145-2-46 Beneficiary's percentage under "plan C".
Unless a court order specifically requires a member to allocate to the member's former spouse less than ten per cent of the member's monthly retirement allowance, the portion of a retirement allowance that continues after death to a member's sole surviving beneficiary pursuant to the plan of payment described in division (B)(3)(b) of section
145.46 of the Revised Code, as it existed immediately prior to January 7, 2013, or section 9.03(e)(2)(ii) of the combined plan document shall be expressed as a whole percentage and shall meet or exceed the greater of the following:
(A) Ten percent of the member's monthly retirement allowance;
(B) A percentage that causes the beneficiary's monthly benefit to be at least one hundred dollars.
145-2-46
Effective:
03/24/2013
2
R.C. 119.032 review dates:
09/29/2016
CERTIFIED ELECTRONICALLY
Certification
03/14/2013
Date
Promulgated Under:
111.15
Statutory Authority:
145.09, 145.46
Rule Amplifies:
Prior Effective Dates:
145.32, 145.33, 145.331, 145.332, 145.37, 145.46
7/01/04, 10/27/06, 4/6/07 (Emer.), 7/1/07, 1/1/10
Document Information
- Effective Date:
- 3/24/2013
- File Date:
- 2013-03-14
- Last Day in Effect:
- 2013-03-24
- Rule File:
- 145-2-46_FF_A_RU_20130314_0826.pdf
- Related Chapter/Rule NO.: (1)
- Ill. Adm. Code 145-2-46. Beneficiary's percentage under the joint-life and multiple-life plans