’s regular contributions are reported. The members of the board shall be reimbursed from the expense fund for all actual necessary expenses incurred while serving on the board.
(B) The board may secure insurance coverage designed to indemnify board members and employees for their actions or conduct in the performance of official duties, and may pay required premiums for such coverage from the expense fund.
(C) The board shall adopt rules in accordance with section 111.15 of the Revised Code establishing a policy for reimbursement of travel expenses incurred by board members in the performance of their official duties. As part of any audit performed under Chapter 117. of the Revised Code, an inquiry shall be made into whether board members have complied with these rules.
(D) No board member shall accept payment or reimbursement for travel expenses, other than for meals and other food and beverages provided to the member, from any source other than the expense fund. Except in the case of an emergency, no out-of-state travel expenses shall be reimbursed unless approved in advance by a majority of the board at a regular board meeting.
Effective Date: 08-25-1995