Ohio Admin. Code 3307:2-5-01 - Distributions
Application for a distribution from the defined contribution
program shall be in accordance with the terms and conditions specified by the
plan document. In no case shall a distribution be made prior to the termination
of covered employment. Calculation and payment of a distribution shall be as
specified by Chapter 3307:2-5 of the Administrative Code, the plan document,
and the rates, factors and conditions established by the retirement board.
Application shall be on a form provided by the retirement system and shall be
deemed made as of the date a complete application is received by the retirement
system. A distribution made from the defined
contribution plan and the combined plan's account in the defined contribution
fund shall be deemed irrevocably made as of the date paid by the retirement
system. Distributions from the defined benefit portion of the combined plan
shall be deemed irrevocably made as outlined in paragraphs (G) and (H) of rule 3307-8-01 of the Administrative Code.
Notes
Promulgated Under: 111.15
Statutory Authority: 3307.80
Rule Amplifies: 3307.81
Prior Effective Dates: 07/01/2001 (Emer.), 09/17/2001, 06/18/2009, 01/07/2013 (Emer.), 03/24/2013, 06/07/2019
Promulgated Under: 111.15
Statutory Authority: 3307.80
Rule Amplifies: 3307.81
Prior Effective Dates: 07/01/2001 (Emer.), 09/17/2001, 06/18/2009, 01/07/2013 (Emer.), 03/24/2013
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