Ohio Admin. Code 742-3-28 - Plan of payment selection for DROP participants
In cases where a member designates a beneficiary upon the
person's election to participate in DROP and the member is required to elect a
plan of payment
issued under section 3105.171 or 3105.65 of the
Revised Code or the laws of another state regarding the division of marital
property, the member shall have the right to designate a former spouse
as an additional beneficiary under division (A)(4) of section
742.3711 of the Revised Code in
such cases without a corresponding reduction in DROP benefits. In all other
cases, the member will not be permitted to make additional selections of
beneficiaries upon the person's retirement.
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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