The purpose is to repeal Rule 60T-1.005, F.A.C., Review of Actuarial Reports and Actuarial Impact Statements.

DEPARTMENT OF MANAGEMENT SERVICES
Division of Retirement - Local Retirement

RULE NO: RULE TITLE
60T-1.005: Review of Actuarial Reports and Actuarial Impact Statements
PURPOSE AND EFFECT: The purpose is to repeal Rule 60T-1.005, F.A.C., Review of Actuarial Reports and Actuarial Impact Statements.
SUMMARY: The proposed repeal of this rule is prompted by the substantial changes the Legislature has made to Section 112.63(4), F.S.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
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.
SPECIFIC AUTHORITY: 112.665(1) FS.
LAW IMPLEMENTED: 112.661(9), 112.61, 112.625, 112.63, 112.665, 112.64, 112.661(9) 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: May 26, 2009, 9:00 a.m.
PLACE: Division of Retirement, 1317 Winewood Blvd, Bldg. 8, Room 205, Tallahassee, FL 32399-1560
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 5 days before the workshop/meeting by contacting: Garry Green, Operations and Management Consultant Manager, Department of Management Services, Division of Retirement, 1317 Winewood Blvd., Bldg. 8, Tallahassee, FL 32399-1560; [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, 1317 Winewood Blvd., Bldg. 8, Tallahassee, FL 32399-1560; [phone]

THE FULL TEXT OF THE PROPOSED RULE IS:

60T-1.005 Review of Actuarial Reports and Actuarial Impact Statements.

Rulelmaking Specific Authority 112.665(1) (e) FS. Law Implemented 112.63 FS. History–New 5-6-81, Formerly 22D-1.05, 22D-1.005, Repealed ________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Gary Green
NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: David Faulkenberry, Deputy Secretary
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: April 14, 2009