Rule 145-2-46 | Beneficiary's percentage under joint-life and multiple-life plans.

• Effective: January 1, 2025
• Promulgated Under: 111.15

Unless a court order specifically requires a member to allocate to the member's former spouse less than ten per cent of the member's monthly retirement allowance, the portion of a retirement allowance that continues after death to a member's surviving beneficiary pursuant to the plan of payment described in division (B)(1) or (B)(3) of section 145.46 of the Revised Code shall be expressed as a whole percentage and shall meet or exceed the greater of the following:

(A) Ten per cent of the member's monthly retirement allowance;

(B) A percentage that causes the beneficiary's monthly benefit to be at least fifty dollars.

Last updated January 2, 2025 at 9:55 AM

Supplemental Information

Authorized By: 145.09, 145.46
Amplifies: 145.32, 145.33, 145.331, 145.332, 145.335, 145.37, 145.46
Five Year Review Date: 9/30/2026
Prior Effective Dates: 7/1/2004, 10/27/2006, 4/6/2007 (Emer.), 7/1/2007, 1/1/2010, 1/7/2013 (Emer.), 3/24/2013, 9/1/2013 (Emer.), 9/16/2013, 1/1/2021