The amendments of form FST-11G, Application of Beneficiary for Benefit Payment, and form REF-PAYT, Refund Payout Selection, to require an account number and add a section on page two which clearly indicates the rollover amount to the custodian.

 

DEPARTMENT OF MANAGEMENT SERVICES

Division of Retirement

RULE NOS.:RULE TITLES:

60S-4.008Benefits Payable Upon Death

60S-4.009Benefits Payable After Termination

PURPOSE AND EFFECT: The amendments of form FST-11G, Application of Beneficiary for Benefit Payment, and form REF-PAYT, Refund Payout Selection, to require an account number and add a section on page two which clearly indicates the rollover amount to the custodian.

SUBJECT AREA TO BE ADDRESSED: Form FST-11G, Application of Beneficiary for Benefit Payment, and form REF-PAYT, Refund Payout Selection.

RULEMAKING AUTHORITY: 121.031, 121.052(14) FS.

LAW IMPLEMENTED: 61.1301, 112.18, 112.181, 121.021, 121.052(5), 121.055, 121.091 FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: February 11, 2016, 10:00 a.m.

PLACE: 2450 Shumard Oak Blvd., Bldg. 2, Tallahassee, FL 32311

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Garry Green, Bureau Chief, Department of Management Services, Division of Retirement, 2450 Shumard Oak Blvd., Bldg. 2, Tallahassee, FL, [phone]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.