3307-2-04 Payment of allowances and benefits.

The state teachers retirement system is authorized to pay monthly retirement allowances and other statutorily mandated benefits during the interim period which may occur between the date such allowances and benefits are payable and the date the retirement board can act as provided in Chapter 3307. of the Revised Code, as such authority so granted is considered necessary to the proper operation of the retirement system.

Payment of disability benefits stipulated in section 3307.63 or 3307.631 of the Revised Code is authorized to be paid by the state teachers retirement system when the board has acted to grant the benefit.

Effective: 06/02/2013
R.C. 119.032 review dates: 03/18/2013 and 05/23/2018
Promulgated Under: 111.15
Statutory Authority: 3307.04
Rule Amplifies: 3307.04
Prior Effective Dates: 12/23/76, 12/26/81, 7/1/01 (Emer.), 9/17/01, 7/24/08