145-1-39. [Effective 1/1/2021] Replacement of payments

The public employees retirement system may issue a replacement payment for a previously issued payment which has been lost, stolen or destroyed if the payee of such payment makes application for a replacement payment on a form provided by the retirement system. The replacement payment shall not be issued any earlier than five business days after a stop payment order is made on the previous payment. Any replacement payments issued by a third-party administrator shall be issued in accordance with the operating policies of the third-party administrator.

Effective: 1/1/2021
Five Year Review (FYR) Dates: 9/30/2020 and 09/25/2025
Promulgated Under: 111.15
Statutory Authority: 145.09, 145.80
Rule Amplifies: 145.33, 145.331, 145.332, 145.36, 145.361, 145.37, 145.384, 145.40, 145.43, 145.45, 145.46, 145.63, 145.64, 145.65, 145.81
Prior Effective Dates: 10/21/1970, 04/05/1993, 01/01/2003, 01/01/2006, 04/06/2007 (Emer.), 07/01/2007, 01/01/2011, 01/07/2013 (Emer.), 03/24/2013