Section 145-3-15 - Calculation of amount due retirant with multiple beneficiaries under the multiple-life plan(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.Ohio Admin. Code 145-3-15
Five Year Review (FYR) Dates: 9/30/2019 and 09/29/2024
Promulgated Under: 111.15
Statutory Authority: 145.09
Rule Amplifies: 145.80
Prior Effective Dates: 10/27/2006, 09/01/2013 (Emer.), 09/16/2013Five 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