Ohio Administrative Code
Title 742 - Ohio Police and Fire Pension Fund
Chapter 742-3 - Retirement
Section 742-3-28 - Plan of payment selection for DROP participants
In cases where a member designates a beneficiary upon the person's election to participate in DROP and the member is required to elect a joint and survivor annuity pursuant to a court order , the member shall have the right to designate a former spouse as an additional beneficiary under division (A)(4) of section 742.3711 of the Revised Code in such cases without a corresponding reduction in DROP benefits. In all other cases, the member will not be permitted to make additional selections of beneficiaries upon the person's retirement.
Effective: 1/30/2017
Five Year Review
(FYR) Dates: 11/15/2016 and
01/20/2022
Promulgated
Under: 111.15
Statutory
Authority: 742.10
Rule
Amplifies: 742.3711
Prior
Effective Dates: 10/23/06(Emer),
01/07/2007