145-1-72 Division of property orders.

 

 

 

145-1-72                      Division of property orders.

 

 

 

(A)  For purposes of this rule:

 

(1)  "Order" means an order described in section 3105.81 of the Revised Code.

 

(2)   "Alternate payee," "benefit," "lump sum payment," and "participant" have the meanings set forth in divisions (A) to (D) of section 3105.80 of the Revised Code.

 

(B)

 

(1)The retirement system may retain an order that provides the last four digits of the participant or alternate payee's social security numbers.

 

(1)(2) Subsequent to the time After the public employees retirement system receives retains an order, an the alternate payee shall provide information required on a form provided by the retirement system. The retirement system shall not issue payment to the alternate payee until the retirement system receives the information required for payment. An The alternate payee shall notify this retirement system in writing of any change in the information.

 

(2)Any benefit or lump sum payment that is owed and unpaid to an alternate payee at the time of such payee's death shall be paid to the estate of the alternate payee.

 

(C)    Pursuant to section 3105.90 of the Revised Code, an order shall be on the form prescribed by the appendix to this rule. The public employees retirement system shall accept both the version of the form prescribed by the appendix to former rule 145-1-72, of the Administrative Code that was effective January 1, 2003 August 22, 2003,  and  the  version  of  the  form  prescribed  by  the  current  appendix  until

December 31, 2003June 30, 2010.

After

December 31, 2003June 30, 2010, the

public employees retirement system shall only accept the form prescribed by the current appendix.

(D)Any benefit or lump sum payment that is owed and unpaid to an alternate payee at the time of the alternate payee's death shall be paid to the estate of the alternate payee.

145-1-72                                                                                                                                2

Effective:                                                     01/01/2010

R.C. 119.032 review dates:                         09/29/2010

CERTIFIED ELECTRONICALLY

Certification

12/02/2009

Date

Promulgated Under:                           111.15

Statutory Authority:                           145.09.

Rule Amplifies:                                  145.561, 3105.80, 3105.81, 3105.82, 3105.821,

3105.83, 3105.84, 3105.85, 3105.86, 3105.87,

3105.88, 3105.89, 3105.90.

Prior Effective Dates:                         1/1/02 (Emer.), 3/22/02, 1/1/03, 8/22/03.