Ohio Admin. Code 742-4-18 - Default plan of DROP benefit

Unless OP&F receives a written notice of distribution from a surviving spouse or duly named designated beneficiary, as the case may be, for any monies properly due such person under division (C) of section 742.446 of the Revised Code within thirty days of OP&F's notice to such person of the final DROP benefit to be distributed to that person under the foregoing statutory provision, OP&F will process all payments to the appropriate beneficiary based on a lump sum distribution. This default plan of payment, however, will not apply in the event that OP&F has no records to determine the surviving spouse or designated beneficiary of such payments or the address of such surviving spouse or duly named designated beneficiary.

Notes

Ohio Admin. Code 742-4-18

Five Year Review (FYR) Dates: 6/29/2023 and 06/29/2028
Promulgated Under: 111.15
Statutory Authority: 742.10
Rule Amplifies: 742.446
Prior Effective Dates: 12/31/2002 (Emer.), 04/06/2003, 09/28/2018

Effective: 9/28/2018
Five Year Review (FYR) Dates: 7/12/2018 and 07/12/2023
Promulgated Under: 111.15
Statutory Authority: 742.10, 742.43
Rule Amplifies: 742.446
Prior Effective Dates: 12/31/2002 (Emer.), 04/06/2003