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

Universal Citation: OH Admin Code 742-3-28
Current through all regulations passed and filed through March 18, 2024

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

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