Rule 145-3-15. Calculation of amount due retirant with multiple beneficiaries under the multiple-life plan

111.15 (A) This rule amplifies, in the case of a monthly annuity payment option only, sections 9.02 of the combined and member-directed plan documents. (B) Calculation of the amount due to a retirant receiving a benefit pursuant to a plan of payment under which a portion of the benefit continues, after the death of the retirant, to two, three, or four surviving beneficiaries shall be calculated in accordance with rule 145-2-62 of the Administrative Code. Last updated January 2, 2025 at 9:57 AM Supplemental Information Authorized By: 145.09 Amplifies: 145.80 9/28/2029 9/16/2013