Ohio Police and Fire Pension Fund - Deferred Retirement Option Plans - DROP benefits at death.


Published: 2009-09-27

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) For purposes of paying DROP benefits under division (B)(1) of section 742.446 of the Revised Code, the Ohio police and fire pension fund (OP&F) may require receipt of the following documents from the DROP participant's surviving spouse, designated beneficiary or estate, as the case may be:

(1) Marriage certificate, if applicable;

(2) Birth certificate, if applicable;

(3) Letters of authority from the DROP Participant's executor/executrix or administrator/administratrix, if applicable and as the case may be;

(4) Application for benefits in the form provided by OP&F;

(5) A complete copy of the trust agreement if a trust has been designated as the beneficiary of DROP benefits pursuant to rule 742-3-22 of the Administrative Code;

(6) Any other documentation requested by OP&F for the distribution of funds.

(B) Capitalized terms used in this rule shall have the meaning assigned to them in rule 742-4-01 of the Administrative Code.