145-2-60. Designation of beneficiaries under the multiple-life plan

The portion of the lesser amount continuing after death to two, three, or four surviving beneficiaries designated at the time of a member's retirement or at the time of commencement of a contributor's benefit under section 145.384 or 145.64 of the Revised Code shall be allocated among the beneficiaries in whole percentages only.

Five Year Review (FYR) Dates: 09/29/2016 and 09/29/2021
Promulgated Under: 111.15
Statutory Authority: 145.09
Rule Amplifies: 145.384, 145.46, 145.64
Prior Effective Dates: 10/27/06, 4/6/07 (Emer.), 7/1/07, 9/1/13 (Emer.), 9/16/13

Prior History: (Effective: 09/16/2013
R.C. 119.032 review dates: 09/29/2016
Promulgated Under: 111.15
Statutory Authority: 145.09
Rule Amplifies: 145.384, 145.46, 145.64
Prior Effective Dates: 10/27/06, 4/6/07 (Emer.), 7/1/07)