742-4-18 Default plan of DROP benefit.

Unless OP&F receives a written notice of distribution from a surviving spouse or duly named beneficiary, as the case may be, for any monies properly due such person under division (C) of section 742.446 of the Revised Code within thirty days of OP&F’s notice to such person of the final DROP benefit to be distributed to that person under the foregoing statutory provision, OP&F will process all payments to the appropriate beneficiary based on a lump sum distribution. This default plan of payment, however, will not apply in the event that OP&F has no records to determine the surviving spouse or beneficiary of such payments or the address of such surviving spouse or duly named beneficiary.

R.C. 119.032 review dates: 05/09/2008 and 05/09/2013

Promulgated Under: 111.15

Statutory Authority: 742.10, 742.43

Rule Amplifies: 742.446

Prior Effective Dates: 4/6/2003