Ohio Admin. Code 145-1-64 - [Effective 1/1/2025] Death of designated beneficiary
(A) This rule applies to a beneficiary
designation in which two or more persons are designated as beneficiaries under
section 145.384,
145.43, or
145.65 of the Revised Code,
section 13.02
13.01 of the combined plan document, or section 11.02
of the member-directed plan document.
(B) The death of a designated beneficiary
prior to the death of a contributor shall cancel only the designation of the
deceased beneficiary. The percentage of the lump sum payment that would have
been paid to the deceased beneficiary shall be apportioned equally to the
contributor's remaining designated beneficiaries.
Notes
Promulgated Under: 111.15
Statutory Authority: 145.09
Rule Amplifies: 145.384, 145.43, 145.65
Prior Effective Dates: 04/06/2007 (Emer.), 07/01/2007
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