Calculation of amount due retirant with multiple beneficiaries under the multiple-life plan.

(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. Effective: January 1, 2025 Promulgated Under: 111.15 Supplemental Information Authorized By: 145.09 Amplifies: 145.80 Five Year Review Date: 9/28/2029 Prior Effective Dates: 9/16/2013