145-2-46 Beneficiary's percentage under the joint-life and multiple-life plans.

 

 

 

145-2-46                      Beneficiary's percentage under "plan C".

 

 

 

The 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 or section 9.03(e)(2)(ii) of the combined plan document 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:	07/01/2007	2
R.C. 119.032 review dates:	09/29/2011
CERTIFIED ELECTRONICALLY
Certification
06/20/2007
Date
Promulgated Under:	111.15
Statutory Authority:	145.09, 145.46.
Rule Amplifies: Prior Effective Dates:	145.32, 145.33, 145.331, 145.34, 145.37, 145.46. 4/6/07 (Emer.); 10/27/06; 7/01/04