The purpose of this proposed rule amendment is the deletion of one Division form, the adoption of one new Division form and the adoption by reference of two State Board of Administration forms.

 

DEPARTMENT OF MANAGEMENT SERVICES
Senior Management Service Optional Annuity Program

RULE NO: RULE TITLE
60V-1.007: Approved Forms
PURPOSE AND EFFECT: The purpose of this proposed rule amendment is the deletion of one Division form, the adoption of one new Division form and the adoption by reference of two State Board of Administration forms.
SUMMARY: The deleted Division Form:
SMS-1 is no longer an agency maintained form. Responsibility for this form is now maintained by the State Board of Administration as provided in Section 121.4501, F.S.
The new Division Form:
OAP-ETF was created as a supplementary statement for distributions, creating a Division record of termination and ensuring participant meets the definition of termination as provided in Section 121.021(39), F.S.
The Two State Board of Administration Forms Adopted by Reference:
SMS-1 was previously a Division maintained form and was deleted as a Division form and herein is incorporated by reference within this Rule Chapter as State Board of Administration Enrollment and Election Forms for the Florida Retirement System as described in Section 121.4501, F.S.
SMS-4 is a Board of Administration Enrollment and Election Forms for the Florida Retirement System as described in Section 121.4501, F.S., for the purposes of implementing Chapter 2005-205 of the Laws of Florida.
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: 121.031 FS.
LAW IMPLEMENTED: 1.01, 112.215, 112.361, 112.363, 120.55, 121.011, 121.015, 121.021, 121.031(2), 121.051, 121.0515, 121.081, 121.091, 121.111, 121.1115, 121.1122, 121.121, 121.125, 121.4501, 121.591, 122.08, 122.09, 215.28, 238.05, 238.06, 238.07, 689.21, 1012.01 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:
DATE AND TIME: June 28, 2007, 10:00 a.m. EST
PLACE: Department of Management Services, Division of Retirement, 1317 Winewood Blvd., Bldg. 8, Conference Room 208, Tallahassee, FL 32399-1560, [phone]
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/hearing/meeting is asked to advise the agency at least 48 hours before the workshop/hearing/meeting by contacting Richard Clifford at [phone], or Toll Free 877-1737. If you are hearing or speech impaired, please contact the agency by calling [phone].
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:

60V-1.007 Approved Forms.

The following is a list of the forms utilized by the Division of Retirement in its dealings with the participants in the Senior Management Service Optional Annuity Program, which are hereby incorporated by reference into these rules. A copy of these forms may be obtained by calling the Division at (850)488-57062784. If calling from outside the Tallahassee calling area, you may call the Division toll-free at 877/377-1737 or by writing to the Division of Retirement at, P.O. Box 9000, Tallahassee, FL 32315-9000. Cedars Executive Center, Building C, 2639 North Monroe Street, Tallahassee, Florida 32399-1560. These forms may also be printed or downloaded from the Division’s website (http://frs.myflorida.com) or from the cooperative website of the Division and the State Board of Administration (www.myfrs.com).

(1)(a) Division Forms.

 

FORM NO./ REVISION DATE	TITLE/DESCRIPTION
(1) SMS-1 (Rev. 7/00)	Senior Management Service Employees Retirement Plan Enrollment Form Optional Annuity Program (SMSOAP)/FRS Ballot
1. OAP-ETF (11/05)	Florida Retirement System Senior Management Service Class (SMSC) Supplemental Statement for Distributions – a one-page form

 

(b) State Board of Administration Forms.

 

FORM NO./REVISION DATE	TITLE
1. SMS-1 (Rev. 07/06)	State Senior Management Service Employees Retirement Plan Enrollment Form
2. Form SMS-4 (11/05)	Retirement Plan Conversion Form for Local Employer Senior Management Service Class (SMSC) Members

Specific Authority 121.031 FS. Law Implemented 121.055 FS. History–New 1-4-93, Amended 1-10-95, 5-14-95, 9-18-96, 10-14-90, 1-24-00,12-19-00,_________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Garry Green, Operations and Management Consultant, Manager, Department of Management Services, Division of Retirement, 1317 Winewood Blvd., Bldg. 8, Tallahassee, FL 32399-1560, [phone]
NAME OF SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED RULE: Sarabeth Snuggs, Division Director, Department of Management Service, Division of Retirement, 1317 Winewood Blvd., Bldg 8, Tallahassee, FL 32399 1560, [phone]
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: May 14, 2007
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: September 15, 2006