Rule 3309-1-60 | Division of property orders.
(A) "Order" means an order described in section 3105.81 of the Revised Code.
(B) "Alternate payee", "benefit", "lump sum payment" and "participant" have the meanings set forth in divisions (A) to (D) of section 3105.80 of the Revised Code.
(C) School employees retirement system may retain an order that provides the last four digits of the participant's and alternate payee's social security numbers.
(D) Prior to receiving a benefit or lump sum payment, an alternate payee shall provide the information required on a form approved by this system. An alternate payee shall notify this system in writing of any change in the information provided.
(E) Any benefit or lump sum payment that is owed and unpaid to an alternate payee at the time of the alternate payee's death shall be paid to the estate of the alternate payee.
(F) Pursuant to section 3105.90 of the Revised Code, an order shall be on the form prescribed by the appendix to this rule.
(G) Starting with a participant's next annual benefit increase under section 3309.374 of the Revised Code on or after October 27, 2006, the annual increase shall be apportioned between the participant and the alternate payee while the order is in effect.
(H) In determining the amount to be paid to the alternate payee under division (D)(2) of section 3105.82 of the Revised Code, the fraction to be used in the calculation shall not exceed one whole.
Last updated September 6, 2022 at 3:59 PM
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