10540425, 60S-6.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10540425

Notice of Proposed Rule

Department:

DEPARTMENT OF MANAGEMENT SERVICES

Division:

Division of Retirement

Chapter:

DEFINITIONS

Overview

RULE:

60S-6.001

Definitions

PURPOSE:

The purpose and effect are to amend Division of Retirement rules to correspond with statutory changes up through the 2010 Legislative session and delete obsolete language.

SUMMARY:

The amendments in this rule: clarify that the authority and responsibility for administration of the Florida Retirement System (FRS) Pension Plan rest with the Department of Management Services, Division of Retirement. Also, clarify the definitions of the terms “termination,” “gross compensation,” and “average final compensation”; establish the blended or uniform contribution rate for employers participating in the FRS; add and expand certain definitions as required by statute.

RULEMAKING AUTHORITY:

121.031, 121.052(7) FS.

LAW:

121.021, 121.031, 121.051, 121.0515, 121.052, 121.091(5)(e), 112.215, 121.4501, 121.70, 943.22(2)(e) FS.

PRINT PUBLISH DATE:

10/21/2011 Vol. 37/42

COMMENTS:

From 10/21/2011 To 11/11/2011 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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