(A) Effective July 1, 1953 all annuities, retirement allowances, and benefits provided by law and payable in monthly installments shall be due and payable in full on the first day of the month.
(B) All annuities, retirement allowances, and benefits shall be paid on the first day of the month due.
(C) The retirement system may suspend any annuity, retirement allowance or benefit if the system has good cause to believe either of the following:
(1) That a retirant or benefit recipient may be incapacitated, and no other person has authority to act or receive payment on the retirant or benefit recipient's behalf; or
(2) That a retirant or benefit recipient is deceased or missing.
Five Year Review (FYR) Dates: 01/06/2015 and 02/01/2019
Promulgated Under: 111.15
Statutory Authority: 3309.04
Rule Amplifies: 3309.341, 3309.35, 3309.36, 3309.381, 3309.40, 3309.401, 3309.45, 3309.46
Prior Effective Dates: 12/24/76, 1/7/13