Public Employees Retirement System - Service Credit - Designation of beneficiary prior to retirement.


Published: 2013-09-16

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.

(A) This rule amplifies section 145.431 of the Revised Code.

(B) A member may designate a beneficiary on a form provided by the public employees retirement system. The designation applies to all retirement plans in which the member has contributions on deposit prior to retirement. If a member or participant has not designated a beneficiary, the beneficiary shall be determined pursuant to section 145.43 of the Revised Code and applicable provisions of the combined and member-directed plan documents.

(C) A member or participant who designated a beneficiary or beneficiaries prior to the effective date of this rule shall have the last designation in time maintained as the single designation for the members accounts in the traditional pension plan, combined plan, and member-directed plan.

Last updated September 30, 2021 at 9:07 AM