Section 3309-1-10 - Mandatory direct deposit(A) For purposes of this rule, "direct deposit" means an electronic fund transfer directly to an individual's account at a financial institution .(B) All retirement allowances and benefits payable under Chapter 3309 of the Revised Code shall be paid by direct deposit. (C) Individuals shall provide to the retirement system valid direct deposit account and routing numbers, the name and contact information of the financial institution, and such other information as may be required by the retirement system. The retirement system may withhold payment until the individual provides the information described in this paragraph.(D) If an individual resides outside the United States or experiences other circumstances such that compliance with this rule is impracticable, the individual may submit a written request for exemption from direct deposit and the retirement system staff shall approve or deny the request.Ohio Admin. Code 3309-1-10
Effective: 7/1/2022
Five Year Review (FYR) Dates: 2/24/2022 and 02/01/2027
Promulgated Under: 111.15
Statutory Authority: 3309.04
Rule Amplifies: 3309.03, 3309.341, 3309.344, 3309.35, 3309.36, 3309.3712, 3309.381, 3309.40, 3309.401, 3309.42, 3309.43, 3309.44, 3309.45, 3309.46, 3309.47, 3309.50, 3309.671
Prior Effective Dates: 01/01/2013, 04/20/2017