Ohio Admin. Code 742-3-22 - Designation of a trust as beneficiary for certain lump sum payments
A member may designate a trust as "beneficiary" for purposes of
any lump sum payments due under section
742.446 of the Revised Code
(i.e., deferred retirement option plan) and section
742.58 of the Revised Code
(i.e., lump sum death benefit). When submitting the beneficiary designation
forms provided by OP&F, a member who designates a trust as beneficiary
shall submit either a copy of a certificate of trust or copies of the first
page and signature page of the trust instrument as
well as
. The member shall also submit
any other documentation requested by OP&F for the distribution of such
funds. This rule will not supercede any statutory provisions governing the
distribution of funds that may become due and payable under the aforementioned
statutes.
Notes
Promulgated Under: 111.15
Statutory Authority: 742.10
Rule Amplifies: 742.446, 742.58
Prior Effective Dates: 02/16/2006, 09/28/2006, 12/26/2011, 01/30/2017
Promulgated Under: 111.15
Statutory Authority: 742.10
Rule Amplifies: 742.446, 742.58
Prior Effective Dates: 2/16/2006, 9/28/2006, 12/26/2011
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