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, ...

 

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 [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). 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, [phone]

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