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This website publishes administrative rules on their effective dates, as designated by the adopting state agencies, colleges, and universities.

Rule 145-3-15 | Calculation of amount due retirant with multiple beneficiaries under the multiple-life plan.

 

(A) This rule amplifies section 9.03(e) of the combined plan document and, in the case of a monthly annuity payment option only, sections 9.02 of the combined and member-directed plan documents.

(B) Calculation of the amount due to a retirant receiving a benefit pursuant to a plan of payment under which a portion of the benefit continues, after the death of the retirant, to two, three, or four surviving beneficiaries shall be calculated in accordance with rule 145-2-62 of the Administrative Code.

Supplemental Information

Authorized By: 145.09
Amplifies: 145.80
Five Year Review Date: 9/29/2024
Prior Effective Dates: 10/27/2006, 9/1/2013 (Emer.)