To create a new beneficiary designation form for Special Risk Class members in the Investment Plan. To amend forms, including FST-11B, SVF-2, SRF-2, and the SRF-3 to address additional information for Special Risk members, forms TR-11, FR-11, PR-13, ...  

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    DEPARTMENT OF MANAGEMENT SERVICES

    Division of Retirement

    RULE NOS.:RULE TITLES:

    60S-4.0035Retirement Application and Effective Retirement Date

    60S-4.008Benefits Payable Upon Death

    60S-4.009Benefits Payable After Termination

    PURPOSE AND EFFECT: To create a new beneficiary designation form for Special Risk Class members in the Investment Plan. To amend forms, including FST-11B, SVF-2, SRF-2, and the SRF-3 to address additional information for Special Risk members, forms TR-11, FR-11, PR-13, and the FR-13 to include contact information for beneficiaries, and form FRS-M81 to provide clarification and expand the explanation of the termination requirements for members seeking a refund of their employee contributions. To update rule language, including language pertinent to SB 7012 which provides death benefits to the surviving spouse or children at 100% of the member’s salary. To update rule language to amend documentation accepted for proof of birth verification. To require the submission of a marriage certificate the time of application for retirement if a member is choosing option 3 or 4 and naming their spouse as their beneficiary.

    SUBJECT AREA TO BE ADDRESSED: Forms FST-11B, TR-11, FR-11, PR-13, FR-13, SVF-2, SRF-2, SRF-3, FRS-M81, birth verification, marriage certificate under option 3 or 4, death benefits payable to beneficiaries of Special Risk members.

    RULEMAKING AUTHORITY: 121.031, 121.4501(8), 121.052(14) FS.

    LAW IMPLEMENTED: 61.1301, 112.65, 112.18, 112.181, 121.055, 121.021, 121.091, 121.4501(16), 121.591(2), 121.052(5) 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: Friday, June 3, 2016, 10:00 a.m.

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

    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: Pegah Bowman, Operations and Pensions Analyst, at (850)778-4404. 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). 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 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, (850)414-6349

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

Document Information

Subject:
Forms FST-11B, TR-11, FR-11, PR-13, FR-13, SVF-2, SRF-2, SRF-3, FRS-M81, birth verification, marriage certificate under option 3 or 4, death benefits payable to beneficiaries of Special Risk members.
Purpose:
To create a new beneficiary designation form for Special Risk Class members in the Investment Plan. To amend forms, including FST-11B, SVF-2, SRF-2, and the SRF-3 to address additional information for Special Risk members, forms TR-11, FR-11, PR-13, and the FR-13 to include contact information for beneficiaries, and form FRS-M81 to provide clarification and expand the explanation of the termination requirements for members seeking a refund of their employee contributions. To update rule ...
Rulemaking Authority:
121.031, 121.4501(8), 121.052(14) FS.
Law:
61.1301, 112.65, 112.18, 112.181, 121.055, 121.021, 121.091, 121.4501(16), 121.591(2), 121.052(5) FS.
Contact:
Garry Green, Bureau Chief, Department of Management Services, Division of Retirement, 2450 Shumard Oak Blvd., Bldg. 2, Tallahassee, FL, (850) 414-6349.
Related Rules: (3)
60S-4.0035. Retirement Application and Effective Retirement Date
60S-4.008. Benefits Payable Upon Death
60S-4.009. Benefits Payable After Termination