Ohio Administrative Code
Title 145 - Public Employees Retirement System
Chapter 145-2 - Service Credit
Section 145-2-37 - Deferral of survivor benefits

Universal Citation: OH Admin Code 145-2-37

Current through all regulations passed and filed through March 18, 2024

(A) This rule applies to the payment of a benefit to a surviving spouse who has not attained age sixty-five and who elects, pursuant to division (A) of section 145.45 of the Revised Code, to defer receipt of such benefit.

(B)

(1) The benefit shall be calculated as if payable on the first day of the month following the death of the member.

(2) Notwithstanding paragraph (B)(1) of this rule, the monthly benefit will accumulate and be paid in a single sum no earlier than the first of the month following the surviving spouse's attainment of age sixty-five.

(3) Interest shall accumulate during the time of deferral at the interest rate described in division (B) of section 145.473 of the Revised Code.

(C) The amount calculated under this rule shall not be reduced due to a later recalculation as provided in section 3 of Amended Substitute House Bill 268 of the 111th General Assembly.

Five Year Review (FYR) Dates: 09/29/2016 and 09/29/2021
Promulgated Under: 111.15
Statutory Authority: 145.09
Rule Amplifies: 145.45, 145.473
Prior Effective Dates: 8/20/76, 8/31/92, 11/2/00, 1/1/03, 1/1/07

Disclaimer: These regulations may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.