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Ohio Administrative Code (Last Updated: January 12, 2021) |
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742 Ohio Police and Fire Pension Fund |
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Chapter742-4. Deferred Retirement Option Plans |
742-4-18. Default plan of DROP benefit
Latest version.
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Unless OP&F receives a written notice of distribution from a surviving spouse or designated beneficiary, as the case may be, for any monies properly due such person under division (C) of section 742.446 of the Revised Code within thirty days of OP&F's notice to such person of the final DROP benefit to be distributed to that person under the foregoing statutory provision, OP&F will process all payments to the appropriate beneficiary based on a lump sum distribution. This default plan of payment, however, will not apply in the event that OP&F has no records to determine the surviving spouse or designated beneficiary of such payments or the address of such surviving spouse or designated beneficiary.