To address the time period of accreditation of a Florida private school by the Southern Association of Colleges and Schools for determining eligibility of purchase under the Credit for Out-of-State and In-State Service.

 

DEPARTMENT OF MANAGEMENT SERVICES

Division of Retirement

RULE NO.:RULE TITLE:

60S-2.007Credit for Out-of-State and In-State Service

PURPOSE AND EFFECT: To address the time period of accreditation of a Florida private school by the Southern Association of Colleges and Schools for determining eligibility of purchase under the Credit for Out-of-State and In-State Service.

SUMMARY: This change clarifies the time period of accreditation of a Florida private school by the Southern Association of Colleges and Schools for determining eligibility of purchase under the Credit for Out-of-State and In-State Service.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION: The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: Not required because there are no adverse impacts on economic growth, business competitiveness or regulatory costs of more than $1M in the aggregate within five years of implementation.

Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 121.031 FS.

LAW IMPLEMENTED: 120.045, 121.021, 121.051(6)(a), 121.1115, 121.1122, 122.07, 238.06(4) FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW (IF NOT REQUESTED, THIS HEARING WILL NOT BE HELD):

DATE AND TIME: Wednesday, January 21, 2015, 10:30 a.m.

PLACE: Division of Retirement of the Department of Management Services, 2450 Shumard Oak Blvd., Bldg. 2, Room 2-1460, Tallahassee, FL

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 48 hours before the workshop/meeting by contacting: Beth Rissinger, Senior Benefits Analyst, Division of Retirement, Department of Management Services at [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Garry Green, Operations and Management Consultant Manager, Department of Management Services, Division of Retirement, 2450 Shumard Oak Blvd., Bldg. 2, Tallahassee, FL, [phone]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

60S-2.007 Credit for Out-of-State and In-State Service.

(1) through (2) No change.

(3)(a) through (d) No change.

(e) A member of the Florida Retirement System Pension Plan who wishes to claim such service shall obtain the following from the out-of-state or in-state employer’s retirement or pension plan on Form FR-30 (Rev. 05/14 06/12), http://www.flrules.org/Gateway/reference.asp?No=Ref-04641 Ref-01933, Florida Retirement System Pension Plan Verification for In-State or Out-of-State Service Credit, herein adopted by reference which may be obtained from the Forms page of the Division’s website, www.frs.MyFlorida.com, or by calling the Division’s Bureau of Retirement Calculations Toll Free at [phone] [phone], if calling from outside the Tallahassee calling area or locally at [phone] 488-6491; or on Form FR-30a (Rev. 07/04), http://www.flrules.org/Gateway/reference.asp?No=Ref-00336, Florida Retirement System Pension Plan Out-of-State Employer Request, herein adopted by reference, which is sent to the member’s address of record by the Division’s Bureau of Retirement Calculations if the information provided by the out-of-state in-state employer’s retirement or pension plan on Form FR-30 is incomplete; or in the case of a deceased member, a beneficiary who wishes to claim such service on the behalf of the member shall obtain the following from the out-of-state or in-state employer’s retirement or pension plan on Form FR-30b (Rev. 07/99), http://www.flrules.org/Gateway/reference.asp?No=Ref-00337, Florida Retirement System Pension Plan Verification for In-State or Out-of-State Service Credit, herein adopted by reference which may be obtained by calling the Division’s Survivor Benefits Section Toll Free at [phone] [phone], if calling from outside the Tallahassee calling area or locally at [phone] 488-5207. Individuals with a hearing or speech impairment may call the Division via T.D.D. at the Florida Relay System by dialing 711 or [phone]:

1. through (i) No change.

Rulemaking Authority 121.031 FS. Law Implemented 120.045, 121.021, 121.051(6)(a), 121.1115, 121.1122, 122.07, 238.06(4) FS. History–New 1-1-72, Amended 8-20-75, 8-5-76, 7-1-79, Formerly 22B-2.07, 22B-2.007, Amended 3-18-93, 4-5-95, 12-12-96, 2-24-99, 8-13-03, 4-5-12, 3-25-13,__________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Dan Drake, Director

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Craig J Nichols, Secretary

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: November 4, 2014

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: October 3, 2014