12381776, 60S-4.002 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 12381776

Notice of Proposed Rule

Department:

DEPARTMENT OF MANAGEMENT SERVICES

Division:

Division of Retirement

Chapter:

BENEFITS

Overview

RULE:

60S-4.002	Statements of Policy
60S-4.003	Retirement Eligibility
60S-4.004	Benefits Payable Upon Normal Retirement
60S-4.005	Benefits Payable Upon Early Retirement (Repealed)
60S-4.006	Benefits Based on Dual Retirement Ages (Repealed)
60S-4.009	Benefits Payable After Termination
60S-4.012	Employment After Retirement
60S-4.013	Cost-of-Living Adjustments (Repealed)
60S-4.015	Deductions from Monthly Benefits
60S-4.020	Retiree Health Insurance Subsidy

PURPOSE:

To amend the rules of the Division of Retirement to correspond with statutory changes up through the 2012 Legislative session; remove duplicative sentence from rule, expound upon power of attorney agent designation procedure, make one technical correction to rule, and to incorporate by reference two revised division forms and one revised State Board of Administration form.

SUMMARY:

The amendments set forth removes a redundant sentence from rule; expands upon the procedure for power of attorney agent to require the agent to also submit and complete an affidavit in accordance with section 709.2119, F.S.; updates rules to coincide with statutory changes resulting from chapter law 2011-68, which redefined the terms “average final compensation,” “normal retirement date,” and “vesting” for members initially enrolled on or after July 1, 2011, and also redefined “termination” and changed the Cost-of-Living Adjustments on retirements effective after July 1, 2011. In addition, the amendments set forth updates the request for refund of employee contributions procedure incorporating by reference one new division form; updates deductions that may be made from monthly benefits to include health insurance premiums from the State Group Health Insurance plan and removes the requirement that deductions from monthly benefits must be authorized in writing as such authorization may be done  electronically or through PeopleFirst and updates the name of  the trust fund for the State Group Insurance Plan.

RULEMAKING AUTHORITY:

112.363(7), 121.031, 121.031(1), (2), 121.052(14), 121.091, 121.091(14), 121.30(9), 121.1001(4) FS.

LAW:

61.1301, 112.363, 121.021, 121.021(30), 121.031, 121.046 (4), 121.051, 121.052, 121.052 (2), (3), (5), 121.052(5)(c), 121.053, 121.055, 121.091, 121.091(1), (2), (3), (9), 121.101, 121.133, 121.23, 121.30, 222.21, 238.181 FS.

PRINT PUBLISH DATE:

12/12/2012 Vol. 38/89

COMMENTS:

From 12/12/2012 To 1/2/2013 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-00344 AAPS (Rev 08/00)
Ref-00355 FR-23 (Rev. 07/10)
Ref-00356 FR-23a (Rev. 05/05)
Ref-00358 FRS-M81 (Rev. 05/11)
Ref-00370 SAPS (Rev. 10/02)
Ref-00403 HIS-1 (Rev.07/05)
Ref-00405 HIS-IP-2 (Rev. 10/11)
Ref-01935 CERT (Rev. 02-2012)
Ref-01936 HIS-IP (Rev. 03/12)
Ref-01937 REF-PAYT (05/11)

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.