3307:1-8-02 Active member beneficiary designation.

 

 

 

3307:1-8-02                 Active member beneficiary designation.

 

 

 

(A)For two or more beneficiaries last established in the public employees retirement system pursuant to paragraph (B) of section 3307.562 of the Revised Code, the state teachers retirement system shall pay the lump-sum divided equally among the beneficiaries regardless of the percentage of lump-sum specified for each beneficiary by the member.

 

(B)When a written designation on a form provided by the state teachers retirement system is received by the state teachers retirement system, the designated nomination shall not be deemed filed with the state teachers retirement board in accordance with paragragh (B) of section 3307.562 of the Revised Code unless the form is completed in a manner satisfactory to the retirement system in its sole discretion.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3307:1-8-02         Effective:	08/09/2007	2
R.C. 119.032 review dates:	04/01/2011
CERTIFIED ELECTRONICALLY
Certification
07/30/2007
Date
Promulgated Under:	111.15
Statutory Authority:	3307.04
Rule Amplifies:	3307.562