29844589, 60S-7.0041 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 29844589

Notice of Proposed Rule

Department:

DEPARTMENT OF MANAGEMENT SERVICES

Division:

Division of Retirement

Chapter:

ACTUARIAL FACTORS

Overview

RULE:

60S-7.0041	Actuarial Factors for Calculating Benefits Provided by Options 2, 3, and 4
60S-7.010	Actuarial Factors for Calculating Disability Benefits Provided by Options 2, 3 and 4
60S-7.050	Actuarial Factors for Calculating Benefits Provided by Options 1, 2, 3 and 4 in Existing Retirement Systems

PURPOSE:

To update the actuarial factors used to calculate benefits provided by the Florida Retirement System Pension Plan. The updated factors are a result of the FRS Experience Study for the five-year period of 2019 - 2023 adopted at the FRS Actuarial Assumptions Conference in 2024.

SUMMARY:

The proposed amendments will update the actuarial factors used to calculate benefits provided by the Florida Retirement System Pension Plan.

RULEMAKING AUTHORITY:

121.031, F.S.

LAW:

121.091(6), 122.08, 238.08 F.S.

PRINT PUBLISH DATE:

8/4/2025 Vol. 51/150

COMMENTS:

From 8/4/2025 To 8/25/2025 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-06289 Actuarial Factors for Disability through Dec. 31, 2015
Ref-07876 Actuarial Factors Options 2, 3, 4 8.1.83-12.1.15
Ref-07877 Actuarial Factors Options 2, 3, 4 Special Risk eff. 1.1.16
Ref-07878 Actuarial Factors Disability Benefits eff. 1.1.16
Ref-07908 SCORES factors
Ref-18343 Florida Retirement System Actuarial Equivalence Factors Effective January 1, 2026

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