Rule 145-2-46 | Beneficiary's percentage under joint-life and multiple-life plans.
Unless a court order specifically requires a member to allocate to the member's former spouse less than ten per cent of the member's monthly retirement allowance, the portion of a retirement allowance that continues after death to a member's surviving beneficiary pursuant to the plan of payment described in division (B)(1) or (B)(3) of section 145.46 of the Revised Code shall be expressed as a whole percentage and shall meet or exceed the greater of the following:
(A) Ten per cent of the member's monthly retirement allowance;
(B) A percentage that causes the beneficiary's monthly benefit to be at least fifty dollars.
Last updated January 2, 2025 at 9:55 AM