742-3-17 Withdrawal of retirement application.

 

 

 

742-3-17                      Withdrawal of retirement application for service retirement or disability benefits.

 

 

 

(A)    For a member of Ohio police and fire pension fund ("OP&F") who wishes to withdraw the retirementan application, whetherfor service retirement or disability benefits, the provisions of paragraph B, or C, or D shall govern, depending on which paragraph applies to the particular situation. For pending disability benefit applications, the withdrawal of the application is also governed by paragraph (C)(6) of rule 742-3-05 of the Administrative Code.

 

(B)   In cases where OP&F has not issued a warrant for the payment of the pension benefit or made a payment of the benefit through direct deposit, the member can withdraw the retirement application for service retirement or disability benefits by filing a written statement authorizing OP&F to withdraw the application. For pending disability applications, the withdrawal of the application is also governed by the provisions of paragraph (C)(6) of rule 742-3-05 of the Administrative Code.

 

(C)In cases where OP&F has already issued a warrant for the payment of the benefit, whether on a final or interim payment basis, whichever is the first to occur, the member must return the first and any subsequent warrants for the benefits uncashed to OP&F along with a written statement from the member authorizing OP&F to withdraw the application and revoke any direct deposit authorizations, if one exists and such writing and uncashed warrant(s) is(are) received by OP&F no later than thirty days after the date on which the first warrant was sent to the member by OP&F.

 

(D)(C) In cases where OP&F has already issued a warrant for the payment of the benefit, whether on a final oran interim or final payment basis, whichever is the first to occur, and made a payment through direct deposit, the member mustshall return the

first  warrant  and  any  subsequent  warrants  uncashed

to  OP&F  along  with  the

payment of any benefits made through direct deposit and. For benefit payments made through direct deposit, OP&F must be able to reverse the electronic funds transfer from the member's financial institution. The member shall also file with OP&F a written statement authorizing OP&F to withdraw the application for benefits and revoke any direct deposit authorizations, if any exists, and this mustauthorization. The member's written statement, uncashed warrants, and return of payments made through direct deposit shall be received by OP&F no later than thirty days after the date on which the first warrant was sent to the member or deposited into the member's accountby OP&F.

(E)(D) For a member of OP&F who fails to withdraw the retirement application for service retirement or disability bnefits in accordance with paragraph (B), or (C), or

(D)   of this rule, such person will be deemed to have accepted the benefit and no withdrawal will be permitted. In the case of disability benefit recipients, they will be prohibited from applying for any new, changed, or different benefit, except as

expressly provided for in division (D)(5) of section 742.38 of the Revised Code.

Effective:                                                             04/07/2016

Five Year Review (FYR) Dates:                         01/22/2016 and 04/07/2021

CERTIFIED ELECTRONICALLY

Certification

03/28/2016

Date

Promulgated Under:                           111.15

Statutory Authority:                           742.10

Rule Amplifies:                                  742.38

Prior Effective Dates:                         3/19/01, 2/16/06, 4/14/11