Ohio Administrative Code
Title 145 - Public Employees Retirement System
Chapter 145-1 - Benefits
Section 145-1-64 - Death of designated beneficiary
Current through all regulations passed and filed through September 16, 2024
(A) This rule applies to a beneficiary designation in which two or more persons are designated as beneficiaries under section 145.384, 145.43, or 145.65 of the Revised Code, section 13.02 of the combined plan document, or section 11.02 of the member-directed plan document.
(B) The death of a designated beneficiary prior to the death of a contributor shall cancel only the designation of the deceased beneficiary. The percentage of the lump sum payment that would have been paid to the deceased beneficiary shall be apportioned equally to the contributor's remaining designated beneficiaries.
Replaces: 4/6/07(Emer.)
Five Year Review (FYR) Dates:
09/29/2015 and
09/29/2020
Promulgated
Under: 111.15
Statutory
Authority: 145.09
Rule
Amplifies: 145.384,
145.43,
145.65
Prior
Effective Dates: 4/6/07 (Emer.),
7/1/07
