10540619, 60S-3.002 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10540619

Notice of Proposed Rule

Department:

DEPARTMENT OF MANAGEMENT SERVICES

Division:

Division of Retirement

Chapter:

CONTRIBUTIONS

Overview

RULE:

60S-3.002	Statements of Policy
60S-3.003	Retirement Contributions for Regular, Special Risk, Elected Officer, Special Risk Administrative Support and Senior Management Service Classes of the Pension and Investment Plans of the Florida Retirement System; Contributions for the Retiree Health Insurance Subsidy; and Contributions for the Deferred Retirement Option Program (Repealed)
60S-3.004	Retirement Contributions for Past Service Credit (Repealed)
60S-3.006	Retirement Contributions for Military Service Credit (Repealed)
60S-3.007	Retirement Contributions for Leave of Absence Credit
60S-3.010	Contributions for Social Security (Repealed)
60S-3.011	Payment of Contributions
60S-3.013	Retirement Contributions for Upgraded Previous Service Credit
60S-3.015	Retirement Contributions for Retroactive Special Risk Class Service (Repealed)

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 to this rule reflect the statutory revisions that: limit the renewal of membership in the Florida Retirement System (FRS); change contribution rates; allow metropolitan planning organizations, public charter schools and public charter technical career centers to participate in the FRS; and regulate the purchase of past service credit with the City of Jacksonville by certain employees of the Fourth Judicial Circuit. Other amendments to this rule: update compensation methodology used to calculate the contributions due for a military leave-of-absence, as necessary to comply with the Uniformed Services Employment and Reemployment Rights Act; clarify when a state university system employer may be subject to a special assessment based upon faculty salary increases; and the adopt by reference of one existing Division form previously adopted under Rule 60S-9.001, F.A.C.

RULEMAKING AUTHORITY:

112.363(7), 121.031, 121.052(7) FS.

LAW:

112.215(13), 112.363, 121.021, 121.031, 121.0515, 121.052, 121.055, 121.061, 121.071, 121.081, 121.091, 121.111, 121.113, 121.121(4), 121.122, 121.30, 121.70, 121.71, 121.72, 121.73, 121.74, 121.75, 121.76 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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