If a vacancy occurs during the term of office of any elected member of the retirement board, the remaining members of the retirement board shall elect a successor member, as specified in section 3307.06 of the Revised Code, in the following manner:
(A) Upon being notified that a vacancy occurs, each remaining member of the retirement board shall have forty-five days in which to nominate one eligible candidate for consideration of election to the vacancy by notifying the secretary to the board of such nomination.
(B) The secretary to the retirement board shall notify each nominee of his/her nomination and request that within ten days of receipt of the notice he/she submit to the retirement board biographical information related to his/her nomination on a questionnaire which shall be identical to the one used for the last regular election of a member to the retirement board.
(C) At the first meeting of the retirement board following the deadline for receipt of said questionnaires, the retirement board, through successive public votes, shall elect the successor member. Through successive public votes those nominees receiving the lowest number of votes shall be dropped from the list of nominees. The nominee receiving a majority of votes cast shall be elected the successor member and shall hold office until the first day of the new term that follows the next board election that occurs not less than ninety days after the successor member's election.