Ohio Administrative Code
Title 145 - Public Employees Retirement System
Chapter 145-3 - Contributions
Section 145-3-15 - Calculation of amount due retirant with multiple beneficiaries under the multiple-life plan
Current through all regulations passed and filed through September 16, 2024
(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.
Five Year Review (FYR) Dates:
09/24/2014 and
09/24/2019
Promulgated
Under: 111.15
Statutory Authority: 145.09
Rule Amplifies:
145.80
Prior Effective Dates: 10/27/06, 9/1/13 (Emer.),
9/16/13
