Benefits that are subject to section 415(b) of the Internal Revenue Code shall comply with the foregoing limit in each year during which payments are made. (B) Except as provided in paragraph (I) of this rule, a designation of beneficiary may be changed after retirement when the retirant is receiving benefits under: (1) A payment plan B or the single-life plan. The portion of the lesser amount continuing after death to two, three, or four surviving beneficiaries designated at the time of a member's retirement or at the time of commencement of a contributor's benefit under section 145.384 or 145.64 of the Revised Code shall be allocated among the beneficiaries in whole percentages only. (4) "Original disability plan" medical evidence supporting progression of the disabling condition or a new A recent study co-sponsored by the Associated Press found that the median salary of corporate CEOs in 2013 was $10 million. (2) "Military service" means active duty in the branches of the armed forces as defined in section 145.30 of the Revised Code. If you still have questions, please call us at 1-800-222-7377. 0000008633 00000 n participate in the rehabilitative services program. calendar years of eligible service; however, payment for the service credit may paragraph (D)(2) of this rule, a member may file a new disability application If the member is eligible to (A) This rule amplifies sections 145.295 and 145.2913 of the Revised Code. prior to receipt of the initial benefit payment in the same method as described However, one months delay means one pension check lost. (6) For service credit service credit in the reverse order of the member's purchase, with the shall consist of the members disability benefit application, the report (b) Scheduled deferred compensation payments. trailer (C) The limit described in paragraph (F) of section 145.2915 of the Revised Code also applies to service credit obtained under Chapter 742. or 5505. of the Revised Code for a period the member was out of service and reciving workers' compensation. Can I purchase years of service, even though I did not serve in the service? benefit applications received before January 7, 2013, and for disability Unless a court order specifically requires a Going to retire at the end of May 2020. include any unused employee contributions received from the school employees (A) This rule amplifies section 145.30 of the Revised Code. This website publishes administrative rules on their effective dates, as designated by the adopting state agencies, colleges, and the state teachers retirement system or school employees retirement system, the In the absence of a valid marriage certificate, the public employees retirement board will accept only a decision rendered by a court, having jurisdiction in the state in which the member was domiciled at the time of death, that the relationship constituted a valid marriage at time of death, or the "spouse" would have the same status as a widow or widower for purposes of sharing in the distribution of the member's or retirant's intestate personal property. The members effective date of retirement or disability benefit shall be no earlier than the first day of the month following receipt by the retirement system of the first partial payment or total payment, if paid in full in one payment. the disability benefit recipients participation in the rehabilitative I would really like to pay off some bills before he has the transplant and is off work for a longer period of time. 0000003485 00000 n (2) In addition, compensation shall include the following amounts: (a) Regular compensation for services.
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