Lawriter - OAC - 145-1-80 Effect of applicant's death on payment plan.

145-1-80 Effect of applicant's death on payment plan.

(A) If a member has filed an application for retirement pursuant to section 145.32, 145.33, 145.331, 145.332, 145.37 or 145.46 of the Revised Code or article IX of the combined or member-directed plan documents and the member's death occurs subsequent to the effective retirement benefit date, the beneficiary and benefit payable shall be determined by the plan of payment and beneficiary designated by the member on the application for retirement benefits.

(B) If a PERS retirant or other system retirant as defined in section 145.38 of the Revised Code, or a retirant described in section 145.382, or 145.383 of the Revised Code has filed an application for a benefit pursuant to section 145.382, 145.383 or 145.384 of the Revised Code, and the retirant dies subsequent to the effective date of the benefit, the benefit payable to the beneficiary shall be determined by the plan specified by the retirant on the application.

Five Year Review (FYR) Dates: 09/29/2015 and 09/29/2020
Promulgated Under: 111.15
Statutory Authority: 145.09, 145.38
Rule Amplifies: 145.32, 145.33, 145.331, 145.332, 145.37, 145.38 , 145.382, 145.383, 145.384, 145.46
Prior Effective Dates: 2/15/67, 8/6/90, 2/3/92, 2/1/93, 11/2/00, 3/22/02, 1/1/03, 6/6/05 (Emer.), 8/11/05, 1/1/09, 1/7/13 (Emer.), 3/24/13

Prior History: (Effective: 03/24/2013
R.C. 119.032 review dates: 09/29/2015
Promulgated Under: 111.15
Statutory Authority: 145.09, 145.38
Rule Amplifies: 145.32, 145.33, 145.331, 145.332, 145.37, 145.38, 145.382, 145.383, 145.384, 145.46
Prior Effective Dates: 2/15/67, 8/6/90, 2/3/92, 2/1/93, 11/2/00, 3/22/02, 1/1/03, 6/6/05 (Emer.), 8/11/05, 1/1/09, 1/7/13 (Emer))