To require retirees to establish direct deposit upon exiting the Deferred Retirement Optional Program (DROP). The amendment of this rule will also require submission of a marriage license should a member who previously selected option 3 or 4 name a ...

 

DEPARTMENT OF MANAGEMENT SERVICES

Division of Retirement

RULE NO.:RULE TITLE:

60S-11.004Benefits

PURPOSE AND EFFECT: To require retirees to establish direct deposit upon exiting the Deferred Retirement Optional Program (DROP). The amendment of this rule will also require submission of a marriage license should a member who previously selected option 3 or 4 name a new spouse as their joint annuitant.

SUBJECT AREA TO BE ADDRESSED: Direct deposit upon exiting DROP; submission of a marriage license when naming a new spouse as a joint annuitant.

RULEMAKING AUTHORITY: 121.031 FS.

LAW IMPLEMENTED: 121.091, 121.131 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: January 12, 2016, 10:00 a.m.

PLACE: 2450 Shumard Oak Blvd., Building. 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.