16512230, 60U-1.011 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 16512230

Notice of Development of Rulemaking

Department:

DEPARTMENT OF MANAGEMENT SERVICES

Division:

Division of Retirement - Optional Retirement Program

Chapter:

OPTIONAL RETIREMENT PROGRAM PARTICIPATION

Overview

RULE:

60U-1.011	Definitions
60U-1.012	Program Administration
60U-1.013	Employer and Employee Contributions
60U-1.014	Reemployment Provisions and Renewed Membership
60U-1.015	Forfeiture of Benefits

PURPOSE:

To incorporate by reference these three new forms: State University System Optional Retirement Program Application for Refund of Voluntary Employee Contributions Only form, State University System Optional Retirement Program Application for Retirement and Retirement Distribution form, and State University System Optional Retirement Program Application for Required Minimum Distribution Authorization form. To update the Optional Retirement Program Participation section under rule 60U-1, F.A.C., by creating definitions for the terms “FRS,” “employer,” “mandatory participant,” “participant,” “provider company,” SUSORP,” and “SUSORP election window.”, update contact information, create sections on program administration, employer and employee contributions, reemployment provisions and renewed membership, and forfeiture of benefits.

SUBJECT:

State University System Optional Retirement Program.

RULEMAKING AUTHORITY:

121.031, 121.35, 112.363, 650.07 FS.

LAW:

121.35, 121.031, 112.363, 121.71, 121.053, 121.091, 121.122, 112.3173 FS.

PRINT PUBLISH DATE:

9/22/2015 Vol. 41/184

RELATED STATUTES
AND LAWS:

121.031, 121.35, 112.363, 650.07 FS., 121.35, 121.031, 112.363, 121.71, 121.053, 121.091, 121.122, 112.3173 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=60U-1.011&PDate=9/22/2015&Section=1

REFERENCE MATERIALS:

No reference(s).

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