Ohio Admin. Code 742-3-27 - Reselection of beneficiary upon remarriage
A member who remarries and desires to select a new spouse upon a remarriage may only do so if the member makes such selection within the statutory deadline and, in cases where the member has already selected beneficiaries under division (A)(4) of section 742.3711 of the Revised Code, the following shall apply:
(A) Less
than four beneficiaries - In cases where there are less than four beneficiaries
named under an annuity plan of payment, the member has the right to reselect a
plan of payment by the stated deadline in order to name the new spouse as a
beneficiary provided that the amount that would be due and payable to a former
spouse designated as a beneficiary is not reduced in cases where this
designation is made in furtherance of an existing court order.
(B) Four beneficiaries/voluntary designations
- In cases where four beneficiaries are already named under a multiple
beneficiary annuity plan of payment, but some beneficiaries have been
voluntarily designated by the member who is not under an existing court order
to do so, the member may cancel an existing beneficiary designation that is
voluntary in order to name the new spouse as beneficiary. Any designations
required under division (A)(4) of section
742.3711 of the Revised Code,
however, may not be cancelled without a proper waiver or termination of such
designation is received by OP&F and
in
. In any event, any amounts due and
payable to a former spouse designated as a beneficiary will also not be reduced
in cases where this designation is made in furtherance of an existing court
order.
(C) Four beneficiaries/court
ordered designations - In cases where four beneficiaries are already named
under a multiple beneficiary annuity plan of payment due to existing court
orders, which requires the member to make such designation, the member will be
permitted to designate a new spouse on remarriage within the statutory deadline
only if a proper waiver or termination of such designation is received by
OP&F. Otherwise, no new designation can be made. In cases where a waiver or
termination is received, any amounts due and payable to a former spouse will
not be reduced.
Notes
Promulgated Under: 111.15
Statutory Authority: 111.15
Rule Amplifies: 742.3711
Prior Effective Dates: 10/23/2006 (Emer.), 01/07/2007, 01/30/2017
Promulgated Under: 111.15
Statutory Authority: 742.10
Rule Amplifies: 742.3711
Prior Effective Dates: 10/23/06(Emer), 01/07/2007
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